If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
Tuesday, November 6, 2012
The second approach is a bit more challenging. The easy way out is to use a socially responsible fund. By googling "social responsible funds," you can get a wealth of information on funds meeting various criteria. They have periods where they outperform the market but, in general, have underperformed a bit. One reason is that they tend to be high-priced in terms of expense ratios - understandable in that they require quite a bit of research and fairly intensive screening.
There are other ways to approach the problem, for those willing to do their own research, and they are laid out neatly in the book Low Fee Socially Responsible Investing by Tom Nowak. The book recommends different approaches for various size accounts as well a screening approach. Useful, also, are a databases for screening criteria. The book can read in a weekend.
Here is a podcast of an interview of the author Tom Nowak by Jim Ludwick of MainStreet Financial Planning, Inc.
Posted by Robert Wasilewski at 9:15 AM