Throwback Episode: Building a Socially Responsible Portfolio

The Breakdown with Shaun King

The North Star

News, Society & Culture

4.8 • 12.6K Ratings

🗓️ 7 April 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On April 4th, we ran a classic episode from our friends Allan Boomer and Tiffany Hawkins of The Momentum Advisors titled "Is Your Money Racists?" I need a couple more days to recover from my recent neck surgery so the team at The North Star is going to run a great action oriented follow-up to that Episode. We hope you enjoy!

The terms "ESG", "socially responsible" and "impact investing" are ongoing buzzwords in the financial services industry. But what does it all actually mean? Regardless of the confusing industry jargon, the essence of it all is aligning your portfolio with your values—without sacrificing returns. More than that, it presents greater opportunity for you to see stronger returns. On this episode, we teach you how to do it whether you're dealing with a financial advisor, HR department or you self-manage your investments.

Transcript

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0:00.0	When you think of Canada, a lot of things probably come to mind.
0:04.0	But did you know that when you expand your business to Canada,
0:07.0	you're expanding to the G7 country with one of the lowest corporate tax rates?
0:12.0	That means competitive business costs for your business.
0:15.0	So no matter where you're located, we make it easy for you to expand to the best country in the G20 for doing business.
0:22.0	Invest in Canada.
0:24.0	Your second home.
0:26.0	Learn more at investcanada.ca slash expand.
0:57.0	Hello, hello.
0:59.0	Today we are talking about a socially responsible portfolio.
1:03.0	We've done several episodes and we will continue to have this conversation about is your money racist, yes your money's family racist, it's probably sexist, and it is probably ruining the world.
1:12.0	And we talk about that, we help you identify what that looks like, and we talk about change.
1:17.0	But this is a little bit less aggressive and a bit more of an action plan.
1:23.0	Because we do have a lot of clients or prospects, which is people out there who are really hearing all these buzz words, socially responsible, ESG, impact investing.
1:33.0	And they're not exactly sure what they mean, but they're kind of intrigued and they want to know how to get on this page.
1:38.0	That's the fact. That's the fact. This is a popular concept.
1:41.0	This is the new wave of investing.
1:44.0	Is that folks care about what their money's doing to the world and what it's saying about them.
1:48.0	And I feel like people are like when they talk about it, they make it seem like this sort of hippie thing, right, or like some sort of charitable thing like, oh, you know, you're going to sacrifice your investments by doing good.
2:01.0	And that's not the case at all. This is not some sort of hippie trend.
2:06.0	This is literally one of the first times you can have your cake and eat it too, even though you should always be able to eat your cake. But we already did a podcast. I think it's about eat it. We are not going to go back that far.
2:19.0	But in the investment world, you can have strong returns and do right by the world.
	...

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