A great option for investing in the oil services industry

January 30th, 2008 by admin

With the current energy shortage that is reported to be affecting the price of energy I have been investigating ways that I can invest to take advantage of the rising prices. I could purchase futures or options but have not been comfortable with the risks associated with these investment vehicles. I could also purchase a fund but the entry and exit fees are somewhat higher which is not really suitable for short term trades. Recently I read an article about exchange traded funds. These are baskets of stocks, such as energy stocks which can be bought and sold on the exchange. I like the idea of buying an oil services etf to gain exposure to companies that benefit from services associated with oil. These ETF’s trade on the US exchange and can be purchase through an online brokerage account.

Posted in Business