I'm pretty new at this and planning on starting a Roth IRA. I'm interested in socially responsible (or green) investing and wondering whether this should affect which company i choose that start an IRA with. Does it matter if I go with a big one like Fidelity or a smaller one? Will I be supporting a giant "evil" corporation by going with a big firm over a small one? How do I find out which companies are the most socially responsible?Any suggestions or insights would be greatly appreciated.Thanks.
Any suggestions or insights would be greatly appreciated.Go for service, low fees and expenses, and at least average or above average returns on a consistent basis. Forget green, unless you're referring to money.
How do I find out which companies are the most socially responsible?One place to look might be: http://boards.fool.com/Messages.asp?bid=100107 --SirTas
This site might have some ideashttp://www.socialfunds.com/Also, google "Socially Responsible Investing" for ideasHohum
...Will I be supporting a giant "evil" corporation...The mutual fund companies have different ownership structures. Fidelity is basically a family owned company. Others are owned by groups of people and there are probably some that are publicly traded companies buy can't think of one off the top of my head.Vanguard is unique in that it is set up like a credit union and technically owned by the people who own shares in their mutual funds. This means that its costs are usually(but not always) lower since they don't have to generate a profit for the owners. A fraction of a percent lower cost is a big deal when money is invested over decades, which is why it is a favorite of many informed independent mutual investors. One of the downsides of Vanguard is that they don't have local offices and unless you happen to live near their headquarters, you have to do everything through the phone, mail or on the Internet. They are best for their mutual funds, if you are going to do a lot of buying and selling of individual stocks there are significantly less expensive choices.Greg
Thanks to everyone for their suggestions, particularly watty56 (greg)...I was more interested in how the larger investment firms are set up and structured. I was able to find a lot of information on SRI but i wasn't sure how that applied to IRAs and the companies that the IRA is run through.Thanks again.Jeremy
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