5 of the Best Ways To Begin Impact Investing
Experts say that impact investing offers competitive portfolio performance. Sustainable investment funds with assets of more than $260 billion have tripled over the past decade.
Impact investing was first coined in 2007. As an investment strategy that focuses on corporate social responsibility, it’s considered an extension of philanthropy.
What Is Impact Investing?
How To Get Started With Impact Investing
1. Evaluate your financial goals, risk profile, and investment strategies. Do you understand how to invest? Are you able to manage your investments?
2. Determine where you want to make an impact. Once you’ve identified your passions, establish a financial plan to invest in those assets.
3. Increase your impact through regular investments. Set up an account with an online brokerage that allows you to make automatic contributions.
4. Get your finances in order. Pay off bad debt and prioritize investing. Establish good money habits that include budgeting and avoiding debt. Minimize unnecessary spending.
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