Investing For the World You Want
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 10 May 2018
⏱️ 38 minutes
🔗️ Recording | iTunes | RSS
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Summary
How can you incorporate your values into your investments? While many of us have principles and views about what is “right” and “wrong”, putting those principles into action within a portfolio can be difficult. Although hard to accomplish, there are different ways of making an impact. They vary in terms of feasibility, effectiveness, and potential cost. When trying to determine the best approach, ask yourself, what am I trying to achieve? What outcome do I want? Is it about making me feel good or are do you seek an impact in the world? If you’re considering adopting a values-based approach to investing, there are four different options to consider:Divestiture: When you avoid owning the stock or bonds of of a company or issuer.Engagement: Owning company stock, and putting pressure on the board and management through voting.Impact investing: Investments made into companies, organizations, and funds with the intention to generate social and environmental impact.Charity: Giving to the causes you believe bring about the right change.Of course, all investing involves risk, but the advent of funds that allow screening based on environmental, social and governance (ESG) factors has prompted the Department of Labor to issue some warnings. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in Apple Podcasts. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50
Transcript
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| 0:00.0 | Hi, it's Jill Schlesinger, host of the Better Off Podcast. |
| 0:06.0 | Today we're talking about how to incorporate a values-based approach to your investing. |
| 0:12.4 | I think one of the things that we lose sight of sometimes, especially when it comes to investing. |
| 0:16.0 | We just think more money, higher returns, etc. |
| 0:19.0 | Well, what if the best way to kind of convert that money into what we want is through our |
| 0:24.6 | portfolio is through how we invest. Welcome to the Better Off podcast. We're |
| 0:30.0 | sponsored by Betterment the largest online financial advisor. |
| 0:34.7 | Have you been struggling with reconciling your investment portfolio with your value system? Are you trying to figure out how to invest for the world you want? |
| 0:47.0 | Well, we have a special guest today. We have Dan Egan, who is the Director of Behavioral Finance and Investing at Betterment, our sponsor, |
| 0:57.0 | who is here to talk about how you can do that. |
| 1:00.6 | Now I should note that right after we did this interview unfortunately there was a |
| 1:05.8 | Labor Department caution about these types of investments |
| 1:10.9 | specifically for retirement plans. |
| 1:13.1 | These are ESG investments, which take environmental, social, |
| 1:18.0 | and government factors into account. |
| 1:20.6 | And right now, the Labor Department, under Director Alexander Acosta says he's not so |
| 1:26.7 | sure that these ESG funds should be in 401k plans. So I just put that out there as a caution and a little addendum to the interview. |
| 1:36.4 | We're going to get into a lot of different ways that you can incorporate your values |
| 1:41.0 | into your investments with Dan Egan. If you've got questions |
| 1:45.1 | after we go through the interview, feel free to send us a note, Ask Jill at |
| 1:50.4 | Betteroff Podcast.com. |
| 1:52.6 | And now here's our interview with Dan Egan. |
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