Picking a Mutual Fund… Alternative Energy?
So today, I finally decided that I plan on investing about $50 a month in a mutual fund. I am looking for an alternative energy/renewable fuels fund with companies like First Solar and BP. I need the fund to be mid growth and medium risk. I’m somewhat of a conservative when it comes to stock and funds.
I’m not sure yet if I plan to have this fund as part of my Roth IRA or possibly just as a regular mutual fund. I know the tax rate is a lot better if you have it in a Roth IRA due to the penalties if withdrawal.
I like a lot of the Vanguard Medium Growth funds that have all the oil companies in them, obviously.
I’m heading over to thestreet.com right now to check out the mutual funds. I anyone knows any good ones, let me know.
By the way, if anyone could look into WPKS.PK, The World Poker Store, I’d love your advice on that stock.
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Alternative Energy is the way to go now. There are so many options besides mutual funds. You could also get into an ETF, which is similar to a stock, but diversified like a mutual fund. There are many alternative energy ETFs that just came out at: http://www.paystolivegreen.com/2008/08/wise-new-financial-investments-in-alternative-energy-etfs/