Remember the Beverly Hillbillies? The TV show where Jed Clampett struck oil? With oil prices continuing to rise, many investors are looking to invest their IRA in oil and gas related investments. There are several companies offering this as an opportunity for the self-directed IRA investor. Before you invest, make sure you do your due diligence like you would on any other investment.

Research the company.
- How long have they been in business?
- Who owns the operation?
- What are the costs to the company to drill for oil?
- What is the average return on the investment and for how long?

If you have never invested in a private placement or a limited partnership, seek professional advice before you do so. And finally, if you decide oil and gas makes sense to your portfolio, start with the shortest term possible with the bare minimum that the companies requires for investment. You too can strike oil…in your IRA that is! The Entrust Group (www.theentrustgroup.com) can provide more information on investing in a private placement with a self-directed IRA.

This entry was posted on Wednesday, June 4th, 2008 at 8:00 am and is filed under Self-Directed IRA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.