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chicagojoe Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 12:31 PM
Original message
Investment question.
I'm trying to make some of my modest money work for me. I work so hard for it, it's time for my cash to return the favor. Anyway, are there any investment firms that I can do business with that are "left leaning"? Over the past few years, I've seen comments in articles that suggest Goldman Sachs might be one. Am I correct in this perception? Any help in this area would be greatly appreciated. Thanks in advance.
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Zan_of_Texas Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 12:43 PM
Response to Original message
1. Are you sure you want a full-service brokerage?
Edited on Fri Mar-11-05 12:56 PM by Zan_of_Texas
I would stay away from all those types if possible.

Do you know about socially conscious investing?

There are a handful of mutual funds that do that -- they screen out companies that are big polluters, weapons makers, etc. Each one has a slightly different set of criteria. A couple to check are Domini and Citizens Funds. Also Calvert Funds.

Read about the concept here:

http://www.socialfunds.com/page.cgi/article1.html
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Zan_of_Texas Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-11-05 12:55 PM
Response to Reply #1
2. Here are a few specific funds.
Calvert Social Investment Fund: Bond Portfolio CSIBX
Pax World High Yield Fund PAXHX
Neuberger Berman Socially Responsive NBSRX
Pax World Growth PXWGX
Calvert Large Cap Growth CLGBX
Calvert New Vision Small Cap CNVAX
Domini Social Bond DSBFX
Citizens Income WAIMX

That's their symbol at the end.

Note: I am not RECOMMENDING these - just offering them for you to do your own research. Different people will want growth or income, depending on their individual circumstances.

Problem with investing right now is that the US dollar is falling, and there seems to be no reason it will reverse. Plus, it seems that interest rates will rise, slowly or quickly. That makes US stocks AND bonds not such a good investment for the short term. Sigh.

One place that is sort of the national expert on mutual funds, where you can learn more, is Morningstar -- http://www.morningstar.com/
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Zan_of_Texas Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-12-05 11:23 AM
Response to Original message
3. Hey! Did that help? Or, are you for sure you want to use a ....
big brokerage house?

Or, did you go off to catch up with Michael Jackson news.....
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