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Level 6

Socially Responsible Investing

I have finally reached the point, at the age of 34, where I have the additional funds to try my hand at investing. I am very conscious when it comes to corporate social responsibility, and who I choose to spend my money with, but I am having a difficult time finding investment firms (with the exception of WealthSimple) that focus exclusively on socially and environmentally responsible investment options. Any recommendations would be greatly appreciated.
4 Replies
Level 18

Socially Responsible Investing


@BrentRobison85 wrote:
...I am having a difficult time finding investment firms (with the exception of WealthSimple)....

That firm charges management fees rather than commissions. What you most likely want is a low-commission (or no commission) broker and some "socially responsible" ETFs and/or mutual funds (aka SRIs). The links below will get you started.

 

https://www.bloomberg.com/graphics/2018-ten-funds-with-a-conscience/

 

https://money.usnews.com/investing/slideshows/7-of-the-best-socially-responsible-funds

 

https://www.kiplinger.com/article/investing/T041-C009-S002-7-great-socially-responsible-mutual-funds...

 

https://www.morningstar.com/articles/786061/finding-great-funds-that-have-top-sustainability-r.html

 

 

Level 8

Socially Responsible Investing

You have raised a very good question, and you are to be commended for wanting to be part of a solution.

 

It would appear from the links above that the Vanguard FTSE Total Index Fund (VFTSX) would be your most efficient, one fund answer.

 

If you like the idea of investing in alternative/clean energy, consider the following fund: Invesco WilderHill Clean Energy (PBW)
See https://investorplace.com/2019/05/5-clean-energy-etfs-to-buy-for-2019/

 

Finally, the above two market sectors should be part of a diversified portfolio. The easiest way to add diversity to your portfolio is Vanguard’s Total Market Index Fund (VTSMX), ETF symbol VTI. This fund covers all market sectors

 

Wishing you all the best of good buys,
Marketstar

Level 18

Socially Responsible Investing


@marketstar99 wrote:

Finally, the above two market sectors should be part of a diversified portfolio. The easiest way to add diversity to your portfolio is Vanguard’s Total Market Index Fund (VTSMX), ETF symbol VTI. This fund covers all market sectors


I hope you will agree that a diversified portfolio would typically include some fixed income investments as well, even if that percentage is relative small when compared to the equities held.

 

https://etfdb.com/themes/vanguard-bond-etfs/

Level 6

Socially Responsible Investing

Investment is a huge commitment that deals with a lot of money. Your hard-earned savings could all go down the drain should you channel them towards the wrong platform. It is best to consult a legit institution rather than doing your own research.