Today?s hottest investing trend. More than ever, people want their money investments to reflect their personal or political leanings. But how do they find out which companies are ?socially responsible?? Do these ?green? investments perform as well as traditional investments? How can they protect themselves from mutual funds or 401Ks that are managed without the future in mind? All these questions and more are answered by an international expert who founded the SRI World Group, o…
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You have to be a complete idiot to even consider wasting your hard earned money on “socially responsible investing.” Is that too harsh a statement? Consider this: According to financial analyst Henry Blodget, writing in Atlantic Monthly (October 2007), if you had invested $1,000 in the S&P 500 in 1957, you would have ended up with $124,000 in 2003. However, if you had invested the same $1,000 in just the stock of Philip Morris, you would have ended up with $4.6 million. So if the purpose of investing is to make money, excluding Philip Morris from your portfolio would have been totally irrational. Social investing is a marketing ploy pitched to guilty baby boomers, trying to convince them that that they can make money and feel good too! Here’s a better idea: Get the best return you can from your investments and use the proceeds to make a contribution to the charity of your choice. And what’s more, you’ll get a tax deduction.