As a new hire I keep hiring: "Historic buying opportunity"... Would someone experienced be able to help me understand why most people feel this way.
I do not have much money saved but I'd like to start investing now and any suggestion or advice would be helpful.
That last 100% false comment illustrates why you should be seeking advice elsewhere.
Oil and gas stocks are not investable. There are a lot of better sectors To choose from.
Buy as much VTSAX as you can every month of you career.
Be my guest. Try to time the market. We'll watch. (reaches for popcorn)
New Hire? Are you a recent grad? What discipline are you in? When were you hired?
It's not appropriate to buy significant amount of stock for Chevron or any other company you work for. Enron employees learned that back in the day. Beneficial to buy stocks of companies you understand and believe in their future potential. While CVX has definitely a good path forward compared with the average oil company, since your income/job is tied to CVX don't overexpose your financial future by loading on stock.
A small percentage is appropriate, everyone has his own comfort level, personally more than 10-15% is too much for me.
Too late to get out
Here’s a suggestion: Get out of Oil & Gas NOW!!!!