What's a good choice for investing in sustainable technology?

[lvx35]

I've got about $1000 I want to put in something like a mutual fund, but one that focuses on investments in sustainable technology. Has anybody heard of any good options? Thanks.

[TheMadMonk]

1. Spend it on yourself.

More insulation. Double Glazing. Save up a bit more for a solar hot water service. Save every erg you can at home first.

And don't spend your return on frivolities. Not that you will see much, if predictions on prices are true. But at least you'll come closer to breaking even than others.

Still watch and compare your bills with (same time last year) and if you make a bit, put it aside for reinvestment.

[lvx35]

2. Interesting idea, thanks. nt

[pscot]

3. There are a couple of small funds

but they have high commissions and high initial investments. The technology is so new and so speculative that the fund business hasn't got a handle on it. Fidelity has a natural gas fund that looks really interesting, but I think you need $2500 to buy in. Put your money in a good money market fund. Add to it as you can, and educate yourself about the offerings from the big, no-commission houses like Vanguard and Fidelity. As noted economist Mick Jagger said, time is on your side.

[lvx35]

4. Cool, thanks.

Yeah, finding anything I can afford is tricky, but I think you probably have the right idea in building my money and educating myself. Thanks for your feedback.

[Kolesar]

5. Calvert Alternative Energy (CGAEX)

Yes, per Pscot, the fees are rather high. Then again, the fund managers may pick the terrific companies in this growth field.

I also like the first response of investing in weatherization and efficiency in your home.

http://www.calvert.com/alternativeenergy/globalalternativeenergyfund.html