November 24, 2012

Investing in Clean Energy

Only viable with heavy government subsidies -- our tax dollars being used to prop up something that cannot stand on itself as economically viable. From Investopedia:
Do You Own one of the Worst ETFs of 2012?
As I noted in this recent column, exchange-traded funds (ETFs) that focus on homebuilders, biotechs and banks have been among the top domestic performers of 2012. Considering "a body in motion tends to say in motion," some of these ETFs may well extend their gains into 2013. Yet many investors are more inclined to focus on ETFs that lagged the market in 2012 to find upside. Dozens of ETFs rose only modestly, below the double-digit gains seen by the major averages. In fact, some of these funds fell in value, moving toward multi-year lows.

The biggest duds should come as no surprise: clean-energy stocks -- especially solar -- fell in 2011 and then tumbled sharply this year.
The "best" fund only lost 17.7% this year while the worst lost 42.7%. Wind? Don't make me laugh:
The same can be said for wind-power stocks. Key tax breaks for this industry may soon expire, pushing demand lower in 2013.
Uranium and Coal are the two winners here with Gold coming in third. These are also losing money but not nearly as much and the demand is increasing despite the progressives daemonization of these two resources. Makes me wonder where the Goracle has his money... Posted by DaveH at November 24, 2012 5:23 PM
Comments
Post a comment









Remember personal info?