How to Invest in Hydrogen Producers
Investors who want to diversify their holdings and take a stake in the future of energy production may want to take a look at companies that produce hydrogen and hydrogen fuel cells. This alternative energy technology has already shown a great deal of promise, and many investors are betting that hydrogen technology will revolutionize the way we drive in the future.
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Instructions
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Open an account at a brokerage firm or mutual fund company. When contacting the company, be sure to ask about brokerage fees, account maintenance fees and any other charges you may be subject to. By shopping around you should be able to get your trading costs down to less than $10 per trade.
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Complete the application form needed to open the account. Many brokerage firms make these forms available online, while others will require investors to complete a paper form and mail it back. Be sure to include all requested information, including your name, address, phone number and Social Security or tax identification number.
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Use the stock screening tools provided by the brokerage firm to find stocks that fit your investment criteria. Many brokers provide stock screening tools that allow investors to search on a number of different criteria, including the type of industry, the price of the stock and any dividend yield. These screening tools are an excellent way to find stocks involved in the hydrogen industry.
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Check out stocks of mainstream energy companies as well as pure hydrogen plays. Many oil and natural gas companies have begun to include hydrogen production in their portfolios, and investing in those established companies can be a smart way to invest in alternative energy.
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Look for mutual funds that invest in alternative energy. There are a number of mutual funds and exchange-traded funds devoted to the alternative energy arena, and many of these funds have a strong stake in hydrogen producers. Request a copy of the latest annual report to see a list of the mutual fund's holdings.
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References
- Photo Credit energy image by kenny woodruff from Fotolia.com
