Jason from ie85.com mentioned that the BioDieselNow forums have a great thread on investing in biodiesel– with a list of stocks too.
Be sure to check it out if you are looking for information on possible biodiesel investments.
I don’t know much about any of them.
I have been researching biodiesel for about a year now and most of them were not around when I first started looking. I personally own shares of Green Star Products, but I originally bought shares last winter.
October 28th, 2005 at 12:41 pm
Just thought i’d mention that the company I’m with has been doing a lot of work for a new biodiesel company that has recently gone public itself, Earth Biofuels. It’s currently traded as MDWS, but I’m sure they’ll change the ticker and name accordingly very soon. I believe it is the only biodiesel company publicly traded in the US. I haven’t found any others in my search thus far at least.
I hope this adds to your research. http://www.earthbiofuels.net
I really like biofuels because they can help support American rural communities with refinery work, and farming demand.
October 28th, 2005 at 1:05 pm
Thanks for the feedback!
I posted a link to biodieselnow.com earlier, and that web site has a list of publicly traded biodiesel stocks.
I personally own shares of Green Star Products (GSPI.PK), another publicly traded biodiesel company, so there is at least one more out there.
November 9th, 2005 at 11:41 am
I am interested in biodiesel stocks, but know basically nothing about trading. I was considering using e-trade.com for some biodiesel stocks, but again don’t know what I would be getting myself into. Can anyone offer suggestions for a first time trader? Also, is it possible to invest for $100 or less?
Thanks in advance for any comments or suggestions.
November 10th, 2005 at 10:06 am
Jenny, you can buy stocks with many different brokerages. This includes E-trade, Scottrade, Sharebuilder, or Ameritrade. The most important factors are the minimum cost to open an account, the cost per trade, and the stock exchanges they allow you to buy from.
The minimum amount may vary depending on the company. I’m not sure if e-trade allows you to start with $100, but I’m pretty sure Sharebuilder does. One important thing to remember is that you pay every time you buy or sell stocks - so every time you trade it costs you money. If you plan on buying $100 worth of shares every month, you might spend $5-$10+ just making the trade. You might be better off saving up $500-$1000 before you open an account.
For example, my dad has an account with Scottrade but is not very computer savvy. The Scottrade account lets him walk into any office and make a trade, but they charge him $27 for that “feature” - although trades cost $7 via their web site.
November 26th, 2005 at 11:37 pm
Hi, Jenny!
I recommend buying a copy of Investing Demystified: A Self-Teaching Guide by Paul J. Lim (ISBN#0-07-144412-2). I made the leap to E-Trade after reading this book and it’s helped me tremendously to understand important intricacies of investing. The book will show you what to look for and what to avoid in stocks, bonds and mutual funds.
November 26th, 2005 at 11:45 pm
Zacks.com lists Earth Biofuels (EBOF) at $0.58 per share. Bummer–no other info except for the name on E-Trade. Maybe available through Ameritrade?