Socially responsible investing lets you put your money where your values are -- with companies who are solving issues confronting humanity. Few financial planners or brokers focus on SRIs, and anyway you could probably manage your assets much better than someone looking for a commission per transaction. You just need to do research -- and keep doing it until you divest from a particular stock or other investment vehicle. In light of today's record-setting prices for crude oil, we need to look at various sources of energy. To power vehicles, we should look at bagasse, a by-product of processing sugar cane. It's more economical and efficient to produce than corn-based ethanol -- just ask Brazil -- and can be used for tree-free paper products. I've eaten off Ecoproducts.com's bagasse "paper" plates and was very impressed.
Manufacturers of solar panels, too, are a good play. General Electric recently announced it will be jumping into the solar game, rivaling First Solar, currently the "best of breed" in the solar industry within the energy sector. Together with wind energy, solar can easily be converted to power just about everything in or around your home. I bought a few shares of First Solar and hope they will appreciate greatly over the coming years.
Think green -- as in good for your budget as well as for the planet. Which green investments would you recommend and why?
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1 comments:
Good post on green and socially responsible investing!
I have a unique site for those looking for global green and socially responsible investing news and research. It's at www.investingforthesoul.com
My background is one who has been following this subject for forty years.
Good luck and best wishes, Ron Robins
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