How to Invest in Foreign Oil

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Investing in foreign oil can generate a great deal of profit, but investing in a mutual fund that specializes in energy can generate profit from oil, drilling, domestic and foreign oil as well as alternative energy. Diversify an oil stock portfolio with investing advice from a certified financial planner in this free video on personal finance.

Part of the Video Series: Investing Information
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Video Transcript

Foreign oil can mean big money for most people. Look at gas prices today. They have continued to rise and there is somebody making money. Do you want to get in on the benefit? One of the best ways to consider investing in foreign oil is to consider looking at an exchange traded fund or a mutual fund that specializes in energy. Energy can mean lots of different things. It can mean oil, oil drilling, foreign oil, domestic oil. It can mean solar and natural gas and a variety of other ways that energy is generated. One of the benefits to investing in a diversified fund that specializes in energy is that you are spreading your risks among lots of different areas rather than putting all of your eggs into one basket to speak. By investing in a diversified fund that specializes in energy you are going to be taking advantage of advances in new types of alternative energy as well as the rise of price in some of our more traditional types of energy. It is important to consider that if you are interested in foreign oil that you make sure that the holdings within those funds include international holdings as well as those housed in the United States. This gives you an international approach to investing which is very important in your diversification process.

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