Did you know that you can make environmentally friendly investment decisions? Increasingly, people are choosing investments not only on the profits they’ll likely get, but they’re also considering how environmentally friendly certain industries and companies are. In fact, the socially responsible investment movement has generated a variety of “green” mutual funds that focus on companies and technologies that are clean or environmentally sustainable. But, like any investment decision, make sure you do your homework first.
Some socially responsible funds only hold stock in companies that already have a proven track record, while other funds invest in companies so they can encourage it to become green. Make sure you’re investing in a fund that matches your goals. To learn more about socially responsible investing, talk with your financial planner or investment advisor.