This week, we’re talking about socially responsible investing, as well as it’s related cousin, ESG investing. Socially responsible and ESG investing mean a lot of different things to different people, but at its core, socially responsible investing is about determining your most important values, deciding if those values should dictate your investment decisions, and if so, how you can invest your money in a way that is consistent with your most important values. 

A better way to describe this concept then, is values-based investing.

So far this week, I’ve been helping you decide if this strategy makes sense and which values might dictate your investment decisions. Today, I want to explain 3 different ways you can invest your money in a way that’s consistent with your values. 

Let’s say for example that you don’t want to invest in any companies that support abortion. You’ll want to search for “anti-abortion investing” or “pro-life investing”. Just by using these types of search terms, you’ll be able to find several options. 

There are 3 common ways to screen for your values-based criteria. The most transparent way is by investing in individual stocks. It’s easier to implement positive screens by investing in companies you want to support, and screen out what you don’t want when you know exactly the businesses you own. 

The 2nd way is through mutual funds. Depending on your criteria, there are often several mutual fund options that t specialize in the values-based screen that matters to you. 

Lastly, there are more and more ETFs and Index funds that screen for certain values-based criteria. This route can often be the least expensive.

The bottom line here is pick your criteria and do some research. You’re bound to find something that fits what you’re looking for. 

That’s it for today. Thanks for listening. Tomorrow, we’re going to recap the week and I’m going to give you a little preview of next week’s theme. 

My name is Ashley Micciche and this is the One Minute Retirement Tip.

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