The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This makes interesting reading. https://www.iea.org/reports/renewables-2020
My main concern is the very high valuation at inception of the ETF and the years at a low base that followed. Hopefully these are now more mature companies and we won't see a return to £4-5.
Stop looking so short term! Zoom out and look at the graph over 12 months. Yes I've also made a big recent paper loss - but I'm still up 28%. Look and hold for at least 6 months and you will look back as this as one of these blips caused buy wider market factors. This ETF will be back at 1350-1400 by July.
It's disappointing to watch such a huge drop on an ETF, hopefully they'll rebalance away from Plug Power as it seems too closely tied to its performance. Nursing a large loss on this but just have to accept that my timing was terrible. I'm so far in the red that the only thing I can do is forget it for a while. Might consider buying the dip if it can find some degree of stability.
Pretty tragic really, was thinking an ETF was a good idea, turns out spread the load over the industry was a bad idea at the moment, now forced to LTH just make up any losses, keep thinking " How much worst can it get" then I log in....oh much worse
1 Day NAV Change as of 04/Mar/2021
-0.53 (-3.74%)
Patience is word. Markets go up and down....... Renewable energy is a long term hold. This will go up but to get to 1400 again, it may take four plus months. Where else you going to go - the whole market is bearish at the moment.
I do hope so. I think the support could be around 930, but I'm not 100% sure.
Yes disappointing but we've been here before. This will rise again but slowly over the long term. The hype has now passed and the speculators are going elsewhere, so hopefully the day traders will let us long term holders get on with it!
I really hope so. At the moment I'm not sure why this is dropping at this rate.
Will the SP increase around summer when US announces green policies??
My average price is 1363, so I’m currently down 22%. Not fun, but I hope it recovers.
The bears believe the components of this fund are overvalued garbage and earnings will never catch up to its current price.
Surprised by the extent of the drop. It all seems to be sentiment driven as there are no big disasters in the big constituents of the ETF. Plug is down even more in early trading. I guess that's the danger of a thematic ETF. Hopefully we won't see years in the doldrums again, the climate crisis is getting worse, we need these companies.
It's the usual mad cycle of short term profit taking and then panic selling by others! Holding for the long term as I have been here before. Patience is the game here. A few months of recovery and this will be looked on as another blip.....
I hope so. A few of the green/EV ETF's have struggled since Christmas. Really unsure why this is dropping and where the bottom is.
This sell off has gone on longer than I expected. It's a pain people are so fickle. The price will recover slowly. Renewable energy is the future I have absolutely no doubt.
Looking at what happened he bought £25k, was worried when the price dropped. Sold some and then bought back in at a lower price. Should have just bought the dip and averaged down.
Yes agree it is weird... Guess some people like to make a few percent here and there, but also will make losses doing this. The only sure way is to hold for the long term and make big gains over several months. Clearly looking at the trade figures today it seems like a lot of small trades for small ups and downs..... Either this or the market makers are playing games!
Do people day-trade ETS's ? -- Wierd !
Totally agree. Day trading is the road to ruin. Hold these for at least a few months if you want small profits. Much better long term!
It's impossible to know if you buy something too high. I wouldn't try day trading an ETF, you'll drive yourself nuts. INRG has been swinging between 1400 and 1200 for the last few weeks .
I saved my self a 5% loss and brought back in at 1265p. This is the first time I have invested here. I feel I brought in too high in hindsight. This is something I will continue to load up over time.
Very short term profit and loss is a mugs game. Why sell 25k at a loss now?! Hold for the longer term. I've been adding over 14 months and even with the last few days, am up 74%. INRG will be at 1,500 once Biden's energy programme is established late summer.
Not sure I'd have taken a loss based on a morning's trading. The markets are skittish at the moment as there's a FED meeting later. There's been a lot of volatility over the last week or so. The boards are mainly blue at the moment, so people still seem to have confidence in INRG.
It seriously looks like people are either taking profits or there is some significant market force in play. Large drop, I am glad I sold my 25k holding this morning at a loss before the big drop.