35% gain from an etf in a month

hoofy

And up almost 7% today.

Stargunner

Make that 7.5%. Maybe this etf earns inclusion in the speculative punt thread 😂

d63

Stargunner said:

Make that 7.5%. Maybe this etf earns inclusion in the speculative punt thread 😂

almost back to where it was at the end of  2007. a real rollercoaster with highs  ~1700, lows ~ 240, need nerves of steel to have held on to that

https://markets.ft.com/data/etfs/tearsheet/charts?s=INRG:LSE:GBX

Stargunner

d63 said

almost back to where it was at the end of  2007. a real rollercoaster with highs  ~1700, lows ~ 240, need nerves of steel to have held on to that

https://markets.ft.com/data/etfs/tearsheet/charts?s=INRG:LSE:GBX

I have only been invested in it since May last year so it has been a joy to just sit on what must be the worlds tallest rollercoaster as I am still on the way up

Cus

Lets hope clean energy solutions are the real deal this time round, and not just a dream idea /way to make a quick buck.

hoofy

Opened up another 7.5% this morning.

Tigerdan2020

Loving this etf, held since Nov and up 44% 

Bobziz

Interesting read:

https://www.bloomberg.com/news/articles/2021-01-06/the-10-ways-renewable-energy-s-boom-year-will-shape-2021

AnotherJoe

Audaxer said:

AnotherJoe said:

Moe_The_Bartender said:

I think it depends why you top slice. As a 71 year old in drawdown, I’m top slicing my better performing funds like Fundsmith and moving into wealth preservation trusts (Capital Gearing Trust and Personal Assets Trust). To me, it isn’t a question of moving a well performing fund into a worse one but a case of ensuring that my investments meet my objectives. That said, I think that Fundsmith has pretty good defensive qualities already.

i have about 2% in INRG and am pretty pleased with it.

Fair enough but that's not what I thought top slicing was.  Maybe I'm wrong. I thought it was simply reducing something simply because it's gone up a lot recently. 

I recently sold a lot of Apple, first because it was making up a ridiculous amount of my portfolio and second because I wanted the money for something. Whether that be a house  (my case) or different investment objectives (yours and mine) I'd call that more rebalancing. Note the OP just started out saying "it's gone up a lot so shall I sell some?" So my answers / understanding of top slicing is in that context. 

( and I say no because it's going to go up a lot more) 

How do you know it's going to go up a lot more? As dunstonh said above "Anything that goes up by that amount in a month can go down by that amount in a month."

I think it would make sense in a lot of cases to take the profit either for spending now or at a later date, or moving the profit to a less volatile investment like a wealth preservation fund. 

"know" ? No one can "know" but you can believe (for reasons*) because if you didnt believe it would go up, well, you wouldn't buy it would you? 

Any investment you buy ,you buy because you think it will go up !

As it happens, INRG price on 8 October price 959,  today 1426. Close to 50% up.

Will it go down again at some point. Almost for sure. Do I believe it will be substantially higher in 10 years?  Yep. If I didn't, I'd buy something else.

* which are obvious and i wont repeat here

mazibee

@AnotherJoe

I repent selling INRG which I bought 6 weeks ago. I have sold it Jan 5 with the view to buy it at the lower rates and it started its upward journe.

Do you recommend buying INRG at these levels or one should wait for a dip (I dont think think a dip will come in INRG   )