Thursday, February 5, 2009

Deep Green

I call this post "Deep Green" because we need to look deeper at living a greener life. It is easy to think green and come up with recycling plans, ways to buy products with lower fuel miles, and how to lower our carbon footprint. It is easy to act green and buy energy efficient appliances, install solar panels, and bring our own bags to the grocery store. Do your long-term investments reflect your green values? When was the last time you went online and looked at the portfolio for your mutual funds? Are you unknowingly or inadvertently supporting oil companies, pharmaceutical companies and or mega chain stores? This is the time to act. There are at least five first-rate green mutual funds available. Do a quick search and you will find them. Green funds are down as much as everything else, if not considerably more. Research the green funds, find one which has holdings that appeal to your beliefs and make a substantial long term investment. Green funds are volatile so they are not suited for the short time. The market will rebound and I believe green funds will do well, especially considering the President's energy policies. Your "deep green" commitments will reward you financially as well as rewarding the planet.

2 comments:

e.o.w. said...

This is an important issue. Glad to see you're writing about it!

Ron Robins said...

Yes, with massive green energy and infrastructure development also means huge sums being spent on the products and services of green companies. Stocks of these companies could benefit significantly!

For anyone interested in green and socially responsible investing, I have one of the most popular sites on the web on the subject. It also covers the latest related global news and research too. It's at www.investingforthesoul.com

Best wishes, Ron Robins