Ethical Money Making

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The CS Monitor’s Work/Money section is a virtual cornucopia of social investing articles. They have weekly podcasts that are as much ad as advice, but they often feature different social investing strategies and articles. This week’s article focuses on seniors and socially responsible investing.

The article points out (implicitly) that socially responsible investing means different things to different people. The first gentleman focuses on investing in developing nations such as Brazil and Russia as a way to send needed capital to those countries. The second lady invested in a Federal low-income housing partnership that generated tax credits and appreciated assets. Another gentleman invests in the most typical socially responsible screen: no gambling, alcohol, tobacco, weapons, or nuclear power plants.

The article is part cheerleader for socially responsible investing, especially a well placed ad for Calvert in the middle. I think it’s important that people realize these options are out there if you so choose. But as I said, socially responsible investing means different things to different people so if you do invest in a SRI fund make sure their ethics match up with your ethics.