Can You Do Well AND Do Good?
Debra Pappler: “I live overseas (Tokyo) and want to invest in some kind of environmentally friendly / sustainable future mutual fund, the kind you see ads for in UTNE Reader and the like. I’ve gotten the prospectuses from couple of places but I wasn’t happy with their fees. Do you have any recommendations? I hope that making money and being good to the environment aren’t mutually exclusive.”
My own feeling is that this is sort of like recycling in a community where the garbage is later just all thrown together. It makes you feel good, and you WANT to help … but recycling (in such a circumstance) really doesn’t.
That is, I’d invest for best results (which usually means finding an index fund or two with really low annual expenses); then give some of those results to worthy environmental causes.
That said, you could do worse than to check out http://www.citizensfunds.com/ . At least in recent years, socially responsible investing has been a good strategy for high performance, because the most forward-looking companies, socially, tend also to be forward-looking in other respects as well.
Viva la France. Happy birthday, Duncan.
Quote of the Day
We've forgotten all the sacrifices that the people who've gone before us made to give us this wonderful life that we have. We accept it; we take it for granted; we think it's our birthright. The facts are, it's precious, it's fragile -- it can disappear.
~Ross Perot, 1988Search
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