I am a long term investor of $Energy Select Sector SPDR Fund(XLE)$ which represents the strongest and largest US Oil Giants. In just 1 trade, I gain access to oil companies like $Exxon Mobil(XOM)$ $Chevron(CVX)$ and Warren Buffett's favourite oil company, $Occidental(OXY)$
With the current ban by the US and its allies on Russian oil due to the Ukraine war, the US Oil Giants have benefited.
The expense ratio is a low 0.10% and dividends are paid every 3 months. The current dividend yield is 3.31% which provides me with a great source of passive income while waiting for capital growth. How good is that.
@TigerStars
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