Oil

Oil hit $43 today. I just bought another chunk of DXO at 2.78. I can't really afford to buy any more. I think my break-even is around 3.70 now (requiring oil to be around $55, or higher the more that oil drops lower in the interm -- I'll cover the reason for this in another post sometime).

If Oil goes to $25 like some are predicting, I guess I'll be holding for a while longer than expected :) Oil will eventually go back up though, so again, no real worries. The one risk with ETNs are that if the issuer (Deutsche Bank in this case) goes under, you likely won't see any of your money again. This Credit Risk is something that differentiates ETNs from ETFs. So as long as Deutsche Bank stays healthy, which it looks like it should from what I've read up on it (although you never know), then I still see an easy 100% return on this investment.