Getting started on the path to ethical investing

Hi there, and welcome to my site, Ethical Millions, with a focus on personal finance and investing. I’m currently a “conventional” investor looking to make the switch to ethical investing.  

What do I mean by ‘conventional’? My money is invested in stocks, bonds, and whatnot – index funds for the most part, vetted and rebalanced periodically by my robo-advisor. Those funds are invested in a wide variety of companies that probably include weapons manufacturers, major polluters, and a whole host of other companies whose ethics and basic operating principles I would have a major issue with if I looked closely at them. 

For me, the time to change is now. Over the course of the past ten years, I’ve spent most of my “money” time getting a handle on my personal finances and budget, including paying off a mountain of debt (over $100,000!!!), building a career, and trying to make sure that I spent less than I made. 

I did those things and now the only debt I have is a mortgage. I have a good nest egg set aside, and I run a small but profitable business.

Life is good, but I’m also confronted on a daily basis by the problems of the world. Climate change, human rights issues, corporate kleptocracy, corruption, etc. It turns out that I’m making money off a lot of those problems, and I’m not okay with that.

Which leaves me with a bit of a problem because I’m by no means an expert in investing. I actually don’t know how to go about buying a single stock. I understand some of the basics, like ETFs, mutual funds, RRSPs, TFSAs, etc. But I definitely do not know how to invest my money myself in a portfolio of companies that I’ve vetted for my own ethical principles. 

Over the coming months and years, I’m hoping to learn all sorts of things that will make my investments (and the money that I make off of them) more ethical. 

Some of the things that I want to learn include:

  • what are my ethical principles? 
  • how do I evaluate companies based on those principles? 
  • how to buy individuals stocks and eventually build a portfolio (well-balanced, invested for the long term)
  • how can I make my financial life more ethical? 

Will you join me?

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