Quote:
Originally Posted by RamCharger1985
Is this a good business to invest in, since going green has been the new fad for the last couple of years?
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If you want to make money and not gamble your money away, don't invest in fads. This is like the dot com bubble. 95% of these green energy companies will fail. Like Bill Gates said, "just because green energy is good does not neccessarily mean it's a good investment right now." There is no long-term previous data that would warrant any type of investment in these companies (unless you are trying to gamble with your money, which in that case expect to lose it all or you may get lucky and win the lottery). Another thing Bill Gates mentioned was that we know enough about these current "green companies" that most will fail and it will be a different type of energy that catapults us off our dependence on oil.
One thing I always say is, if you are going to speculate with your money then go to the casino. At least you get free drinks while you watch your money go down the drain. Invest in low debt, growth companies, that have grown substantially over a period of time and show no reason to stop growing. Once you find those few companies make sure you buy into them at an adequate price. A lot of money can be lost in buying a great company that you overpay for (if a company is priced at $20 why pay $60 for it? Unless, you believe it will grow that much over time and you plan on keeping it for decades).