I expect green technology to keep progressing and the industry to continue to prosper especially in light of diminshing oil & gas supplies. For this reason I want to invest in shares of renewable companies. What would be the best way to do this though? I've done a bit of reading and seen the likes of Jupiter Green being mentioned which I assume is a unit trust and if that is the case then can I include this in a stocks & shares isa or am i getting hold of the wrong end of the stick here? Basically I want to invest 1K and see what that ends up as in a decades time but I want to do that as efficiently as possible, i.e. min fees and tax.
Buying into green technology
Jul 31, 2006
3 Replies
For 1k then an ISA (assuming you dont have any more to tuck away this tax year is good) - but only if it doesnt charge any extra fees for managing your ISA.
Also look at : Merrill Lynch New Energy Technology plc
Or you could take the plunge and just pick one company - but that is a lot more risky.
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It is a bit difficult because probably the major players in the future renewable energy market don't exist yet.
Very possibly, it could be whichever oil companies and electricity generating companies best manage to make the switch to renewables, plus a few companies that don't exist at the moment and come up with some new inventions which make renewables more commercially viable.
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