An update on the “New Mexico Stock Portfolio”

New Mexico’s legislative session is in full swing, but with far-left Democrats in firm control of all levers of power it is unlikely that New Mexicans will receive any significant broad-based tax relief. Instead, among many other things that will happen with the money, New Mexico will plan on subsidizing a few chosen businesses rather than helping New Mexico families and businesses in a substantive way.

That’s why we have come up with the “New Mexico portfolio.” That portfolio includes EBON solar, Maxeon (MAXN) solar, and Virgin Galactic (SPCE). It would be hard to come up with a worse group of stocks than the following. This data on stock returns is from Yahoo Finance and it was collected mid-day on February 12, 2025.

Rather than spending money on specific “chosen” businesses, the Rio Grande Foundation advocates creating a low tax rate economy with reasonable regulations and (hopefully) a prepared workforce. These three businesses have lousy rates of return no matter how you look at it.