Earth Day is almost here. As a citizen, you may want to take part in a local event. But as an investor, you can learn a few lessons from this celebration of the environment.
One message of Earth Day is the need to reduce toxins from our air, water, and land. Your portfolio also can contain some toxic elements, such as investments that have consistently underperformed, or are now too aggressive for your risk tolerance. You may want to consider replacing them with others more appropriate for your needs.
Earth Day also stresses the importance of renewable energy sources, such as wind and solar. When you invest, you, too, should look for renewables – investments that keep paying you back, such as bonds, which provide regular interest payments, and some stocks that may pay dividends.
Some Earth Day events involve planting trees. When you invest, you are, in a way, planting seeds of opportunity by placing money in investments you hope will grow over time. With patience and discipline, your efforts might be rewarded.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
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