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Socially responsible investing can be defined as the integration of social and ethically moral criteria in the investment making decision process. It is based in the belief that personal wealth and values DO NOT have to be mutually exclusive.
In a socially responsible investment you won't find companies that are involved in the business of tobacco, nuclear power, weapons, gambling and the like. Instead, you will find companies that make solid, positive contributions to local, regional or global societies.
These Companies generally have 5 (five) common Characteristics
Socially responsible investments seek companies that promote economic and social justice. This is done through five basic screening tests, which include:
® Responsible Corporate Citizenship ¬Companies that provide innovative technology or services, the promotion of healthy lifestyles, provide generous charitable contributions, hire minorities and women that serve in senior management or board positions, child care and elder benefits to workers, etc.
® Responsible Employee Relationships ¬Companies that provide profit-sharing, employee stock ownership plans, participation in corporate decisions, etc.
® Responsible Environmental Concerns ¬
Companies that demonstrate pollution control measures or pollution prevention programs, recycling, etc.
® Responsible Impact on non-U.S. soil ¬
Companies that promote fair wage scales when operating in foreign countries, support human rights and local environments, education, etc.
® Responsible and Safe Products ¬
Companies that manufacture or provide products and services, leaders in research in development, etc.
These can be very tough guidelines to follow and can potentially clash with the stockholders desire for "returns at any cost" attitude.
However, there are also can be many rewards, both economically and emotionally.
At Fielder Financial Management, Ltd., we follow these 'socially responsible investments' with a keen eye. The trend points positively in this direction and we have seen our customers experience favorable economic results by subscribing to this investing theory.
Action
To Take If you would like to learn more about Socially Responsible Investing AND the potential tax benefits that go along with it, please click HERE.
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Copyright © 1998
Fielder Financial Management, LTD.
All Rights Reserved.
Securities are offered through Girard Securities, Inc.
member FINRA, SIPC.
Mark R. Fielder, Registered Principal. CA. Insurance Lic. # 0690576.
Disclosure: For more complete information about mutual funds, including charges and expenses, obtain a prospectus by calling 1-800-480-7526. Read it carefully before you invest or send money. Mutual funds are subject to market fluctuations, investment risks and possible loss of principal. Consult your tax advisor.
