If you’re considering your options for investing, you may want to consider looking into ethical investment options. That way, you can get the best of both by making decent returns that align with your values.
Though people’s initial impression of ethical investments is that they give lower returns, recent trends have proved it wrong and showed it’s actually worth the time.
Did you know?
More than $44 billion is now invested in sustainable funds Australia-wide. 1
Are you curious about trying out an ethical investment fund? Here are some tips to get you started:
1. Find the Right Fund That Meets Your Goals
Your first step is to find yourself a fund that meets your goals and interests. When you do this, you can simplify the process of managing your investment.
If you want to work on finding the right fund, you should consider seeking advice from an ethical financial adviser. They can help you develop strategies to invest responsibly and optimise your earning potential, especially with ethical investment in super.
Novo Wealth specialises in ethical investment advice to ensure you are achieving your financial goals whilst also staying true to your values.
2. Review Your Investment’s Financial and Social Performance
It is a good idea to see how your fund is doing financially. You can gain this knowledge by reading its performance reports. Doing so can give you a good idea of what to expect.
In addition, research the fund’s social performance to see how they manage their resources or better yet, ask a professional. An ethical financial adviser can provide you with up-to-date relevant industry information that will help you make an informed decision on your investments.
3. Review and Understand the Fine Print
Just because the fund’s reputation motivates you to invest in it doesn’t mean you should jump into it blindly. Ensure that you understand the fine print and everything else you need to know about the investment.
It is also crucial that you understand and know the rules and policies of the fund, particularly when it comes to the expiry of investments and fees.
4. Focus on What Matters Most to You
Instead of choosing a fund solely on high returns, you may want to consider a fund that can provide you with high returns and one that upholds practices that are important to making the world a better place.
Besides that, you can also choose to invest in a fund that supports a certain cause you believe in too. It’s essential to understand what’s important to you and invest in the fund that reflects that.
If you’re interested in trying out ethical investments, getting started is not as hard as you think. By sticking through with these tips, you can try your hand at this type of investment. Once you’re ready, you can work with an ethical financial adviser like Novo Wealth.
At Novo Wealth, we offer ethical financial advice for professionals and business owners in Australia looking for responsible investment opportunities. Let us help you secure your future and transition well from working to retirement.
IMPORTANT; This information is general in nature only. It does not take into account your individual circumstances. We recommend that you seek professional advice before making any investment decision.