If you aren't a socially responsible investor, does this explicitly imply that you have become an irresponsible investor? LOL. When I first saw socially responsible funds hit the market, most of the initial strategies were fairly straightforward. Avoid the "sin" stocks such as alcohol, tobacco, and gambling.
What you need to know today is that socially responsible investing has taken on an entirely different meaning in today's investing world. You've got mutual funds today that invest in undervalued equity securities of large-cap companies with outstanding workplaces. You have funds that invest in common stocks and foreign stocks where investment decisions are made in accordance with Islamic principles. There are others that will address the ecological risks and opportunities of the investment process for the 21st century.
My point behind this is that like any other investment you would make with your money, it is incumbent upon you to do the due diligence to determine whether the fund matches both your investment objectives and in addition your social objectives. Socially responsible no longer just means going green and avoiding sin stocks so do your homework.
Written by: Ted Jenkin
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