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TIPS & ADVICE

Make Your Money Count for You and the Earth

Discover the world of socially responsible investing (SRI).

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Photo: Miroslaw Pieprzyk / Istock

By The Daily Green Staff

Why not choose to invest with socially responsible institutions? Whether you live paycheck to paycheck or are a hedge fund manager, your money is being used in some fashion to support businesses that are either aware of the social good, or oblivious to it. The simplest way to make a difference is to do business with a bank or credit union that does good things. ATMs and direct deposit have made it easier now to have a choice.

You can research eco-friendly banks on sites such as coopamerica.org. You can also use your shareholder power to influence corporate policy, even if you only own one share of stock. Be active in annual meetings, ask questions, give opinions and vote on policy issues. Combined with letter writing campaigns and consumer boycotts, you can tell Wall Street to stop funding climate change and start funding green alternatives.


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