Earlier this week, we made our final 2008 deposit into my Roth IRA. I had let the money accumulate in a money market all year, in anticipation of buying an ETF once I maxxed out the account (my plan is to buy one ETF per year, in order to minimize the amount I pay in commissions). I had been searching for a clean energy ETF, and have been researching them for some time. I looked up “clean energy etf” and read everything on the first two pages of google. I also referenced this site, which has some good info on mutual funds and exchange traded funds. By no means do I know everything there is to know about clean energy ETFs, but I know more than I did six months ago (that’s your disclaimer – make sure you do your own homework, and find the fund that works for you). I settled on Van Eck’s Market Vectors Global Alternative Energy ETF (GEX). I liked the focus on wind and solar energy, and I liked the level of US vs. foreign holdings (35% US companies – compared with PBW, which holds nearly all US companies, and PBD, which holds mostly foreign companies). So as of the opening bell tomorrow, I’ll own 115 shares of GEX. I love saving, and socking money away for retirement. But picking funds is not my favorite way to spend a day. Good thing I’m a buy and hold investor – I like only having to do this once a year. I also had $1800 sitting in my traditional IRA from contributions I made last year, and I used that money to buy shares in PowerShares Global Clean Energy (PBD). Now I can sit back and let them do their thing. I have no interest in timing the market. The money in my IRAs is there for the long haul, so I’m mostly ignoring the downward spiral that the stock market has been in this week. I figure that the whole landscape will look a lot different 30 years from now anyway. I’m just glad to have made my choices, bought my ETFs, and closed the book on my IRA for 2008.