Roth Ira in oil stocks?

Hi i'm 23 years old. Would it wise to max out this years roth in XOM or CVX? or just go for a vanguard mutal fund? I personally think oil will never go down.

What does the R stand for? It may not be extremely wise to as the saying goes to "Put all you eggs in one basket." After all it is your retirement funds you are dealing with. Certainly a wise move might be to place a portion in XOM or CVX, maybe up to 15 to 20%, but supposing congress decides to pass a windfall profits tax for example. It has happened in the past. These would suddenly become much less attractive. Alberta just raised the taxes on oil and certain oil companies operating there are suddenly much less attractive. The Vanguard Global Equity fund would be a much more diverse way to invest ones retirement funds. Oil does make up a large portion of this funds holdings. Shell and Marathon are two of its largest holdings.

If you think oil will never go down than why u asking?

Major recession comes and poof, oil plummets.
Alternative energy becomes more cost effective, oil plummets.

Why not spread your risk around instead of putting all eggs in the oil basket.

Since you are only 23, oil stocks might make sense for a few years, but if you think about it logically, we're going to RUN OUT of oil before too long, so don't miss out on growth in whatever will replace it!

In your 20s, you should be heavily into growth stocks to maximize your potential return. Oil & gas are mature industries that have SOME growth left in them for sure, but it is limited by definition.

I'd go with Chevron, soon they will be tapping into their significant Gulf find.

NO ...it would not "be wise" at all. For all the above reasons, you would be much, much wiser to spread yourself over about three sectors not ONE. I'll even go along with whoever mentioned " alternative energy"...get a little PBW or GEX ( alt engy ETF's)...and DEFINITELY get " international" for the next few years ( either the Int Equity fund mentioned above or FEMKX...riskier, but nowhere near as risky as " only oil" ).
THEN get yourself an energy stock, fund or ETF.
T.Boone Pickens ( one of the biggest of the Big Oil Men in the U.S. recently just hedged HIS bets with CLNE ( a nat gas fuel play). He knows a thing or two. Now you do , too.