Fuel prices are rising and gasoline keeps getting more and more expensive. Log into Facebook or turn on the local news, and you’re sure to see people complaining. However, it’s not all bad. If you’re smart, this is the perfect opportunity to make some quick cash.
Fossil fuels aren’t going anywhere and many oil producers pay huge dividends.
Here’s an example: The Vanguard S&P 500 fund yields about 1.30% per year. So if you invest $10,000, you get pay a whopping $130 each year. Not exactly enough to live off. Meanwhile, Chevron (one of the largest oil companies in the world and a Warren Buffett favorite) yields 3.35%. That’s $335 for every $10,000 invested.
But that’s just the tip of the iceberg. There are plenty of other ways to profit off gasoline and oil.
None of this is financial advice, obviously, but here are a few examples of businesses which benefit from rising energy costs.
Pembina Pipeline Corporation transports fossil fuels around Canada, and offers a 5.27% dividend yield. Best of all, the company pays shareholders monthly. So, you’re collecting a check every 30 days.
Lastly, Getty Realty is a pure play on gasoline and gas stations. This is a real estate investment trust that owns and leases over 900 different gas stations in the United States. So here, you’re profiting off fuel as well as convenience store purchases. The company pays a 5.85% dividend yield, and offers a unique play on energy stocks.
There’s an opportunity in every problem. Most people will sit around, complaining about the price of gasoline. Smart, go-getters will use the situation to their advantage.