If you’re at all like me, you’ve got a pitiful savings account and a sad, sad start to a retirement account. I’ll admit this problem is largely of my own making, but I’m guessing you can empathize. So bear with me.
Even with those pennies you’ve been able to save, you’re thinking about how to make the most of every cent you can spare. And you definitely don’t want to work all day at a nonprofit job and turn around and invest all your retirement savings into corporations that are reversing the inclusive economic development that the whole sector is working toward collectively. But luckily you don’t have to invest only in those companies.
New tools in investing are making it easier than ever to maximize the social good your dollars can do, without sacrificing your savings plan.
You may have heard this catchy term “impact investing,” and (probably) you don’t know that much about it. You might guess that it’s pretty much what it sounds like: a way to invest your money for social impact. And you’d be (mostly) right. (more…)