What Is Social Investing?

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Social investing is putting money into companies that have a positive effect on the environment and the people in a society. Avoid investing in a company that is not socially acceptable with help from an investment consultant in this free video on investing.

Part of the Video Series: Investment Advice
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Video Transcript

Hi I'm Roger Groh with Groh Asset Management. I'm not urging you to do that, but we're here today to talk about social investing. Generally that's a category of investment which means that you're going to invest in companies that are positive for the environment and for positive for the people that live in that environment. Now examples might be, if it an energy company that you're considering putting your money into, yes you can buy a power company that makes nuclear power but we all know long term that there's going to be a problem with nuclear waste much less Three Mile Island or Chernobyl that are bound to happen again. A green example might be though, a power company that makes power only using solar panels or a power company that generates power through windmills. So alternative ways to do it. Other examples might be a drink company that doesn't make alcoholic drinks would be views as being socially acceptable. Another example if you're considering buying a big multinational manufacturing company, do they make any armaments for example, do they make guns? Do they make bullets? Well if they do, then they're probably not socially acceptably, if they don't then they might be considered a socially acceptable. Last but not least, if you're Muslim and you're thinking about buying a bank, we all know that Muslim banks are not allowed to pay interest, so you have to be very careful in the Muslim environment to buy banks that are only socially acceptable and do not take interest or pay interest as opposed to those that do. So really it depends on what you're looking for in your own portfolio. I'm Roger Groh, hope it helped and thank you very much for spending time with me.

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