How to invest in eco-friendly stocks: Trading in stocks and shares sounds daunting and a little juxtaposed to an eco-friendly lifestyle. However, plenty of environmentally friendly companies and commodities are able to be traded. Stock trading can be environmentally friendly – it just depends on what you invest in. You can learn how to invest in eco-friendly stocks online. Here are a few tips to inspire your potential financial adventures…
Do your research: Just like with any other new adventure- with stocks and shares, you have to do your research before you make any decisions and start small. If you are investing in a company, then you need to look into its past financial history. Is it on an upward trend, or has it already plateaued? Does it have a history of healthy financial management? Does it have good leadership? Take a look at its annual report for the last year and see if you like how it is doing. Seek out expert financial and trading advice to make sure that you are trading from a position of knowledge.
Hammerstone Markets is a financial media platform that offers up to date information for professional traders. There are share tips and articles in the blog that you can take advantage of when making trading decisions.
A variety of eco-friendly companies: The term “green companies” covers a huge array of different sorts of businesses. For example, IKEA has been pushing sustainability in all areas of its business practices. The furniture is itself sourced from 50% sustainable foresters, and 100% of the cotton that it uses comes from farms that meet the Better Cotton standards. IKEA even uses solar energy to power over 700,000 of its stores around the world.
Another example of a green company that you can invest in is Adobe. It was voted the greenest company in a 2014 Newsweek ranking. It was a corporate leader in reducing its water usage during California’s drought and has generally been great at reducing its water consumption.
Alternative energy: It’s not just “green companies” that you can invest in, you can also invest in commodities such as alternative energy. How we fuel the various machines and transport that we rely on is a hugely important factor affecting the health of our environment. Renewable energy is only increasing in importance as the negative effects of fossil fuels become more severe and widespread. This means that more and more governments are going to become interested in investing in alternative energy. It’s the future!
There are plenty of exciting new energy sources to invest in, and they are becoming cheaper and more viable. Solar energy, hydroelectric power, wind energy, geothermal and hydrogen gas are all examples of clean energy that you can trade in, confident that you are making money through environmentally friendly means. For example, in May 2017, India cancelled its plans to build several coal-powered stations and instead opted for solar power because that was the cheaper option.
“Money is like water. It can be a conduit for commitment, a currency of love. Money moving in the direction of our highest commitments nourishes our world and ourselves. What you appreciate appreciates. Know the flow—take responsibility for the way your money moves in the world. Let your soul inform your money and your money express your soul” – Lynne Twist, Author of The Soul of Money: Transforming Your Relationship with Money and Life.
Stay fabulous
Christine