Green investing: some people are saying that we’re at a tipping point in our culture wherein we have the opportunity and the will and the ways to radically change how we lead our lives–work and personal. The technology for green energy is evolving more rapidly than ever, local energy companies are beginning to offer alternative energy, car companies are offering greener models, WOM on tax advantages of energy wise alternatives is showing up in the mainstream.
All of this leads to some investing ideas that you might want to investigate. The mutual fund field for green investing is grouped under a larger category called “Socially Responsible Investing,” but that has usually indicated companies that have progressive approaches to people issues, not green issues. Still, for your consideration, here are some ideas re green mutual funds:
Winslow Green (WGGFX)
Parnassus funds (many to choose from)
Spectra Green (SPEGX)
Guinness Atkinson Alternative Energy (GAAEX)
Note that some of these are so new they don’t yet have a Morningstar rating but several do, and the ratings are certainly comparable (if not better) to other funds that actually invest in destructive industries. Check em out, give em a try.
car: 6 miles (3 tasks)
bike: 6 miles
electric hybrid bus: approx 14 miles