You generally don't read about these things in your local newspaper, but Ida did kill 32 in El Salvador, and could well temporarily affect oil prices.
-The last time I reported on my blog stock challenge was in August. At that time the value of the stocks I bought in November of last year, supplemented by my Ford and GM adventures in March and June of this year, were at 1.74, or valued at 74% more than my investment. Today, this "profit" is at 83%.
These were not particularly smart investment purchases, for I bought Lockheed Martin and Boeing because the former was pioneering the development of ocean thermal energy conversion and the latter had an interest in the hydrogen jetliner. I knew defense funds for hardware were going to be hard hit, but this challenge was mostly to encourage those firms involved with clean energy and sustainability in general. I also bought General Electric (because this company, amazingly enough, actually invented the modern wind energy conversion system, and is the leading American wind power manufacturer...but I recognized the terrible position their financial arm would be facing, and purchased anyway) and Microsoft (because I thought they would get involved with the smart grid and all the software also necessary for the new age of clean energy). Then, to balance the portfolio, I added Proshares Ultra Basic Materials, as renewable energy would need to use materials.
While there has been a general resurgence of interest in green energy, their stocks have been only so-so. Yet, with the Ford/GM (yes, including the bankrupt General Motors) additions, the average of all these buys showed a profit of 83%. Why? Brilliant investment plan? No. The smart strategy is to buy only when the market is down.-
Reference: battleforgreenearth.blogspot.com
