When I entered the investment industry in 1984 Peter Lynch was managing the highly successful Fidelity Magellan Fund. There was no talk among individual investors about excluding certain stocks from their portfolios for social reasons. The overall goal of investing was to maximize shareholder value. In other words, make the most money without regard to social impact.
The case for aligning your portfolio with your outlook & worldview.
Do your investment choices reflect your outlook? Are they in agreement with your values? These questions may seem rather deep when it comes to deciding what to buy or sell, but some great investors have built fortunes by investing according to the ethical, moral, and spiritual tenets that guide their lives.
Mario Draghi, the European Central Bank’s (ECB) President, surprised the world yesterday. Growth and inflation targets are not being met in the euro-zone according to the central bank’s latest forecast. Their projections now show growth reaching just 1.1 percent this year, falling from 1.7 percent in their prior prognostication.
Relay races are exciting. You get the fastest runners from around the globe and wait for world records to be set. Of course, the most dangerous portion of the competition occurs during the handoff. If a smooth connection isn’t made, forget finishing the race, let alone contacting the folks from Guinness World Records.
At the end of the month, do you often find yourself with a lot less money than you expected? Do you have a hard time determining exactly what you spent your money on? Do you feel that you should have more to show for your hard work than you currently do? Are you and your spouse or partner always fighting about money?