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Any clean energy funds (investing in companies like Tesla)
Thanks Ted. Both of the funds doesn't have TSLA. I was hoping to find a fund that has tesla. I have some play money 3K to play with. I thought I would invest and see.
Just my two cents but as Ted said, don't buy a fund because of one stock. If you have a strong feeling towards TSLA, buy the stock with personal money. I am also not a TSLA fan and as far as personal transportation goes I would look at companies that are developing autonomous driving. I think that is the bigger picture going forward.
The closest funds you may fund to what you're looking for are not clean energy funds, but clean company funds (funds that invest in companies that are "green"). A couple that do hold TSLA are Alger Green (SPEGX) and Shelton Green Alpha (NEXTX).
As appealing as the idea of clean energy companies appears, and despite the recent (read: one year) performance has been for the companies Ted has given, don't go by theoretical appeal or short term performance of these Johnny-come-latelies. I've checked in with what may be the granddaddy of funds in this niche periodically over many years - the 30+ year old New Alternatives (NALFX) fund. Like the funds Ted suggested, it too remains a 1* fund.
Alternative energy production technologies continue to improve, and solar panels are being deployed to power things like traffic lights. Nevertheless, widespread adoption still seems to be about as far off as ever. Having watched this for decades, I can say that that's a long horizon. Unfortunately.
Comments
Regards,
Ted
I was hoping to find a fund that has tesla. I have some play money 3K to play with. I thought I would invest and see.
thanks again
Regards,
Ted
Some alternative energy and green funds: ALTEX, GAAEX, CGAEX, PORTX, SPEGX, PGRNX
As appealing as the idea of clean energy companies appears, and despite the recent (read: one year) performance has been for the companies Ted has given, don't go by theoretical appeal or short term performance of these Johnny-come-latelies. I've checked in with what may be the granddaddy of funds in this niche periodically over many years - the 30+ year old New Alternatives (NALFX) fund. Like the funds Ted suggested, it too remains a 1* fund.
Alternative energy production technologies continue to improve, and solar panels are being deployed to power things like traffic lights. Nevertheless, widespread adoption still seems to be about as far off as ever. Having watched this for decades, I can say that that's a long horizon. Unfortunately.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/09/20130929_TSLA.jpg