CAN YOU MAKE MONEY BUYING GREEN STOCKS?
More and more people seem to be getting a conscious now days and you can see the green movement taking off everywhere. Recycling has never been bigger as has talk of clean energy and clean everything. You see more ads on television,in newspapers, and in magazines about saving the environment than ever before. Going green is great but the question here is, should you convert your investing habits accordingly as well?
Many people want to “feel” good inside that they are doing the right thing and only investing their money in stocks of companies that are participating in this green movement. But there are many levels of participation so where do you draw the line.
You can look into how to buy stocks of companies that are directly inventing or perfecting technologies that will lead our world into a cleaner era. These would be companies that deal in wind power, sun power, electric cars, and any other newish technology that will be a benefit to generations to come. It seems that some of these stocks may be end up being big home runs and others might fail miserably.
Another option you have is buying stocks of companies that are changing things internally within their structure to save money and not waste as much as they once did. Adopting recycling programs and other measures to help the environment are a big trend in many organizations today.
Buying stocks of companies in the first group is easier to do and understand than the second group. New industries are easy to identify and you can then pick stocks of companies in that group. How though, do you figure out what your best bets are for investing in the second group? So many companies today will tell you that they are changing their ways that it is surely hard to determine who is really doing the best job.
It is great to want to save the environment but basing your investment decisions purely on what your heart is telling you may not be the best choice. Your small investment dollar is probably not going to make a lick of difference in the big scheme of things no matter who you invest in. My choice would be to pick the companies I feel will do the best no matter what they do or what business they are in.
There is no doubt that money can be made by investing in green stocks. However you are limiting your choices if that is the only group you have to choose from. It seems you might do more good by making sure that you change your ways around your house and do your best with saving gas, electricity, water, and adopt recycling.
