Iran war update: how I hedge my portfolio by buying oil
The ceasefire is underway, but the damage cannot be undone. Shell's CEO just said the oil market is short 1 billion barrels — and 70% of farmers can't afford fertilizer for this season. Food and energy prices are increasing. To hedge the market and economic downturn, I added oil ETFs like XLE to my portfolio. I am betting on the industry, not a single stock. I don't want a crash, but if it happens, at least I have a seatbelt on. Not financial advice. Do your own research or consult a professional. #OilPrices #Inflation #IranWar #PersonalFinance #StockMarket
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