Socially Responsible Investments

I have never understood why people waste their money in so called socially responsible investments. My view is that if you want to feel good about yourself and where your money is going, then do something worthwhile for others with it. Don't waste your time and energy buying a mutual fund because it claims to be socially responsible unless it also shows that it is a desirable investment beyond that.

It is certainly ok if you disagree with me on this issue as plenty of people do, but you should also beware of the fact that many of these mutual funds also have many holdings in companies that are still considered socially or environmentally questionable. Just take a moment to read about the research of Natural Capital Institute which discovered that that socially responsible mutual funds frequently do not live up to their mission statement. READ