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Thursday, 6 July 2017

When You Realise You've Been Investing in Tobacco for Years

I had a bit of a shock this week.

I have been investing in several funds for some time, and when I delved into what they had invested in, I was pretty shocked.

A large chunk of the fund I'd invested in seemed to be buying stock of Tobacco companies and god knows what else.

I do not see a long-term future in the products they make, let alone condone the health, social and environmental issues tobacco causes around the world.

Starting today, I have begun to research the principles behind socially responsible investing.

In the next few weeks, I hope to try to understand where I have been going wrong and to choose a fund manager who has some dignity left.

I'll let you know of my progress here, once I've investigated where I should switch to.