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Be Greeny not Greedy

So, I’ve been curious about how and what I could invest in that would be considered “green” investing without compromising the ideals of investing: Making an adequate rate of return. After all we all have mouths to feed, some more than others. Also, based on what’s going on right now in the world, especially the financial health of people, gave me more incentive to start looking at where I see opportunities in the future based on current trends…one of the largest movements in the world is the move to become more “green”…I gotta stop using quotations when I refer to “green” (there I go again) - like I’m saying it’s not a real word…oh, it’s real! And it’s insane what kinds of investments are available today for the average person to take advantage of – THIS IS WHERE YOU GET GREENY…

So, the first step I took is finding out what being green (yippee!) means as it relates to investments? Well, I came up with the following criteria:

• Environmentally friendly – either by what or how they make their products
• Is the product renewable or sustainable
• Fair labour laws and equal rights

This lead me to the term Social Responsible Investing. Here is a good excerpt from Wiki to explain:

http://en.wikipedia.org/wiki/Socially_responsible_investing

From my research I found that there are a plethora (ya, that’s right, I said it, plethora) of investments that are considered socially responsible and green – most cover all my mandates as well as having a pretty decent rate of return.

So, the moral of the story is that you should start getting Greeny with your money, not greedy. Do your research, ask your investment dude or dudette, and get a little more involved.

- Boompa

This entry was posted on Tuesday, November 18th, 2008 at 9:52 pm and is filed under Green Investing, Green Living, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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