What's a good environmentally sound investment strategy?
I'm a young working computer professional with a growing investment portfolio. I take most of my financial adviser's advice on what funds to pick, but he's put a substantial amount of my investment money into Asian mutual funds. Given some the geopolitical issues with China and Chinese products (China's growing military spending, North American trade deficits, China's poor environmental policy, and a growing track record of unsafe/dangerous products -- toothpaste, pet food, toys, etc, etc), I've gotten to the point where I consider holding these investments to be, at best, somewhat unethical. This is not a financially motivated question; It's an ethical one. I would like some advice/guidance on what would be good investments into North American companies dedicated to developing the products and technology of greener future. I'm still looking for returns on my investments dollars, but I'd like to know I'm part of the solution, not the problem. What are the right investments for me?
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Answer by cradduck205
You have a good point. Check out the sites listed below about some mutual funds with environmental investments holdings. There are many available, these are just a few to give you an idea of what is out there. Ask your financial adviser about them and let him know that you are interested in ethical investing.
Investment
Governors Workforce Investment Board
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Governor O'Malley meets with governor's Workforce Investment Board by Tom Nappi at Anne Arundel Community College,Maryland
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