For those of you out there who are interested in investing your money in social and environmentally conscious organizations, here are a few to check out.

  • Clean Edge works to help investors, industry, and society understand and profit from clean energy. They offer a NASDAQ Clean Edge U.S. Index with a list of a couple dozen green options for your investment dollars.
  • New Alternatives Fund invests in renewable energy, check a list of the investments to know what you are buying in to. I checked out their ticker, NALFX, and it has been on a steady rise so they must be doing something right aside from just a nice fuzzy feeling.
  • Green Century Balanced Fund actively seeks out competitive returns while still being eco-friendly. Unfortunately both of their equity funds GCEQX and GCBLX seems to be a bit to balanced for my liking.
  • PowerShares WilderHill Clean Energy Portfolio is also into renewable energy companies, check out their commodities here.

We’d love to hear from readers if you have more tips out there for energy friendly picks.

Cheers,

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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