OILK
ProShares K-1 Free Crude Oil Strategy ETF
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OILK if you don't want to have to file K-1 with your taxes.
Has a K-1. Me no like K-1. OILK is K-1 free
Full port EUAD, SHLD, OILK and RTX and delete the app
oh didn't know that (or forgot). Good comment then. Sold out of my OILK too early when the Battle (Hate to use that word war -- since it's been in a war state for a long time) started, but on the positive side, I put a lot more $ into HGER and CMDT and more into MLPX (Which is not that correlated - but still). My OILK position was small. I went huge into VTIP too and more into STPZ. I'll be adding to VTIP on Monday. Convert some other Ultrashort Bond positions to that.
Mr. Juan Pablo you are late to the game, no way around it. If you are so sure oil will keep on climbing and can’t trade commodities then go for ETFs. I’d suggest OILK and FENY. No K1 form for either. Not the best way and best timing to trade oil, but you can test your theory with that.
Agree, but I prefer OILK so that I don't get a K-1 tax form and have to spend another $50 on the next level up TurboTax package.
Thinking about going all-in on OILK.
Y'all keep throwing chicken bones. I'll be levered in OILK.
Seems more straightforward to just buy calls on OILK or USO. Propping up the oil price is the point of the war, after all.
Voo and Vti are good but are mostly the same, so you could just dump one and put it into the other. I would dump GME into NVDIA personally. Don’t really know OILK.
firstly just call options on USO crude oil futures etf. in addition to that, keep it simple. call options on XLE energy sector etf. if you're not in an options account, i like OILK which is a crude oil futures etf that pays a nice monthly dividend and no k-1 come tax time. XLE is fine to hold long term as well, but maybe you want some more leverage so PSCE small cap energy etf is a good one to have in the portfolio.
There is a ton of oil specific ETFs like USO, USL, OILK, DBO, etc. all slightly different. Just Google and do your own research.
Much recession fears keeping oil prices flat. UCO is a bit risky. I'm bullish oil due to geopolitical fears as well though so I'm in OILK crude oil futures ETF that pays a big dividend.
OILK I think is the only one
[OILK holds /CL futures](https://www.proshares.com/our-etfs/strategic/oilk). They're currently holding March, May, and November 2023 expiry at approximately equal proportion. You should read through its prospectus to get a better idea of their strategy, although I don't see how or where they're able to pay out dividends if the only thing they're doing is rolling futures contracts.
>So, I know the dividends are irrelevant... Right. >But... definitely different in the near term No, what? Dividends are still irrelevant. That's a mathematical fact, not an investment style recommendation. Figure out what the expected return is. Ignore the yield number. https://stockcharts.com/freecharts/perf.php?TLT,TLTW&p=6 https://stockcharts.com/freecharts/perf.php?USO,DBO,OILK&p=6
The monthly distributions (similar to dividends) from OILK fluctuate **a lot** from month to month, and from year to year. It's a rollercoaster.
Yes I agree with you. It went down during the pandemic and just didn’t rebound like most other oil stocks/etfs. I own CVX, XOM and other mlps and oil centric etfs. So I understand how most oil stocks have fared. Oilk recently starting paying monthly and I have a specific account for monthly dividend payers. OILK has a dividend yield of 69.22% and paid $32.73 per share in the past year. If that continues great but if it drops fine, I’m looking to hold just over a year and grab very high dividend returns. It is hard diversifying my monthly dividend account that I’m experimenting with. I feel this stock could help. So far my monthly dividend account has lost less than my traditional account with all the dividend reinvestment. All this without having to reorganize my stock portfolio. I’m looking for steady income and stock price preservation. Only need to see if oilk can maintain its stock price with that dividend. Which it is forecast to keep its dividend strong for the rest of the year, now with that potential oil bump that I believe will happen/happing, the stock price should also rise.
Yes I agree with you. It went down during the pandemic and just didn’t rebound like most other oil stocks/etfs. I own CVX, XOM and other mlps and oil centric etfs. So I understand how most oil stocks have fared. Oilk recently starting paying monthly and I have a specific account for monthly dividend payers. OILK has a dividend yield of 69.22% and paid $32.73 per share in the past year. If that continues great but if it drops fine, I’m looking to hold just over a year and grab very high dividend returns. It is hard diversifying my monthly dividend account that I’m experimenting with. I feel this stock could help. So far my monthly dividend account has lost less than my traditional account with all the dividend reinvestment. Only need to see if oilk can maintain its stock price with that dividend.
You want oil, go for ETFs holding assets of shares to actual energy companies. Try PXE or IEO. Both are dramatically outperforming OILK year to date.
Imagine 200K put into $OILK and $ZIM...
If it is a sure bet that OIL is going to $140 then everyone will buy the ETFs connected with OIL and make billions. Easy money! Oil investments: SCL OIL USL OILK
I would add USO and OILK to that
When it was announced Putin was putting troops on the border I bought a little of each of SWN DCP OILK DBO. They’ve consistently went up. I’m still new to stocks but I think I made a good purchase. Only question is when do I sell?
I'm happy to be wrong but I think its more about rotating into different investments. If I know Russia was going to invade Ukraine on Tuesday then on Monday I want to be invested in Haliburton, Lockeed Martin, Palantir, OILK, etc.
OILK is listed on my account at 67.88%, futures based. A casual glance at whatever oil is doing makes me not want to touch it with a 39 1/2 foot pole
Anyone here take a look at OILK. Seems like an odd ticker and I'm curious what is going on with the ridiculous dividends.
Not USO. The tax forms are horrendous. OILK.
I own OILK for exposure to US crude oil and VDE is a good energy etf
I'm already on board the oil train. I bought OILK, USO, and UGO when oil was negative last April. I've doubled my money on it so far.
OILK doesn't have a K-1, that's the alternative to UCO I chose. for those who aren't aware, apparently some commodities funds have really annoying tax forms called K-1s that are enough of a pain in the ass to be worth avoiding entirely.
OILK is something to consider here.
Yeah I want them all! It’s hard to choose. Right now I’m pretty much locked into QQQM and ARKG for looonnnnggg term investments. I’m also highly considering ICLN and THCX as long-term, but willing to get out of nothing is happening. For short term (1-2 years) I’m thinking JETS and OILK, as I think those two will creep back to normal levels.