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HerMoney with Jean Chatzky

Ep 226: How Your Investments Can Impact Change

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 12 August 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

When invested the right way, your money can impact change while also earning big returns. We break down what it means to put your money where your mouth is, with Fidelity Investments’ Eliza Badeau and Nicole Connolly. Bigger ESG funds are up 10% year over year, far outperforming the DOW and the S&P 500. Eliza and Nicole dive into how we can get involved today. Eliza breaks down how Fidelity is addressing the inequalities that different underrepresented communities face, and how the social changes that we’re going through as a nation are impacting the investing landscape, particularly for Millennial investors. In Mailbag, we tackle questions on investing vs. paying down a mortgage, transferring a 529 plan to a different state, doing a ROTH IRA conversion, and getting a prenup. In Thrive, how to do a mid-year financial check-up.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an Airwave Media Podcast.

0:06.0

We've done a fair amount of research on ESG and performance

0:10.0

and believe that at the very least you don't have to sacrifice returns to invest with impact, to invest with purpose.

0:18.0

And if you think about maybe the history of ESG really started at something called kind of socially

0:24.6

responsible funds which you know had its roots in exclusionary investing

0:30.7

whereby those funds would avoid companies that manufactured guns or sold alcohol or

0:37.7

sold tobacco and the industry has kind of evolved to more inclusionary ESG investing, which means that instead

0:49.4

of kind of excluding companies, we're now focusing on companies that have embraced these ESG principles

0:57.8

of again trying to limit the impact they're having on the environment, doing right by all their

1:02.2

stakeholders, having good governance.

1:05.0

And I believe that that approach can really help you find companies that are built to last and

1:11.0

built to outperform over time.

1:14.0

Her money is supported by Fidelity investments.

1:22.0

We all have our own financial needs and Her money is supported by Fidelity Investments.

1:22.6

We all have our own financial needs and goals.

1:25.6

Investment advice from Fidelity can help you reach yours.

1:28.8

Plus, they have tools like financial checkups and more

1:31.9

to help you make smarter well-informed decisions every day.

1:36.0

Visit Fidelity.com slash Her Money to learn more. Hey everybody I'm Jean Chatsky. You know one of my favorite things about my job is hearing from our readers and

1:57.2

listeners.

1:58.2

Thank you all for joining us, by the way, and learning what you're thinking and what you are most passionate about and sometimes I start to notice some common themes and threads floating around out there and today's show is inspired by one of those.

2:16.2

It's all about something that it seems like everyone is talking about, specifically something that many people seem to want these days,

...

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