Socially Responsible Investments

Money is a socially taboo topic that people do not directly talk to with their friends or relatives. Discussing salary or the amount in a personal savings or checking accounts may feel intrusive. Investments are a safe common ground in social circles. People often like to share which industries or specific company stocks have been financially beneficial. Investing does not have to be a future goal that will be reached someday. Scheduling an appointment or starting an account online is a great way to start achieving personal investment goals. Here are a few benefits of selecting socially responsible investments.

Most people want to be responsible with any money they have amassed from working, returns on other investments, or from an inheritance. Investments that are suggested by friends or even a traditional financial advisor may be unsettling. Companies with a great return on investment may be clouded in scandalous affairs or be involved with questionable business practices. Knowing how companies use profits and how their business affects the local community is important.

Investors can choose socially responsible investments that show personal values. Companies that are ethical in their business practices and the community can be chosen. Work with the socially responsible investor to uncover which areas are of interest. Putting resources behind a social issue that we care about gives further purpose to investing. If finding a cause to support is challenging, think about how both time and money has been spent during life. This could be favorite topics in books or podcasts, charity events, or when help was received without the expectation of return payment.

Individuals who care deeply about the environment can invest in a group of businesses that sell alternative forms of energy. Companies who give back to a certain neighborhood or city may have well-defined conservation efforts or preserve historical buildings. Support small businesses by selecting socially responsible investment opportunities for minority-owned businesses.

The advisor can hand select each stock or use a mutual funds with a group of similar socially responsible investments. The socially responsible investment advisor will discuss the different ways to fund the account and break down fees. These fees may be billed annually, quarterly, or monthly depending on the investment firm.

It takes a few minutes to create an online account or schedule a phone appointment. Consider working closely with the advisor to perform all the necessary research and start the investment account. 


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