cross-posted from: https://lemmy.ml/post/33213155
I don’t own much: My savings are around 50K$, money that now sits in the bank doing nothing.
I’ve been reading about what ETFs to invest into, but even those classified as climate friendly and social responsible include firms such as tesla, facebook, coca cola… not even close to being ethical.
Is there something akin to Michael Burry levels of ethical investment?
This is maybe not what you’re looking for, as it’s not about growing the money so much as using it to help others, but sharing just in case it’s of interest (no pun intended).
https://lendwithcare.org/
My wife has used this a lot - she reads up on microbusinesses who need a loan to develop, lends small sums (like less than £50 or so) to them and after a while usually gets her money back and then reinvests it in a loan to another microbusiness.
It doesn’t make a profit for the individual lenders as far as I know, but it’s a way to assist people in improving their lives. Kind of cool, I think.