Markets have pushed upward as earnings have generally met reduced expectations. Interest rates have remained low and bolstered expectations for GDP growth.
Tax proposals from various candidates have been floated into the public discourse. For the most part, these proposals focus on raising taxes. Any increase in taxation will have social and economic consequences and is something we will be monitoring as we invest portfolios.
This week I have a guest writer, Angie Hager, talking about Earth Week. Angie is one of our advisers here at the firm. As you may know, one of our portfolio strategies available is focused on socially responsible investing. You can find more information about this investment strategy below.
Next week I will continue my commentary on market conditions and economic news. In the meantime, should you have any questions, please let me know.
Celebrating Earth Week!
By Angie M. Hager, CFA®, CFP®, CSRIC™
Senior Vice President, Partner, & SRI Specialist Wealth Management Services
Earth Day was originally founded in 1970 by a US Senator Gaylord Nelson as a day of education about environmental issues. It is celebrated annually on April 22nd and this year is the 49th anniversary. This weekend, various communities around the world will be hosting events, planting trees, cleaning up trash and leading environmental workshops. The original focus of one day has now been extended to encompass a whole week (Earth Week) of activities, festivals and educational events.
How can you participate in Earth Week?
- Join your local community activities like cleaning up trash, planting a tree or shopping at a farmer’s market.
- Get educated about the environment and determine your personal carbon footprint.
- Identify areas where you can do better on conserving energy like replacing old light bulbs or turning down the thermostat.
- Identify areas where you can conserve water – many steps which we already know coming out of a California drought.
- And Reduce, Reuse and Recycle where possible.
More information about Earth Day can be found here: https://www.earthday.org/
Can I participate in other ways – perhaps in my portfolio?
For those of you also interested in this perspective, DWM offers Sustainable, Responsible Investment (SRI) Portfolios. Based on the same knowledge and expertise by DWM’s in-depth research team as our traditional portfolios, the SRI portfolio also looks for investments that take into consideration their environmental, social and governance (ESG) characteristics. The dual focus is to provide long-term competitive performance. See the chart below regarding the 3 key hubs that make up our ESG strategy.
WE EXCLUDE: Nuclear power, tobacco, alcohol, gambling, military weapons, civilian firearms, adult entertainment, fast food restaurants offering the majority of their menu in unhealthy food choices, companies involved in the production or distribution of carbon-based fuel products, companies that produce GMO-related products.
We are happy to discuss this portfolio strategy with you. Please be in touch with us and we will answer any questions you might have. Thank you!
Angie M. Hager, CFA®, CFP®, CSRIC™