35% gain from an etf in a month

AnotherJoe

EthicsGradient said:

Stargunner said:

I am invested in INRG - ishares global clean energy and it has gained over 35% in a month which is very unusual for an etf. Anyone know what the reason for this may be and whether it is likely to continue gaining at this pace. 

and renewable energy will do a lot better under Biden and a Democratic Congress:

As shown yesterday, up 8% now not only Biden has been confirmed but both houses Democrat. Related shares up the same. Tesla and Nio for example

SMT ought to go up today just off those.

More to come on INRG. Its not difficult, pretty much all new energy implementation over the foreseeable will be solar wind and batteries, and while Biden will give it a lift , its economics will drive it forward irrespective of whose in power. 

csgohan4

I got into INRG recently and already up 20% crazy, but this is not a speculative punt, it is long term and for diversification.  As Above, these are long term investments 5-10 years to weather out any dips. Will be a nice pension earner. 

I regret not going all in in October, but hindsight is wonderful and so many other stocks/funds I would love to have invested before they grew popular

AnotherJoe

mazibee said:

@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 journey.

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   )

There's a ton of folk who were going to buy Tesla and SMT after a pullback

Thing is, if its for the long term, worrying about the exact price today doesn't matter.

Will there be a pullback?  For sure. Will that be after a run up and so it will never drop below this level? I dont know, no one can. 

If you intend to hold it for ten years, it doesn't matter.  I've held Apple for more than 10 years, the price i bought for then is an irrelevance now.

The way i think about it is, over the next 20 years every single power station in the world will be replaced / upgraded by some combination of  wind, solar, geothermal, hydro and batteries. Thats a LOT of spending. So I hold a few specific stocks in that area but I dont know enough to cherry pick all the good ones (nor do I want to hold dozens of additional companies) so i hope an index (eg INRG) does the job for me amongst the rest i dont hold.  There are also active funds in the area but i dont follow them, but it might be worth checking those out also.  TBF I haven't done a recent comparison of INRG vs active companies. I would have done one when i bought but as its been doing OK I haven't looked recently. All boats are lifted by a rising tide as they say. Personally I'd prefer it if INRG didnt hold any fuel cell companies and maybe theres an active one out there that has the same attitude.

I did think about buying a battery company (IIRC no battery companies in INRG? ) but my one experience wasn't so great (BYD), and then i thought it would become a commodity but maybe we are ten+ years away from that being an issue. If LG Chem span off their battery business  (there are rumours) I might buy that.

So to go back to your original Q yes, I'd either buy back into INRG or an active investment in the same area,  and then forget about it for ten years.

Username999

AnotherJoe said:

I did think about buying a battery company (IIRC no battery companies in INRG? ) but my one experience wasn't so great (BYD), and then i thought it would become a commodity but maybe we are ten+ years away from that being an issue. If LG Chem span off their battery business  (there are rumours) I might buy that. 

You've got a "Battery" company.
Tesla.

Bobziz

AnotherJoe said:

mazibee said:

@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 journey.

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   )

There's a ton of folk who were going to buy Tesla and SMT after a pullback

Thing is, if its for the long term, worrying about the exact price today doesn't matter.

Will there be a pullback?  For sure. Will that be after a run up and so it will never drop below this level? I dont know, no one can. 

If you intend to hold it for ten years, it doesn't matter.  I've held Apple for more than 10 years, the price i bought for then is an irrelevance now.

The way i think about it is, over the next 20 years every single power station in the world will be replaced / upgraded by some combination of  wind, solar, geothermal, hydro and batteries. Thats a LOT of spending. So I hold a few specific stocks in that area but I dont know enough to cherry pick all the good ones (nor do I want to hold dozens of additional companies) so i hope an index (eg INRG) does the job for me amongst the rest i dont hold.  There are also active funds in the area but i dont follow them, but it might be worth checking those out also.  TBF I haven't done a recent comparison of INRG vs active companies. I would have done one when i bought but as its been doing OK I haven't looked recently. All boats are lifted by a rising tide as they say. Personally I'd prefer it if INRG didnt hold any fuel cell companies and maybe theres an active one out there that has the same attitude.

I did think about buying a battery company (IIRC no battery companies in INRG? ) but my one experience wasn't so great (BYD), and then i thought it would become a commodity but maybe we are ten+ years away from that being an issue. If LG Chem span off their battery business  (there are rumours) I might buy that.

So to go back to your original Q yes, I'd either buy back into INRG or an active investment in the same area,  and then forget about it for ten years.

INRG value has benefitted a fair bit from the inclusion of plug in the short term. Could work against it long term I guess though.

Moe_The_Bartender

Funds I like in the sector are:

VT Gravis Clean Energy Income - a fund of funds and a real steady Eddie
Ninety One Global Environment
FP Foresight Global Real Infrastructure - not exclusively clean energy but a good performer
Schroder ISF Global Energy Transition.

All have somewhat different approaches and you could hold them all without much overlap.

AnotherJoe

Username999 said:

AnotherJoe said:

I did think about buying a battery company (IIRC no battery companies in INRG? ) but my one experience wasn't so great (BYD), and then i thought it would become a commodity but maybe we are ten+ years away from that being an issue. If LG Chem span off their battery business  (there are rumours) I might buy that. 

You've got a "Battery" company.
Tesla.

Doh, good point ! But I did mean one that was only batteries. But maybe i shoudl just be content with Tesla LOL

AnotherJoe

Bobziz said:

AnotherJoe said:

mazibee said:

@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 journey.

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   )

There's a ton of folk who were going to buy Tesla and SMT after a pullback

Thing is, if its for the long term, worrying about the exact price today doesn't matter.

Will there be a pullback?  For sure. Will that be after a run up and so it will never drop below this level? I dont know, no one can. 

If you intend to hold it for ten years, it doesn't matter.  I've held Apple for more than 10 years, the price i bought for then is an irrelevance now.

The way i think about it is, over the next 20 years every single power station in the world will be replaced / upgraded by some combination of  wind, solar, geothermal, hydro and batteries. Thats a LOT of spending. So I hold a few specific stocks in that area but I dont know enough to cherry pick all the good ones (nor do I want to hold dozens of additional companies) so i hope an index (eg INRG) does the job for me amongst the rest i dont hold.  There are also active funds in the area but i dont follow them, but it might be worth checking those out also.  TBF I haven't done a recent comparison of INRG vs active companies. I would have done one when i bought but as its been doing OK I haven't looked recently. All boats are lifted by a rising tide as they say. Personally I'd prefer it if INRG didnt hold any fuel cell companies and maybe theres an active one out there that has the same attitude.

I did think about buying a battery company (IIRC no battery companies in INRG? ) but my one experience wasn't so great (BYD), and then i thought it would become a commodity but maybe we are ten+ years away from that being an issue. If LG Chem span off their battery business  (there are rumours) I might buy that.

So to go back to your original Q yes, I'd either buy back into INRG or an active investment in the same area,  and then forget about it for ten years.

INRG value has benefitted a fair bit from the inclusion of plug in the short term. Could work against it long term I guess though.

Yes I think that fuel cells are very limited use because of the continuous fall in battery prices and capability* so that even if viable for a type of use now, in 1,2  .. 5 years time they wont be.  They will have their uses, maybe trains, planes, ships, but is that big enough? Already not viable on cars , FC larger road vehicles  eg lorries or Semis as called in the US, looks like they will be killed by Tesla. But maybe there are enough niches they will work that I'm too pessimistic for them. And perhaps its best keeping some skin in the game so to speak.

* if solid state batteries ever come about in a big way, most seem to forget thats a death sentence for FC's.

Whereas for current transport using "conventional" Li batteries it just means longer range faster charge, not an existential challenge.

Thrugelmir

AnotherJoe said:

mazibee said:

@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 journey.

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   )

I did think about buying a battery company (IIRC no battery companies in INRG? ) 

Battery companies aren't clean. Nor are the majority of the major renewable energy players. As they are some years away from transitioning.  Hence why the ETF primarily has a US focus. The US lags well behind the renewable energy generating capacity of the UK . 

AnotherJoe

Thrugelmir said:

AnotherJoe said:

mazibee said:

@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 journey.

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   )

I did think about buying a battery company (IIRC no battery companies in INRG? )

Battery companies aren't clean. Nor are the majority of the major renewable energy players. As they are some years away from transitioning.  Hence why the ETF primarily has a US focus. The US lags well behind the renewable energy generating capacity of the UK . 

Maybe, maybe not. depends on numerous factors.

Likely good places to invest though.

That type of point about defining 'clean' reminds me of the people who bleat on about how EVs are bad because they have cobalt in them (all of it apparently made by child labour?) yet they dont suddenly stop using their petrol cars when informed that one of the major uses of cobalt is refining petrol.

Nor do they stop wearing their clothes created by a damn sight more child labour than ever makes up the minute fraction of cobalt thats a minute fraction of a  battery.