How to find Eco-Friendly Stocks

eco-friendly stocksIn the great world of investing, it can be tumultuous at best when trying to find the right stocks that align with your passions while also providing adequate returns when armed with limited knowledge. However, the task of locating eco-friendly stocks are not as hard you might think.

Thanks to the world of robo-investing, apps like Stash and Grow allow you to invest specifically in environmentally friendly funds with minimal costs. However, if you’d like to dig a little deeper on why a company is eco-friendly, the list below provides some good qualifications on who’s a good prospect versus who isn’t.

  • Is the company being considered green certified – LEED Certified – or have they started the process of getting certified?
  • Is the company environmentally knowledgeable, and do they use that knowledge in planning their company’s physical site?
  • Are they efficient in their overall energy use?
  • Do they produce goods sustainably, while reducing waste creation by using materials available locally?
  • Do they consciously avoid damaging the environment, and are conscious of the possible pollutants expelled with the use of non-environmentally friendly machinery and vehicles, and serve to limit this?
  • Are they aware of and working towards employing and maintaining fair employment practices?

With that said should you stumble upon a company that answers yes to most of these questions, then you can most definitely be assured they’re good prospects for the environmentally conscious investors. Just to be clear though, this list is not exhaustive as you can go ahead and add other criteria as you see fit.

One thing that’s done fairly quickly and requires you to have no prior training or knowledge is to search for your prospective company’s news feeds. Chances are if they’re aboard the environmental campaign, they’ll want to make this public knowledge and through your research you’ll see exactly what they’ve implemented, and plan to implement in the future.

Just keep in mind the best eco-friendly stocks to consider are those typically from companies that manufacture electronic and hybrid vehicles, wind and solar technology as well as produce organic products.

In addition to your own research, it might be helpful to seek professional help when it comes to deciding which companies to invest in. The robo-advisor Betterment has introduced Socially Responsible Investing (SRI) Portfolios that allow you to invest in funds that match your interests. They also allow you to chat with financial advisors via their app for extra guidance.

We all know Financial Advisors are paid well to help clients select appropriate stocks that will produce acceptable returns. However, Betterment provides their streamlined investing process with this extra guidance at no extra cost.

With their help and analysis, you’re more likely to be investing in funds that will align with your specific financial goals. This is a great way to feel good about where your money is invested.

Learn To Be A Day Trader

Day trading is an excellent way to make a living. You can avoid living in a gray cubicle in a thankless office job contributing to your retirement only via a 401k account, subject to silly requests from overbearing bosses and underperforming co-workers. You can achieve financial independence, in a comfortable home office, interacting with other traders in chat rooms that help you learn more about your industry and avoid living in isolation.

Chat rooms are a vital resource for day traders of all levels. You can learn in them as a novice day trader, absorbing the lingo and learning early tips and about hot stocks to watch. Chat rooms also provide a lifeline for veteran traders to keep up on news and new developments from traders around the world. The Internet allows ideas of all stripes to criss-cross the globe with an intense efficiency and day trading is no exception. Chat rooms are a great way for those ideas to gain credence. It is the way the world works now.

But becoming a profitable day trader is more than just hanging out in chat rooms. You need to spend time learning about day trading strategies from reputable day trading education sites. Warrior Trading is a great site to learn about the strategies that you need to approach each trading day. Momentum day trading strategies like gap and go are excellent for taking advantage of a volatile market. Gappers are stocks that are running higher in the morning pre-trading than they were at the end of the day before. Finding those gappers and seeing how they are about to break is part and parcel of the gap & go strategy.

Learning those strategies is very important to becoming a good day trader. Having a plan is how you need to begin every day and every trade. There is no substitute for a good plan. You need a base to work from and you need to learn how to make decisions in the moment.

Once you learn those strategies is when you begin to practice them in a controlled setting. Many traders learn by doing, which means they get thousands of hours of screen time, risking real, hard-earned savings in a unpredictable and complicated market. Paper trading allows you to get screen time in a simulated trading environment that allows trading in virtual currency. When you try the Warrior Trading simulator you will see that it trades at the speed of the market, offers Level II quotes and has advanced charting, just like the best platforms out there. The difference is that you won’t be risking real savings and you will be able to log screen time and make the mistakes necessary to learn how to trade.

Trading, at its essence, is all about being able to see patterns in real time. When you can predict what a trade is going to do, you can make some money. But you need to be cautious and prepared to lose at all times. Conservative risk management is the name of the game.