Energy, oil and gas IRAs are becoming quite popular with everyday investors looking for better ways to grow their retirement savings. The reason why these accounts are so popular is that they offer the accountholder a great opportunity to get invested in the energy industry, where returns are generally much higher than in most other industries. They also provide investors with a better opportunity to diversify their portfolios while remaining invested in the energy industry. Here are a few things that you need to know about the benefits of owning an energy, oil and gas IRA. Energy, oil and gas IRAs offer more return on your investment As an investor, one of the things that most people hate about contributing to an IRA is the relatively low rate of return they receive on their investment activity. As a matter of fact, it is this factor that drives financial planners to tell individuals to get started saving through a retirement account so quickly. An energy, oil and gas IRA opens up many new opportunities that offer a considerably larger rate of return in a much shorter period of time than other investments. The main driver behind this higher rate of return is the volatility of the energy market. Energy companies are constantly adjusting the cost of the energy they produce, making it possible for everyday investors to reap gains in their account nearly daily. Energy, gas and oil IRAs offer better diversity There are many different ways you can invest in the energy industry including purchasing shares of stock in energy producers, distributors, co-ops and more. You can also invest in energy refineries, companies that drill for oil, natural gas and other energy sources as well as buying up the land used in those activities. And this doesn’t even take into account all of the green energy initiatives and companies associated with producing and distributing those options. The list is nearly limitless. Because of the range of investment opportunities within the energy industry, ordinary investors can take advantage of a wide range of trends and options to increase their returns. This diversity not only helps increase the rate of return they can receive, but in providing them with greater protection against loss, which is crucial in an industry that experiences such high volatility. Of course, there are some downsides to all of the huge benefits that accompany opening an energy, gas and oil IRA. The main issue is the learning curve involved with investing successfully. Most people are not well versed in the ins and outs of the energy industry in terms of understanding how various parts and companies work together to bring the energy we use to the marketplace. This means that they are severely limited in their investment options and ultimately prevents them from being successful in this industry. However, there are a number of ways to overcome this obstacle and provide you with a pathway to the type of financial security for your retirement than you’ve only dreamed of.