[lbo-talk] socially irresponsible investment (again)

[Adam Souzis]

On 4/17/05, Doug Henwood <dhenwood at panix.com> wrote:
> Adam Souzis wrote:
> 
> >But at the margins, why not include social responsible funds in the
> >mix? It's better than nothing.
> 
> Have you looked at what they have in their portfolio?
> 
> Here are the top 10 holdings in the KLD index
> <http://www.kld.com/benchmarks/topten.html>:
> 
> 1. Microsoft Corporation
> 
> 2. Johnson & Johnson
> 
> 3. Intel Corporation
> 
> 4. American International Group, Inc.
> 
> 5. Procter & Gamble Company
> 
> 6. J.P. Morgan Chase & Co.
> 
> 7. Cisco Systems, Inc.
> 
> 8. Wells Fargo & Company
> 
> 9. Verizon Communications
> 
> 10. Dell, Inc.
> 
> At least they seem to have dropped Wal-Mart. But it was there 5-7 years ago.
> 
> Doug

yes, exactly! the difference between them and any other large cap
growth fund is marginal. And that margin of difference is wal-mart and
(i assume) lockheed and rjr nabisco (guess they're called altria now
-- as in altruisic -- brillant doublespeak) , etc. So yes a very
marginal difference but a difference nonetheless and since you have to
invest in any event if you want to be able to retire eventually, the
amount of effort and risk of choosing something like this over an
equivalent fund from fidelity or whatever is pretty marginal too.

-- adam