Green companies have a significant upside potential, but it requires a great deal of research to decide which companies will pay off in the long term. Find out why patience is necessary when investing in green energy companies with help from a registered financial consultant in this free video on investing and money management.
This is financial adviser Patrick Munro, talking about one of the best trends coming up, in this new world that we live in, investing in green companies. There's no doubt about it, with global warming being an existing phenomenon, that the companies that solve, in other words, make their technology green, in other words, environmentally sound. These companies have a huge outside potential. Investing in the green companies, is just like any other type of investing, you have to research the different types of green technology that are out there. It could be solar, it could be an alternative to fossil fuels, in that sense. It could be a different type of clothing that's out there, a different way to preserve water, and get rid of plastic drinking bottles. Whatever you feel is a good trend in green, you can invest in that company, for the long term, and the upside potential is significant, as the need goes forward. It's a very specialized form of investing, and you have to be prepared for a long term, to get the payback, but certainly a big upside. This is Patrick Munro, talking about how to invest in green companies.