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I hear the ExxonMobile CEO saidthat the only reason oilis$55 a barrel is because of speculation. The "analysts" who are saying buy oil stocks because it is going to $80 a barrel are probably the same ones who told us to buy Amazon and Yahoo! for $400 a share in 2000.The market seems fixated on oil -- when oil rises equities fall. Yet it seems to me that after a while we'll all get used to more expensive oil and gasoline, and move on from there. (It has been well above $2.00 on this island for months. )
Hello Dave M!
Thanks for the insite on your allocations over the years when it comes to the TSP. I've only been in this since July of 04' and I must say that I've learned quit a bit from this site itself. I seperate from the military in a few months and I think that I'll have to roll my TSP funds into something (probably my Roth IRA for 06).
Here is a great book by an author whom has studied IRA's for over 20 years and from what I have heard is the best around. Check it out at your local Barnes & Noble.
"Parlay your IRA into Family Fortune"
Good Luck,
Charlie