Investing with Conviction

Like I said in the “Fair Trade” post, I like to get the most “bang for my buck.” I not only apply that to what I buy, but also to how I invest my money.

It’s not like I’m a big investor – I started out small, with a savings account. But, I began to realize that investing wasn’t as difficult as it seems, and my dad helped me set up some accounts which introduced me to investing and helped me gain a little more interest. Now, I contribute to three different mutual funds (one of which is an individual retirement account, or IRA.) I also have a money market account and a basic savings account at my credit union.

When you start looking into investing your money in stocks, bonds, or mutual funds, there are many options. But, did you know that you can invest in a way that aligns with your personal convictions? This is called socially responsible investing.

Socially responsible investing gives you the opportunity to make sure your money is being used in a way that connects with your beliefs. Basically, when you practice socially responsible investing, you’re making it a priority to find investments that benefit our world and avoid those that can harm society. For instance, socially responsible companies might treat their employees fairly or try to make decisions that are good for the environment. If you are interested in this concept of socially responsible investing, check out how MMA is putting it to practice.

What do you think about socially responsible investing? Should a company’s practices be part of your decision about whether or not to purchase some of their stock?