Online trading is one of the most sustainable ways of growing your money. Through professional financial brokers, you can get access to trading platforms where you can trade everything from stocks and commodities to cryptocurrencies and forex trading.
In the wake of the COVID-19 crisis and as we face a more uncertain future than at any time in recent history, people all over the world, acknowledge the interdependence of capital markets, economies, environmental constraints, social trends, and human behavior. Private investors have particular latitude in determining what they consider important, how they invest their capital, and the accountability they expect from their investment partners.
According to the US SIF Foundation’s 2020 Report on US Sustainable and Impact Investing Trends, as of year-end 2019, one out of every three dollars under professional management in the United States, $17.1 trillion was managed according to sustainable investing strategies.
The first step to successful investing is identifying the right broker to assist you. You should evaluate your advising partner based on the following criteria:
- The online trading platform should have a bunch of green investing options including healthcare, and responsible technology.
- The broker must be recognized by local regulators.
- The trading platform must support Islamic finance regulations.
- All terms and conditions for investing should be clearly defined.
- Read the small print so there are no surprises.
As the global movement for an environment friendly planet grows, there are more sustainable indices and funds available to traders and investors than ever before. Today, there is a huge demand for socially responsible impact investing funds, which are also known as Environmental, Social, and Governance (ESG) funds.
Ethical investing is any investment strategy which seeks to consider both financial return and social/environmental good to bring about social change regarded as positive by proponents. Other than the clean energy options, you can trade in precious metals and food items which are not necessarily sustainable but also not damaging to our planet.
The cryptocurrency market is the newest and most sustainable market to trade on right now. Similar to regular currencies, cryptocurrencies are not connected to any oil-drilling companies. However, what makes them more sustainable than currencies are that they are decentralized and therefore, not even connected to a central bank or a specific country.
Sustainable investing is about investing in progress, and recognizing that companies solving the world’s biggest challenges can be best positioned to grow. It is about pioneering better ways of doing business, and creating the momentum to encourage more and more people to opt in to the future we’re working to create. Assets in dedicated sustainable investing strategies have grown at a rapid pace in recent years, and this trend is showing no signs of slowing.
Commitments to manage climate change, such as the Paris Accord and the UN Sustainable Development Goals have galvanized international support for sustainability. This has been substantiated by a wave of popular media support for environmental causes driven by global influencers such as former US Vice-President Al Gore, former US President Barack Obama, and, more recently, Swedish youth activist Greta Thunberg. Clearly, sustainable investing is here to stay and grow – it is not merely a flavour of the season!