What’s it like to invest in green energy shares for your child?
I want to prepare for harder times to come (especially with regard to the energy crisis fueled by the war in Ukraine, and the climate crisis), so that my son has a nest egg to fall back on when he needs it in about twenty years from now — be it to buy his first car, an apartment, study abroad, or finance a wedding, whatever will be the case at that time in his life. I’ll also be retired by then, so I won’t be able to finance big expenditures for him; thus, he will need some savings to stand on his own feet by then.
Therefore, this mommy invests in green energy for Lyons Cub.
My son has two shares accounts, one with Fidelity in his birth country, the U.S., and one with Flatex in Germany. Last year, in the height of the pandemic, he was invested in health care shares and lithium. Mommy sold her BNTX stock and paid off her car, which is great, because now, we have lower monthly costs (and can go out more, for example to the indoor playgrounds GeckoFun, Hoplop, and Oki Doki!! Those cost about EUR 20.00 per day for two to three people, including food, so we can only afford them regularly on the weekends when we cut back on other monthly expenses).
Let’s see how his lithium shares perfom today:
He has 27 shares of ALLKEM Ltd. in his account, and made a gain of EUR 70.69. We sold the lithium shares by other companies when they were high and started to fall, and bought different stocks. They have fallen more in the meantime. His gains are 35.23%, which is great. I expect lithium to stay strong in the market and even gain a momentum, because lithium is needed for batteries, which are needed for green energy, so… it’s a no-brainer.
His health care shares are in the red numbers, so we are not selling them. Instead, we are waiting until BioNTech comes out with its MRNA-based cancer vaccine and expect the share price to rise then. They are already in phase 2 of clinical trials for MRNA-based vaccines for advanced melanoma. Since we sold most of our BNTX shares to invest in different stocks or pay off running costs, Lyons Cub has only two BNTX shares left in his shares account. We bought them for EUR 373.25 (I thought I had bought the dip, but they dipped further), and they are worth only EUR 291.05 now, so he made a loss of EUR 82.20 (which is 22.02%). We’ll just patiently hold on to them until there are positive news about BioNTech, and then, we will sell them. It’s important to keep a cool head and avoid emotions when dealing in shares. Sometimes, they will fall into the minus, and then, we won’t sell them hastily, because we would make a loss. We’ll just stay cool and wait it out. We didn’t invest a fortune, so we will survive 😉 It’s just a minor’s account; peanuts of our “play money” that I got through odd jobs, such as proofreading papers and affiliate marketing.
This year, I bought STEM shares for Lyons Cub. So far, he has 19 STEM shares in his Flatex account, and he made a gain of EUR 73.66. Lyons Cub’s STEM shares are only about EUR 10 a piece, so it doesn’t hurt to invest pocket money in them. This will be a long-term investment, because once our other energy shares (gas, oil, raw materials that are not green) will become obsolete, because most energy will be gained the sustainable way, we expect the STEM share price to rise even more.
I strongly believe green energy is in the coming. We’ll know in a few years if this mommy was right.
Disclaimer: This is not a call to buy shares, nor is this a sponsored post; it is merely a narrative of how I invested in green energy shares to secure my son’s financial future. It doesn’t mean you have to do the same, and I am not giving investment advice. I’m a novice at that and just follow my gut (and the news). I’m also not getting anything for writing down my personal experiences. Trading is risky. Never invest more than you are able and willing to lose.