Car Salesman Puts Entire 401K In Clean Tech
Grant Williams is the sales manager for a Chevy dealer. He noticed that his customers were looking for hybrid cars. So he invested his entire 401K, which was $10,000, in A123, the lithium-ion battery maker and clean-tech darling that went public on September 24. So far his investment is under water -- he bought the stock at $23 and it's trading now at around $19. But that's OK, at least for now, because his other 401K -- $300,000 in all -- is in solar stocks, some of them Chinese solar stocks, which he felt "had a better opportunity for growth." All of those investments are up since last spring, some by over 100%. On paper he's made $100,000 so far, but he says he's invested for the long term. "I've put it all on number one to win," he said. "I'll either do well or be in trouble."
