Do you know what ESG investing is? A new study by Northern Trust’s FlexShares ETFs revealed that 79% of women investors are interested in SI/ESG investing, compared to 42% of men, yet women are not being told about these options. ESG is investing with a focus on Environment-Social-Governance values.
I asked these advisors how a woman 55 to 65 , could invest $25,000 as part emergency fund and part financial future. I did not give any other parameters.1. A “fairly safe and plain vanilla” option
: “I would put that $25K in something that is fairly safe and plain vanilla, from a financial point of view—I’d go for a balanced sustainability fund, maybe a 30-60 bond/equity fund that integrates sustainability and especially climate change….Most balanced funds have balances of stocks to bonds of like…60% stocks, though that ratio will wiggle over time as markets change. That’s what I meant by plain vanilla: a broad market sustainability balanced fund.
“Your financial plan should be a tool that helps you determine where to invest your money. If you have already maxed out 1. your retirement contributions to your workplace retirement plans 2. IRA or Roth IRA annual contributions depending on your income and 3.
“Your investing strategy should take into account your time horizon, risk tolerance, and financial goals you are trying to reach. In the case of the money for the emergency fund, it needs to be available at any time i.e. liquid, and you really don’t want to take much risk with it since it is for an emergency fund after all! The remaining amount for your financial future should be in the market if the goal is growth and time horizon is longer term i.e. 4+ years.
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