TEDx Preview: Socially Responsible Investing
If you're in the New York City area, it's not too late to grab your ticket to the TEDx Jersey City event tomorrow - and if you're an avid reader make sure that you stop by and say hi, I would love to meet you! GET YOUR TICKETS HERE!
For everyone else, you can still view my TED Talk on YouTube after the first of the year - or after the editing crew has worked their magic.
Without giving too much away, I'm discussing a concept that is really only circulated among a select few - socially responsible investing. It is one of the strongest investing strategies and more investors, especially Millennials, need to take advantage of this practice rather than protesting against the Wall Street Fat Cats.
SOCIALLY RESPONSIBLE INVESTING (or SRI) - is any investment strategy which seeks to consider both financial return AND social good, equally.
There are two approaches to socially responsible investing - neither one is right or wrong, just different approaches. Like the glass being half-full or half-empty - it's just how you look at it:
Affirmative (a.k.a. Environmental & Social Governance (ESG) – attraction to a company based on what they offer.
Examples: encouraging corporate practices that promote environmental stewardship, consumer protection, human rights, and diversity.
Negative (a.k.a. avoiding “sin” stocks) – opposition to companies based on what they offer.
Examples: involved in alcohol, tobacco, gambling, pornography, weapons, contraception/abortion, fossil fuel production/exploration, farming practices, and/or the military.
Got your attention? Good! Stay tuned on GradMoney and TEDx for more!