Originally published on 10/1 2024
ESGFIRE returns since 2018: + 1000 %
ESGFIRE returns 2023: – 10 %
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ESGFIRE is a Swedish investment company and research firm that focuses on companies with either an environmentally friendly service or product. ESGFIRE has a performance record of over 1000 % returns since 2018. By only investing in environmentally friendly companies, ESGFIRE have outperformed the major indexes for several years. We have a track record of over 1100 % returns since 2018 using our own proven method of identifying high potential ESG companies.
Main Portfolio top picks for 2024
Year end comment for 2023 and outlook for 2024.
As we’ve , very self-critically, pointed out ESGFIRE made a huge understatement on how big of an impact rate hikes would have on the portfolio. Seeing as rates atleast for the time being do not appear to be going any higher and most actually expect rates to come down significantly in 2024 we think markets soon can go back to focusing on company fundamentals instead of stocks being put under pressure and funds being moved into bonds at first sight of any additional hikes due to higher interest rates.
At the moment we also see a bullish signal in the CNN fear and greed index where the current sentiment points at greed.
In our opinion 2024 should prove to be a turning point for stocks and especially for ESG stocks in general .
The portfolio remains 100 % invested at this point.
The stock price development above was calculated by taking the opening price at the first day of the month and the closing price at the last day of the month.
This post is based upon reliable sources, namely regulated press releases from the company, as referred to above. Nevertheless, this post may contain interpretations, estimates, or opinions of the authors, or other non-factual information. If that is the case, this is continuously stated above. Furthermore, any projections, forecasts, or similar are explicitly stated as such. These projections, forecasts, or similar have been conducted based on EV/SALES multiple calculations.
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may impact the content on the website. Because of the above, ESG Fire urges the visitors to always analyze all the posts critically in an objective manner, e.g., concerning the reliability of the relevant source and of what constitutes the authors’ personal interpretations. The visitor is hereby reminded that the post does, as set forth in the Post, contain interpretations, estimates, or opinions of the authors. This post was written by Filip Erhardt , at ESGFIRE , published at January 10th, 2024.
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