Consumer activism is a pretty turnkey way to make your voice heard, whether by buying from brands you believe in or boycotting ones you don’t.
Investing in companies that align with your values is a bit more complicated, but it’s possible — and there are many financial expert-approved ways to do it.
According to Nate Hoskin, CIO of Hoskin Capital and a certified financial planner (CFP), you should only consider investing after creating an emergency fund — at least 3-4 months of expenses saved in a high yield savings account.
Does it actually work to invest in line with your values? Absolutely. 100%. If you can make an impact with your investments, not only are you making sound decisions for yourself, but you’re making sound decisions that benefit others that are impacted by your investments.
If you’re considering investing in a company, start gathering current info. “Sometimes these stories can be positive regarding values that investors care about,” says L.J. Jones, a financial planner and founder of Developing Financial LLC. “Other times, it can inform an investor that a company they are invested in made a decision that might run counter to the investor's values.”
If you care about specific causes, such as breast cancer research or LGBTQ rights, Stanley suggests searching for companies that devote a part of their profits to these endeavors.