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Wall Street says you can!
If you invest in “socially responsible” funds, say big investment funds like BlackRock, Parnassus, TIAA-CREF, etc., then they’ll do good things for the world, and your retirement funds will grow.
These funds obsess about what they call Environmental, Social and Governance factors. For example, Parnassus says it picks investments based on “their environmental impact, how they treat their employees, the quality of their relationships with local communities.”
People believe. More than $100 billion poured in just in the first half of this year.
But I won’t invest. My new video explains why.
One popular “socially responsible” fund, Generation Investments, is run by former Vice President Al Gore. His website claims they invest in “sustainable” companies that do things “consistent with a low-carbon, prosperous, equitable, healthy and safe society.”
John Stossel: Investment Con themountainpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themountainpress.com Daily Mail and Mail on Sunday newspapers.