How To Get Rich - Invest With A Conscience

Do you invest in companies that hurt other people, animals or the environment ?

Do you even know how your investments impact the world ?

Chances are if you're like most you don't have a clue !


Know What Your Money is Doing


Most people invest blindly in companies that they would not necessarily support if they knew how they operated. Investment recommendations are most often made solely on economics and have absolutely nothing to do with morals.

Unfortunately, the world operates solely on profit. Most of the time a company will put profits ahead of people, animals and the environment. The reason being, there is extreme pressure for a business to stay competitive in order to survive in this world's uncaring business environment.

It is therefore an investors' responsibility to dig deeply into a company's operations to explore their moral conscience. It is your responsibility as an investor to separate the good from the bad and the downright ugly. This information can sometimes be hard to find as companies will do whatever they can to hide negative practices. But you must strive to do what you can.


Why Invest With A Conscience


With the expanding of global communications, companies that exploit other individuals, animals or our fragile environment had better watch out. As people around the globe become more aware of a company's negative practices, a fire storm of bad publicity can erupt virtually overnight. This bad publicity has the ability to sink even the strongest of balance sheets in a very short period of time.

The future will undoubtedly see further expansion of global communications. This means that the power of the individual will become even stronger. It will be harder and harder for companies to hide from public scrutiny. It is also possible that even one disgruntled employee with inside information could potentially open the flood gates of criticism to the world.

If you are caught as an investor in a company with negative practices, you too could lose as your investment value could drop rapidly.


What To Do

 
Before investing in any company, make sure to do your homework. Dig as deep as you can to try and find any negative practices. If you find something and no action is being taken to clean up their act, don't invest.

Research all of your current investments as well to see if any negative practices can be uncovered. You will then truly know what your money is doing to impact the world.

Keep up to date with what your current investments are doing. Quite often a company's direction will change with new leadership or mandates. Any potential negatives that may come from these changes should be explored. Depending on the strength of this new direction, an investment decision may have to be made.

Your overall goal should be to never be invested in a company with negative practices. It may only be a matter of time before the scrutiny of the world will make their judgement.

As always, I welcome your comments and suggestions for future topics.


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