Houston, TX – Investment company EnergyFunders has teamed with the financial platform Rocket Dollar to allow its members to roll over a 401k or IRA to invest in oil and gas with EnergyFunders.
Rocket Dollar allows individuals to establish a self-directed 401k or IRA for alternative investments in assets such as oil and gas.
EnergyFunders partners with established oil and gas operators. Its team of experts in finance, law, and oil and gas vet each potential drilling investment. The company presents the top investments (and the accompanying financial, geological and legal data) on its platform. The platform is open to all accredited investors, who earn more than $200,000 per year or $300,000 per year jointly with their spouse for the past two years.
To date, EnergyFunders members have invested more than $9 million to fund oil and gas drilling projects. Last year, EnergyFunders distributed nearly three times the amount of production revenue to investors than the year before. This year, the platform saw its fastest raise to date, funding a $500,000 project with Houston Energy in 12 days.
“We’re excited to present more ways to invest in oil and gas with EnergyFunders,” said Casey Minshew, CEO of EnergyFunders. “We own a share in the well, just like our investors, so we’re focused on presenting top-tier opportunities for investors.”
Founded in 2018, Rocket Dollar allows individuals to use their retirement funds to invest in the assets best suited to meet their retirement needs. It aims to give people investment options as they work towards the retirement they envision for themselves.