What alternative energy ETFs should I buy?
May 16th, 2009
I'm not confident with my abilities to invest in individual stocks and thought an ETF would be a good option. Would an alternative energy ETF be a good investment now? Any recommendations for which ones? Thanks.
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Here is a list of all alternative energy ETFs with some description of each.
http://etf.stock-encyclopedia.com/category/alternative-energy.html
But I'm not so sure that alternative energy investments would bring good profits. Alternative energy might help the economy in general by keeping energy costs down and decreasing pollution. But in terms of making profits, I don't see it as a big money-maker.
In most cases, it's cheaper to extract oil and gas from the ground than to produce alternative energy. And even when the oil runs out, every country and every company will be free to get into the alternative energy business. And when there is a lot of competition. Then profit margins are unlikely to be high.
TAN
You could go with TAN for solar, FAN for wind or any of these others…
http://seekingalpha.com/article/36094-the-green-investor-choosing-an-alternative-energy-etf