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➤ continued, pg 10 Investing in the Energy Industry Williston Basin/Mid-North America Stock Fund Photo by Renae Mitchell - When it comes to making money in the oil patch, there's more than one way to do it. If you live in North Dakota, you might hope to win the geologic lottery by finding oil beneath your land. Or you might build a company that serves the oil industry. Then again, you might put some cash into stocks of companies that operate in North Dakota and oil regions in central US. When it comes to oil companies identified with the Bakken region and nearby, there are a grow- ing number. One of the first names that comes to mind is Continental Resources. A great company that's produced some impressive results. But, like everything in the oil patch, it has had its ups and downs. As measured by the stock market, the path of Continental Resources' stock has been erratic. However, for most investors who have had the in- testinal fortitude to handle the stomach-churning swings, they are ahead. On the other hand, most investors want less dra- ma in the performance of their investments. For investors who want to approach the oil patch a little more conservatively, there are good options. There are oil-oriented mutual funds. They offer in- vestors ways to spread the risk of the oil patch among allocations in 30 to 50 companies. Thus, in those somewhat diversified portfolios, investors are likely to experience less volatility. The price of these funds will move less sharply than the stock- price of a single company. Consider Us Your Home Away From Home, at the Candlewoo d Suites in Loveland Colorado. 6046 East Crossroads Blvd., Loveland, CO 80538 | 970-667-5444 A few basic facts first. A mutual fund is operated by an investment company that raises money from shareholders and invests in stocks, bonds, money market instruments and similar assets. Mutual funds offer investors the advantages of diversifi- cation and professional management. A manage- ment fee is charged for those services, typically between 0.5 percent and 2.0 percent of assets per year. Funds also levy other fees. Mutual funds come in many varieties. Some focus on high-risk stocks and high-risk industry sectors. Others seek low risk. In addition to risk, there is a seemingly endless list of categories, and the cat- egories cover an extraordinary range of criteria. Read online @ B A K K E N O I L B I Z . C O M / d i g i t a l - j o u r n a l 9 ➤ continued, pg 10 By: CHRIS BISCHOF

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