Socially-Responsible Investing?

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Anyone do it? Believe in it, yes or nay? I'm on the left myself, and keep coming back to the issue of which industries my investments are supporting. Some I don't favor -- nuclear power, weapons/defense manufacturers, other such things. Kind of rotten that way, in that saving money for your retirement necessitates funneling funds into these big, gambled funds. Though I realize many bonds, etc. are quite secure.

― Chris, Wednesday, 19 December 2001 01:00 (twenty-four years ago)

I'm wondering because I'm setting up 401(k) options here in the U.S. for the subsequent year, and specifically worried about percentage ratios -- I don't want to put all of my eggs in one basket, but definitely want a large portion of my check to go into the 'socially responsible' category. though I realize no fund is probably 'clean' in that kind of sense.

― Chris, Wednesday, 19 December 2001 01:00 (twenty-four years ago)

Something I might investigate if I had the time -- or the funds, you rich bastard. ;-) No, I tease -- my current savings are just sitting in a savings account, as said savings are meant to be used for a housing payment at some point (god knows when, though, my options when searching a few months ago were essentially dry and the market's gotten worse since). Smaller savings are tied into a UC retirement fund and a life insurance policy.

― Ned Raggett, Wednesday, 19 December 2001 01:00 (twenty-four years ago)

I originally thought this said "socially-responsible INVENTING" (which made me think of the Segway, etc.)...

― Phil, Wednesday, 19 December 2001 01:00 (twenty-four years ago)

HOT DOGS ARE ALWAYS A WINNER WHEN ITS TIME TO CHOMP ON AN INVESTMENT

― Mike Hanle y, Wednesday, 19 December 2001 01:00 (twenty-four years ago)

I think there are companies that offer mutual funds that are comprised of "socially conscious" companies. Some do fairly well compared to other funds.

― nickn, Wednesday, 19 December 2001 01:00 (twenty-four years ago)

Are you implying that investing in bonds is a way to avoid supporting the weapons/defense industry?!? "Socially conscious" investing is just a transparent yuppie marketing scheme. Capitalism is what it is; your money is just going into the system either way. Actual socially conscious investing is more commonly known as philanthropy.

― Kris, Wednesday, 19 December 2001 01:00 (twenty-four years ago)

If you're looking to invest in the UK, Chris, I know the Co-operative Bank run ethical Unit Trusts. But I know next to nothing about performance (or the companies they invest in, to be honest).

― Will, Thursday, 20 December 2001 01:00 (twenty-four years ago)

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