Ethical Investing and Why it Matters
Three Types of Investing Options for Sustainably-minded People
The word investing probably invokes a lot of feelings in you. Maybe you’re a Wall Street Bro that hears it and wants to dive straight into talking about day trading. Or maybe you want to hide under your bed and forget about the fact that you haven’t even contributed to your 401K, or even fully understand what it is.
Yeah, I get that.
Investing can be a daunting task. From mutual funds and IRAs to stocks and cryptocurrency, there are a lot of options. And when you combine that with the fact that many of these support companies you’re adamantly against, it can feel like a lost cause.
Whether you like it or not, investing is one of the quickest and easiest ways to help you reach your financial goals. With an average return of 10%, you have the ability to grow your money significantly, save for the future, and have something to impress your parents’ friends with when you go back home.
But investing often means putting your money in mutual funds that support some unsavory businesses — think gas and oil, tobacco, guns — that don’t align with your values. You still want to save for the future, but don’t want your money being used in that way. Is it possible to have your cake and eat it too?
