Investing greenstocks

Published on September 30th, 2008 | by Reenita Malhotra

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Is Your Money Safe Where It Is? What About Green Stocks?

Everyone is petrified of losing money in this crazy whirlwind of stock market yo-yo-ing lately. The fall of Lehman brothers has offset a downward spiral not just for financial stocks, but for stocks in general. The Dow Jones dropped 777 points today, creating a historical record.

The good news is that according to Ron Lieber, NYTimes money guru, some investments might just be safe. “Banks like HSBC Direct and Capital One are offering online savings accounts paying more than 3 percent,” says Lieber. “These accounts have all the normal Federal Deposit Insurance Corporation protections of at least $100,000. Also, the Treasury Department is currently insuring investors who had holdings in money market mutual funds as of Sept. 19, as long as the fund company pays to participate.” (NYTimes.com: Your Money, September 29 2008)

The bad news is that when it comes to investing in stocks….or wondering which stocks are going to hold up…well this is the big question that everyone is asking.

Now more than ever before, might be the time to think green when it comes to your investment strategy. The U.S. Senate has just passed extensions of crucial renewable energy investment tax credits and benefits for green tech:

  • Tax credit worth up to $7,500 for buyers of plug-in electric cars
  • Solar projects qualify for a 30% investment tax credit through 201

Where will you put your money?

Related stories:

A green credit crunch?

Is my money safe? And other questions to ask

To Bailout or Not to Bailout: Is Free Market Economics Sustainable?

Death of Wall Street, Rise of Main Street

Financial Crisis: What Will The Collapse of Investment Banking Mean for CSR?

From Mortgage to Bailout: How Did The Problem Arise?

Bailout Rejected: Will Free Market Economics Sustain Us After All?





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About the Author

Reenita Malhotra Hora is an Ayurveda clinician, entrepreneur, writer and mom. Her experience has ranged from running Ayoma, an Ayurveda business to running a natural health practice at San Francisco's California Pacific Medical Center. Reenita is a published author of two books books about health and wellness: ‘Ayurveda - the Natural Medicine of India’ and ‘Inner Beauty’. She is also the Editor for Green Options Media's business blogs and a freelance writer for a variety of print and web publications. In quieter moments, she likes to spend her time hiking, swimming the warm seas, cooking with the family or writing fantasy fiction adventure stories for kids from from 2 to 92. Check out her wisdom at www.reenita.com



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