Ideal Bite

You're hip to a light green lifestyle, but are your investments?

05.15.2006

Submitted by idealbite on Mon, 05/15/2006 - 5:00pm.

The Bite:

Actions speak louder than words, but money speaks a helluva lot louder. Make a difference as you make money by investing your IRA and savings in socially responsible funds.

The Benefits:

SRI is hot. In the US alone, $2.3 trillion (1 in every 7dollars invested) are in socially responsible funds. During the past decade, SRI has grown 10% faster than traditional investment.
Many choices. Take your pick from community investment, social ventures, or SRI mutual funds.
Invest in a greener future. Give a slap on the back to socially and environmentally proactive companies that are finding solutions for tomorrow’s problems today.
Profit big time. Many SRI funds actually out perform their peers and the S&P 500.

Personally Speaking:

We are both investing in a very socially responsible fund. It’s called Ideal Bite, you heard of it? (We wish we could accept your investments but the FTC would come after us).

Wanna Try:

Portfolio 21, New Alternatives, and Green Century - green-focused SRI mutual funds.
Pax World, Domini, and Calvert - more traditional SRI mutual funds that screen out environmental offenders.
PowerShares Clean Energy Portfolio- invest directly in wind, solar, and hydrogen-fuel cells; fund allocates at least 80% of assets in clean energy and conservation companies.
Blue Marble and Progressive Asset Management - full-service SRI advisory firms that devise personalized portfolios.
SocialFunds.com, The Social Investment Forum, and Co-op America - great places to learn more.