How high oil prices affect your stock picks

How High Oil Prices Affect Your Stock Picks - at www.moneyweek.com - the best of the international financial media

You will have noticed that oil prices are going through the roof. This not only affects you directly, in the form of higher prices at the petrol pump, but it also has implications for your stock market selections. These are, in a nutshell, that you should continue to hold energy stocks and steer clear of mass market general retailers. I explain why below. But first, let's look at the background to the current boom in energy prices.

You may recall that one of my core predictions at the start of this year was that the days of cheap oil are behind us. As oil flirts with the $70 a barrel mark this is now a reality. The boom in energy prices reflects the inherent cyclical nature of commodity markets and oil is no exception.

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Brian has contributed to MoneyWeek with his expertise in investment strategy, for example how to quadruple your dividend income and how to navigate through the stock market in the 2008 financial crisis. He’s also touched on personal finance such as the housing market and the UK economy.