There are some johnny-come-lately ethical and sustainable investors who put money into “responsible“ funds having seen how well they performed in the midst of the Covid Crash, and are ruing the day. Those who invested for the right reasons may still be questioning their decision, but the advice is very much to hang on in there. Remember that even a modest investment can have more of an effect on your carbon footprint than several years of both cycling and sorting the recycling bins (both generally male pastimes). In the last six months, investing in oil, mining, tobacco and arms companies would have provided great returns. All of which are avoided by the responsible investing sector, and all of which fared pretty badly during the pandemic. So, remember why you’re there, and keep the faith. I’d say.
Social Media advice won’t get you rich quick
There’s no end of FinTok (it’s a thing) and Insta pundits happy to tell you how they got rich quick and to point your money at a suitable scheme. 56% of those in a recent survey who followed such ‘advice’ lost money – and that’s just those who admit it.
