Anyone into "green" investing?

Discussion in 'Community Discussion' started by foidulus, Feb 19, 2007.

  1. foidulus macrumors 6502a

    Joined:
    Jan 15, 2007
    #1
    With the recent launch of the Spectra Green fund(part of Bill Clinton's global initiative) I am interested to see if anyone here has tried any "green" investing? The goal of this fund it seems is to invest in socially responsible companies as well as companies that are researching alternative fuels etc. The minimum is only $500 for IRAs and whatnot, but the expense ratio is 1.25%, a bit too high for my tastes.

    Anyway, has anyone here ever done any (environmentally/socially) conscious investing? How did it work out? Any suggestions on funds/stocks?
     
  2. bob909bob macrumors member

    Joined:
    Oct 20, 2005
    #2
    I acutually was considering starting to invest in companies researching alternate/green fuel sources. Morally it seems like the right thing to do and I think it is also a smart investment from a financial point of view as well, assuming you do your homework and don't rush in blindly.
     
  3. Abstract macrumors Penryn

    Abstract

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    Dec 27, 2002
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    #3
    I've never heard of this, but it seems very cool.
     
  4. bob909bob macrumors member

    Joined:
    Oct 20, 2005
    #4
    Oh and also every time you buy a mac you support a green company. Macs are white to reflect sunlight :) . True story.
     
  5. miniConvert macrumors 68040

    miniConvert

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  6. jelloshotsrule macrumors G3

    jelloshotsrule

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    #6
  7. Poseidon macrumors regular

    Poseidon

    Joined:
    Feb 14, 2007
    Location:
    Coralville, IA
    #7
    Terrapass

    Not exactly an investment in the standard sense of the word, but I'm a member of Terrapass (terrapass.com).

    The idea behind this company is that your lifestyle contributes to global warming and consumes energy in a number of ways, usually through use of a car or home. To help offset this you can purchase a "pass" that offsets your energy consumption and C02 contributions;Terrapass uses your contribution to invest in clean and renewable energy sources and to purchase energy credits.

    The site itself does a much better job explaining it then me, so I'd encourage folks to check it out. I've purchases Terrapass's for both my home and car and it helps me feel a bit better about being a lazy, energy-sucking American. :rolleyes:

    [For those interested in joining I do have some 10% of coupons I'm happy to share.]
     
  8. Mammoth macrumors 6502a

    Mammoth

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    Nov 29, 2005
    Location:
    Canada
    #8
    Macs are white and glossy. Both white and glossy reflect heat. Dells are black and matte. Both absorb heat. :cool:
     
  9. psychofreak Retired

    psychofreak

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    May 16, 2006
    Location:
    London
    #9
    Blackbook?!
     
  10. bob909bob macrumors member

    Joined:
    Oct 20, 2005
    #10
    Apple made the black macbooks to test us morall and see if we were strong enough to put the enviroment fist. All mac users who bougt blackbooks failed Steve.
     
  11. bobscliff macrumors regular

    bobscliff

    Joined:
    Jul 25, 2005
    Location:
    Princeton, NJ
    #11
    I myself was looking into ethanol and other alternative energy companies. Unfortunately many of them aren't showing a lot of short term profit (predictable considering the support our govt. gives them here in the states). If they're going to succeed they're going to need govt. subsidies. If anyone has any success stories though please share.
     
  12. spikespike macrumors member

    Joined:
    Nov 15, 2007
    #12
    Agreed. Theres a big difference between the two. One involves divesting from Sudan, the other involves investing in solar panels.
     

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