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LGBTQ + -friendly investment | Haven Life



Just as there are funds and advisors that focus on the environment or racial justice, there are now ways to invest your money and support the LGBTQ + community.

1 June 2022 | Grow

It’s Pride Month – and whether you’re a member of the LGBTQ + community or a supportive ally, it’s a great time to think about what you can do to make the world a better place for LGBTQ + people.

An alternative is to invest in companies and funds that actively work for social justice. Another option is to invest in large companies that have done the work of diversifying their management and building a culture of justice and inclusion. If you are interested in LGBTQ + -friendly investments, there are many ways to get started – but you need to know where to start.

“Investing is like voting,” explains Kate Dorman, financial therapist at Sound Financial Therapy LLC. “Knowing what your money is doing is really important.”

With that in mind, here are some things to keep in mind if you are interested in investing your money in support of the LGBTQ + community.

In this article:

What are ESG investments?

There are many different types of socially conscious investments, whether you are considering investing in companies that share your values ​​or you want to invest exclusively in companies that support a specific cause or community.

One of the most common sustainable investment categories is environmental, social and governance investments, also known as ESG investments. When you become an ESG investor, you focus your investments on companies that can rank positively in terms of environmental and social impact. These companies can also be rated on governing factors such as different leadership and other progressive indicators.

Many brokerage firms and securities companies have already done the work of identifying ESG stocks, ETFs or index funds. However, people who are interested in ESG investments that also support the LGBTQ + community may need to do a little further research.

“People need to start by finding out what’s really important to them,” explains Diane Bourdo, a Certified Financial Planner professional and CEO of The Humphreys Group, an asset management company owned and operated entirely by San Francisco-based women . “It’s not just what you want to screen out, but also what you want to screen in.”

How can you get started with socially conscious investments?

The best way to get started on a socially conscious investment is by asking yourself what types of businesses and companies you want to support. “If I want to invest in a company,” says Bourdo, “I want it to think about its footprint and its place in the climate debate.”

Like Bourdo, you may want to spend some of your money on climate change organizations. You may also want to invest in companies that work for racial justice. When you invest, you invest your money in another organization’s potential growth – so make sure you choose organizations and companies that are worth rooting for.

“Investment requires research,” explains Dorman. “Even if you use an online broker or roboadvisor, it is important to do your own research and choose the investments that best support your values. No one will care more about your money than you.”

How can you find investment funds that support the LGBTQ + community?

If you are looking for socially conscious investment opportunities with a focus on the LGBTQ + community, you have options.

“Start with the LGBTQ 100,” says Dorman. “It is an index that tracks 100 major stocks from different sectors. These stocks have high ESG ratings, and companies show specific support for the LGBTQ community through non-discrimination policies, fair benefits and an inclusive culture.”

If you are looking for investment opportunities beyond the LGBTQ 100, Bourdo suggests that you consider the Adasina Social Justice All Cap Global ETF. “It’s a new EFT based in San Francisco, and it focuses on gender, race, economic and climate justice.” She also suggests taking a look at the Pax Ellevate Global Women’s Leadership Fund. “You can go to Pax and review all the stocks that are in the portfolio, what measurement values ​​are involved, you can see the whole or become really specific.”

“Investing is kind of like voting. Knowing what your money is doing is really important.”

—Kate Dorman, Financial Therapist at Sound Financial Therapy LLC

How else can you support the LGBTQ + community financially?

Not everyone has extra money to invest right now – but that does not mean you can not support the LGBTQ + community financially.

“Think about how and where you spend your money,” advises Dorman. “Which stores do you shop in?” If you already choose retailers, restaurants and local businesses that support the LGBTQ + community, put your money on your values.

Another great way to support the LGBTQ + community financially is through donations to charity. Many people do most of their charity at the end of the year, but one of the best ways to support a nonprofit financially is by making a small monthly donation. Even as little as $ 5 a month does its job – and helps the organization continue to do its thing.

No matter how you decide to invest, spend or donate, look for companies and causes that do the important work of supporting LGBTQ + people. Whether you’re trading at a local business, donating to an organization that focuses on social justice, or investing in a stock on the LGBTQ 100 list, do your part to help the LGBTQ + community thrive.

“No company does everything perfectly,” says Dorman, “but there are many companies that do very well.”

Our editorial policy

Haven Life is a customer-centric life insurance agency supported and wholly owned by the Massachusetts Mutual Life Insurance Company (MassMutual). We believe that it can be refreshingly easy to navigate decisions about life insurance, your personal finances and overall well-being.

Our editorial policy

Haven Life is a customer-centric life insurance agency supported and wholly owned by the Massachusetts Mutual Life Insurance Company (MassMutual). We believe that it can be refreshingly easy to navigate decisions about life insurance, your personal finances and overall well-being.

Our content is created for educational purposes only. Haven Life does not support the companies, products, services or strategies discussed here, but we hope they can make your life a little less difficult if they suit your situation.

Haven Life is not authorized to provide tax, legal or investment advice. This material is not intended to provide and should not be used for tax, legal or investment advice. Individuals are encouraged to seek advice from their own tax or legal adviser.

Our revelations

Haven Term is a life insurance policy (DTC and ICC17DTC in certain states, including NC) issued by the Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and is offered exclusively through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by CM Life Insurance Company, Enfield, CT 06082. Police and driver form numbers and features may vary by state and may not be available in all states. Our agency license number in California is OK71922 and in Arkansas 100139527.

MassMutual is ranked by AM Best Company as A ++ (Superior; Top Category of 15). The grade is valid from 1 April 2020 and may change. MassMutual has received various ratings from other credit rating agencies.

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