Survey: Do You Invest in Green Businesses?
by Lloyd Alter, Toronto on 02.20.08
There is a lot of talk around the TreeHugger virtual water cooler these days about the merits of green and ethical investing. The timing might be a bit off, what with stocks falling off a cliff, housing in turmoil and oil over a hundred bucks a barrel, but such crises often beget opportunities. It is tough, too; even Richard Branson can make mistakes and now regrets his investments in ethanol.
I do two things: my IRA is invested in companies whose business practices I agree with ethically (to add "green" feels redundant) and I have a stash of cash.
These are uncertain times, my friend.
Firms like FSLR have P/E of 230X. There is more than ample money in them already. Many of the good growth firms are private equity. The message is clear, they don't need my money.
As someone who has been following the green investing movement for decades, you and your readers might find my site -- which covers all the latest global green and socially responsible investing news and research, useful. It's at www.investingforthesoul.com
Best wishes, Ron Robins
My investments are more about avoiding "bad" companies.
Investing in companys that produce proffitable merchandise is a priority. If they are green that is even better! I think because of the rising of energy prices, green is going to be the next big thing to invest in.