Ethical Investing - is it profitable?
Can Ethical Investing Make You Money?
The answer is a resounding yes!
Ethical investing isn’t much different than standard investing in terms of the amount of money you can gain.
The main difference is ethical investing is a strategy that includes your ethics, such as your spiritual, religious, moral or social values.
While the typical investment strategy involves investing in companies that you believe will perform well, ethical investing takes it to the next level and invests in companies that are actively socially responsible.
How do you make money investing with your ethics as a guide?
In this blog article, we’ll explore how to make ethical investments profitable, and secure your financial security.
3 Ways to Make Money With Ethical Investments
● Decide what values mean the most to you
● Find companies that align with your values
● Strengthen your portfolio with a Financial Planner
Where Would Your Money Do The Most Good?
Whenever you make a purchase, you usually decide beforehand if spending your money is necessary, beneficial to you or to the seller — or even all three.
This is typically because you want your money to have the best impact for yourself and others. That’s what makes ethical investments a favorite among people who want to use their money — and make money — in a responsible and wholesome way.
Think about the qualities and values you possess.
● Are you environmentally conscious?
● Do you value honesty and compassion?
● Are you guided by your spirituality or religion?
It’s these same values that you should seek in a company before you invest to ensure that you are making money ethically.
What Are Ethical Investments To Consider?
Once you make a list of your morals that you wish to see reflected in companies you want to invest in, shop around the market for who suits your needs.
There are four main types of ethical investment opportunities:
● Environmental, Social & Governance Funds (ESG Funds): Investors who value sustainability of the earth, society and government, and invest in companies whose impact is positive on those three factors.
● Faith-Based Funds: Investors that only invest in companies that share their religious ideals and values.
● Impact Funds: Investors who scrutinize the fund performance of companies based on the ethical changes to their products and services.
● Socially Responsible Investing Funds (SRI Funds): Investors who evade working with firearms, tobacco, alcohol, or gambling.
How do you find companies that align with your values?
Explore their business websites, social media and any recent news about them. Keep in mind that a company’s mission statement and values can sometimes be different than how they actually conduct business!
