MV Oil Trust (MVO)

[bar1080]

"I have no idea what most other people do when it comes to buying or selling stocks."

With my portfolio mostly on auto-pilot for decades, my stock market interest is about the motivations... I wonder why so many investors get things wrong. And then flip-flop and get things wrong again! Why do they trade so often? Why do they go with their gut when just about any pro will tell you that doesn't work. Figuring this out is of real importance since I'm involved with training some young investors.

I've never heard Buffett say he bought a stock on a hunch or because he felt lucky that day. Too many people, especially here, treat the market as a casino... for fun and thrills.

I still have some funds I bought around 1985. My last stock purchase was four years ago. When I sell something it's usually for tax reasons.

I firmly believe that online trading and low commissions haven't done most investors a favor. Commissions are a fraction of what they were 40 years ago before they were deregulated. Yet it seems brokerage houses are making more money than ever.

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By the way I read a review of MVO last year. The author did a lot of math and decided it would probably yield about 3% until liquidation. I have no great problem with that (LOL!) but most Ihubbers will expect more.