Sgt. Jose Velazquez first appeared on ‘Face 2 Face’ back in January. Jose is no ordinary soldier – he teaches financial classes to fellow soldiers at night and writes for a magazine geared toward Hispanic MBA students, all the while passing on the knowledge he gets from the Fast Money Five. Jose turned on the webcam again from Fort Bragg back in February, a day before his 18th Airborne Division was to be deployed to Afghanistan. After being promoted to Sgt. Major, Jose is back via satellite tonight from Bagram, Afghanistan.
After his first appearances on the show, Jose bought KBR (KBR) and DynCorp (DCP) which have made him some fast money. Now he wants to know if positions he has in the index funds, which have done well so far, are safe going forward.
Jeff Macke says Jose can stay long with the index funds because he’s an investor and not just a trader.
It also wouldn’t hurt to look at some ETFs that specialize in certain sectors of the market, Eric Bolling says. He likes the Oil Services HOLDRS (OIH) ETF – oil is still going higher, he says, and it’s a “great place to have some money.” Pete Najarian agrees – the oil services sector is on fire and, as an investor, Jose is in the “right spot” with his current holdings.
“No trading advice from me,” Guy Adami says. “Just get home safely.”
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Trader disclosure: On July 24th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (JWN), Bolling Owns (BP), (T), (XOM), Gold, Silver, Copper, Platinum