Quote:
Originally Posted by Casey2296
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In mid-April 2020 the price of a barrel of West Texas crude went below $0 as sellers had to pay get rid of it.
2.5 years later a barrel of WTI currently sits at $87.78
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Not the slam dunk you think it is. The reason WTI went negative was because such futures contracts had to settle physically at Cushing and, at the time, Cushing was almost completely full. So, sure, you could have had someone pay you to take that contract off their hands, but you would have also had to take delivery of actual crude oil and find somewhere to store it for 2 1/2 years so that you could sell it today for $87.78
As to the opening question, I would never borrow against my retirement even with the lure of higher returns. I have made financial choices in my life that ended up costing me in the long run (I am looking at you, QCOM), but when I sit with my financial planner and he tells me that his Monte Carlo simulation says I have a 98% probability of maintaining my current lifestyle in retirement, I have no regrets. FOMO holds no truck with me. My collection is my hobby only and represents around 2% of my net worth.