Date: Tue, 10 Jul 2007 09:49:46 -0500
From: "Jouup"
Newsgroups: misc.invest.financial-plan
Subject: possible to invest in an energy mutual fund with less than 25k
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situation: family with each member with either roth ira and conventional ira or just
roth ira but in each of the various types of ira accounts, they have balances below
25k individually
is there a fidelity or vanguard fund that allows them to invest in an energy fund with
just 10k balance(s) ? every one that I looked at appeared to require at least 25k to
invest.
also, related to this question is an employer retirement plan 401k. what is the method
to ask the plan administrator to make available an energy investment plan within the
401k? in calling the company HR dept, they have a plan counsel and toll-free service
for the banking institution that administers the plan but these people are not the
money plan makers and noone seems to know who that is. in other words, I can call up
the banking institution and ask anything about my investment selections or get
statements and make changes (which I can do online also) but these people have nothing
to do with the actual investment plans (ie. large cap fund, bond fund, etc.) and they
don't know who runs the plan choices yet the prospectus outlines clearly which
companies are used to run the components inside the 401k - these companies have no
contacts within our HR dept either.
reason, obviously, why I'm asking is that all types of energy is becoming more and
more expensive, with natural gas, oil, fuels, all becoming more expensive and it would
appear to be a sound position long-term to drop all savings into an energy fund or at
least a sizable chunk if possible
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