Hello Investors,
Today we reviewed current market conditions, including the structure of oil futures—specifically contango vs. backwardation—what these terms mean, why the market is currently in backwardation, and how that impacts oil companies. We also covered automated investing using Fidelity’s Zero Index Funds (which are structured as mutual funds). Finally, we added a recurring investment in Microsoft (MSFT). A company as well positioned as anyone to win the AI race. In addition, we bought 3 shares of the stock to get started.
Bought 3 shares of MSFT and added it to our recurring investment list on Robinhood.
Have a great week!