Feb 28 2010
Is Investing In Green Stocks A Good Idea?
Today we gave guest post from Bruce here at the self sufficiency site. He makes some interesting points about investing in companies that are maybe more environmentally friendly. Many people have money invested in shares so do you think it is time to re-consider your portfolio to have maybe a slightly more environmentally friendly bias? Or do you think it would be harder to make money with a portfolio of this manner? Interesting to think about at the very least.
Wherever you go in the world now, you see evidence that it is going “green”. Whether you believe in global warming or not, you can’t escape the fact that recycling and protecting the environment is on the minds of many people and nations.
This leads one to wonder whether it is a good idea to move your stock investments to those companies that are environmentally friendly? When you are looking for the best stocks to buy right now in 2010, should you be concentrating on companies that are leading the way in this green movement?
There are two different types of people who might ask that question: those that just want to make money and hop on a hot trend and those people who are genuinely concerned about our environment and want to invest with a clear conscious. Those that want to invest with their heart might not care quite as much about making a profit as they are trying to reward environmentally friendly companies with their investment dollars.
Eco friendly stocks have been around for ages but you might want to clarify your intent before investing. Many major companies are now jumping on the green bandwagon and making efforts to go green, at least that is what they are saying. They might be ramping up their recycling efforts and doing any number of other things that may be helpful to saving energy and the environment. Are these the types of companies you want to find and invest in?
Your other choice would be to buy stocks in companies that are actually in the business of green technologies such as harnessing the sun, the wind, or any other kind of resource that will be an improvement over what we have. This type of company is leading the way and breaking new ground for a better, cleaner tomorrow. This type of stock is one that might have the most upward potential but it could also be a big bust if the technology never catches on.
If you are buying stocks for the first time and want to start out with either of these strategies, you can find all sorts of lists online of companies that fit each criterion. In fact, you will probably find so much material that it will be difficult for you to narrow down your best choices. But that is normal for the stock market as everyone has their own opinion and you can always find stock tips and recommendations wherever you go.
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