Last year, I set myself a target to invest £1000 more than the previous year in stocks and shares. Although I was shy by about £600, I did manage an extra £400. Not too bad when we had a baby to prepare for too!
This year, my target is the same; invest £1,000 more than 2 years ago. It’s a tall order as I’m heading into my final 3 months of maternity leave, which is unpaid.
However, I don’t just want to pursue growth by any means necessary. I want to be both a good steward of our money and the planet.
Last time I wrote, I talked about how I’m using money to make positive eco choices. This in mind, it just doesn’t feel right to grow my money unethically. I don’t have any “really bad” investments, but no where near enough of my money is doing good. And arguably if it’s not doing good, it is doing bad.
So now I have another target. To invest a minimum of 27.5% in ethical/ sustainable options. At present, 17.5% is invested in a “sustainable leaders” fund.
Am I being too much of a chicken? Maybe. I still feel like I’m learning about investments and don’t want to make a big, costly mistake. There are other parts of my life where I keep making improvements for the good of the planet. Like our switch to bamboo toothbrushes, to give you one fresh example. And as time passes, I’ll gradually improve my ethical holdings.
For now, more research is needed. Off I go to do some reading!
Do you have any ethical investments? If so, how do you go about finding them and do you have any suggestions? I’d love to hear them!