Money Talk!

A year back when oil prices were soaring, everyone from presidential candidates to average joe were talking about alternative energy and how to come up with less dependence on foreign oil. This lead to the boom in new funds and etf offering alternative energy investment.

Mortgage mess not only dragged entire stock market, each and every sector, it also pushed oil prices far below 2004 level. Now once more alternative energy and stocks are in back burner.
BUT, it may be one of the best times to wet your feet into this sector. There are bunch of offering starting from clean energy, alternative energy, solar, green, wind etc.

• The New Alternative Fund, Symbol NALFX, began 1982: investments in a variety of companies focusing on renewable energy sources, as well as interests in companies focusing on energy conservation and environmental protection

• The Guinness Atkinson Global Energy Fund, symbol GAAEX, began 2006: The fund invests in global companies that “derive more than 50 percent of their revenue from alternative energy or alternative energy technology.

• PBW is a Power share ETF that holds companies in the "business of the advancement of cleaner energy and conservation

• The Winslow Green Solutions Fund, WGSLX. It expects to invest globally in companies of varying sizes that provide green solutions. Winslow defines green solutions as products or services that reduce resource consumption; decrease pollution such as climate-changing greenhouse gases, or contribute to natural and sustainable nutrition and health