World’s Largest Wealth Fund wants to Sell $40 Billion Worth of Oil Stocks

Part of the reason for the proposal is risk avoidance; because around one-fifth of Norway’s gross domestic product comes from oil money. The hope is to keep generating enough income to keep Norway’s welfare state going into an oil-free future.

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Is Exxon-Mobil still a Safe Investment?

Exxon-Mobil has a lot of cash and a lot of float, and that cash and float is increasing. That, and the unpopularity of fossil fuels these days certainly makes it a value investment but it’s also a growth investment. Who knew?

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Stocks to Dump in 2017

That means there are some equities you should throw out of your portfolio right now. Disturbingly some big names; that were once among the best and brightest in stocks, are now among the deadwood you need to jettison.

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The Incredibly Shrinking Exxon-Mobil

Big oil is withering away before our eyes, and destroying a classic value investment in the process. No oil company seems to be shrinking faster than Exxon-Mobil (NYSE: XOM).

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Is Berkshire Hathaway right about Apple?

That’s what makes it a widows and orphans stock, no matter what happens it will make money for the foreseeable future perhaps the next 10 years or so. This reminds me of another major Buffett investment; Walmart Stores Inc. (NYSE: WMT). Like Apple, Walmart has so much money $483.83 billion in revenues in June 2016; that it can survive what would be catastrophic losses for the average company several times over.

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