INRG

Croeso69

maxsteam said:

Sally57 said:

INRG down another 5% today at around 975 from a year high of 1450. Is the bubble bursting on renewables or clean energy funds or is it a good time to invest? I personally have topped up my holding today. Any thoughts?

5% is not a huge swing if you are there for the long term. I hold RTZ which is down 9% today. Just looking at the chart of your fund without researching further, I would consider waiting for the chart to stop pointing downwards before buying. If you want to look at big swings (yes, it sometimes seems like a playground!), I bought some put options today for 5c and they expired minutes later at 78c. It's just as easy to lose money though. The A4 661 call options expired worthless. I need to be careful as the buzz from winning is much greater than the sigh from losing. It's easy to get carried away. 

The large drop in RTZ yesterday was partly due to going ex dividend and it was a very large dividend!

Voyager2002

Thrugelmir said:

Rhetorical questions.  How did you find this particular ETF and what due diligence/research did you undertake prior to investing in it?  How much of your personal decision to invest was swayed by positive media commentary regarding "new/green" energy stocks and an upward trending value? 

OK, I'll bite. About six years ago I decided to shifrt a fair chunk of my portfolio into green/renewable energy. Part of this was the US version of INRG, chosen on the strength of articles on the US site etf.com about the components of different ETFs in this space.

Earlier this year I decided that the prices had just got silly and so hold most of my holding at a profit of 225 per cent. I find it interesting that Greencoat Wind has also declined while The Renewable Infrastructure Group seems to have held its value: both are Investment Trusts traded in London (that I hold): Greencoat has a secure income derived solely from UK operations while TRIG is more diverse.

csgohan4

INRG is tanking badly, I'm selling mine, beyond my risk appetite now. I had high hopes for this , luckily it is a small loss and not a significant amount invested

Thrugelmir

Voyager2002 said:

Thrugelmir said:

Rhetorical questions.  How did you find this particular ETF and what due diligence/research did you undertake prior to investing in it?  How much of your personal decision to invest was swayed by positive media commentary regarding "new/green" energy stocks and an upward trending value? 

OK, I'll bite. About six years ago I decided to shifrt a fair chunk of my portfolio into green/renewable energy. Part of this was the US version of INRG, chosen on the strength of articles on the US site etf.com about the components of different ETFs in this space.

My question was asked rhetorically. Though six years ago was very different. Orsted wasn't even a listed company. Now it seems another company in the renewable space is listing on the market via an IPO almost every month. Competition is getting tougher. 

Moe_The_Bartender

Am I missing something here? INRG is basically an index tracker which tracks the biggest 30 clean energy businesses. If the stock price goes down, it merely reflects the decline in the basket of stocks that it holds.

virenque

Clean energy does the dirty on investors...

Voyager2002

virenque said:

Clean energy does the dirty on investors...

IMHO the fundamentals are sound, but valuations went crazy. At current corrected prices the sector is well worth holding.

MPN

csgohan4 said:

INRG is tanking badly, I'm selling mine, beyond my risk appetite now. I had high hopes for this , luckily it is a small loss and not a significant amount invested

IMO it’s never a good time to sell when a fund has lost so much in the share value. I would be tempted to hold on for a recovery even if it’s a partial recovery. The year high is 1457 and it’s currently at 894 so there’s scope for some improvement in the future.

Voyager2002

MPN said:

csgohan4 said:

INRG is tanking badly, I'm selling mine, beyond my risk appetite now. I had high hopes for this , luckily it is a small loss and not a significant amount invested

IMO it’s never a good time to sell when a fund has lost so much in the share value. I would be tempted to hold on for a recovery even if it’s a partial recovery. The year high is 1457 and it’s currently at 894 so there’s scope for some improvement in the future.

Past values tell you nothing about what it is likely to be worth in the future. Obviously there is a price at which buying (or holding if you have it already) is sensible: all we need to know is whether or not the price today is at or below that level.

Shocking_Blue

Wondered what members (updated) thoughts were on the future of INRG. This year's performance looks far from rosy. Am about 47% down on this, but would bail out now if it's had it's day as it's better than 67% down! Anyway, would be interested to see what the better informed think.