"Green" (Non Evil) Portfolio

[coynemoney]

I tried searching best I could for any previous threads on this - I'm guessing I'm not the first to have the idea, but I'm wondering if there exists a sort of S&P 500 of altruistic (or at least not outright evil) companies. I understand by their very nature they may not be the BEST investments, but it feels a little suspect when I start thinking about how I'm basically funding certain energy companies to continue to destroy the planet in search of gains.

[hadabeardonce]

Try these ingredients:
FITLX
FNIDX
FXNAX

See if you like the taste.

[Radagast]

SUSL?

[terran]

There have been many past threads on this. Searching for "social investing" should get you started.

A couple of questions for you to consider: Does a company benefit if you own their stock? Who benefits if a the value of a "sin" stock is higher? How much does a social index fund or ETF cost compared to a comparable fund or ETF that isn't filtered in that way? If you had more money from investing in a regular total market fund, could you make a bigger difference for the causes you care about by donating to those causes?

[theolympians]

How do you define "evil" in the context of business? Since you indicate that you are having a difficult time, I take it you are assuming most of the companies available are "evil".

[BicycleB]

Fwiw, maybe https://finance.yahoo.com/video/sustainability-focused-etfs-geared-toward-202249112.html

[Joe Schmo]

Just look at the holdings of those non-evil ETFs and see how that sits with you. As a fan of Dave Ramsey and of people not being exploited to the max I ain't a big fan of credit card companies. If I were to be looking at a "non-evil" fund I sure wouldn't want to see Visa and Mastercard on their holdings...

[hadabeardonce]

Fwiw, maybe https://finance.yahoo.com/video/sustainability-focused-etfs-geared-toward-202249112.html

https://www.morningstar.com/search?query=Fwiw

No results found... someone should totally have that ticker symbol.

[MustacheAndaHalf]

I've gradually changed my view on social investing now that I see "ESG" (Environmental, Social, Governance) tracked for various mutual funds and companies.  When companies pay attention, it can be worth doing.
https://etfdb.com/esg-investing/

[coynemoney]

How do you define "evil" in the context of business? Since you indicate that you are having a difficult time, I take it you are assuming most of the companies available are "evil".

I realize the premise is pretty absurd and naive but I figured it's something to think about while I'm throwing $200 of every paycheck toward a small part of hundreds of companies which may or may not be making the world a worse place.