Socially conscious investing has long been criticized as “woke investing.” The idea that one would trade returns for some kind of intangible morality.
Such a description is, for lack of a better word, stupid.
It’s not called socially conscious charity. It’s called socially conscious investing. And really, it’s just an investment strategy that allows you to align your investment goals with your own ethical considerations.
Typically such considerations revolve around social and environmental mandates. And this strategy has actually made a lot of my readers very, very wealthy. Let me explain… Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.The Best Free Investment You’ll Ever Make
Socially Conscious Investing Mints Millionaires
When I first launched Green Chip Stocks back in 2006, the entire thesis was based on the idea of doing well by doing good. That is, using capitalism as a catalyst for positive change.
As an unapologetic environmentalist and capitalist, I caught a lot of heat for suggesting such a thing.
Those on the left wanted to know why everything had to be about money. As if they all work for free. And those on the right suggested that seeking to use my investment dollars to instigate environmental and social change would lead me to the poor house. Nothing could’ve been further from the truth.
Take Tesla (NASDAQ: TSLA), for instance.
Elon Musk and Tesla launched the transition from internal combustion to vehicle electrification. This cannot be denied. Before Tesla, there wasn’t a single highway capable EV on the road, and hardly any car company had any interest in pursuing one. But once Teslas started showing up on the roads, it turned out, there were a lot of people who wanted them.
Now we know that we have been able to displace about 1.5 million barrels of oil per day with the integration of EVs. Barely an accounting error, to be sure. But by 2040, Bloomberg data shows that oil consumption displaced by electric vehicles will rise to about 20 million barrels per day.
To put that in perspective, in 2023, the world consumed 100 million barrels of oil per day.
From an environmental perspective, this is a very big deal.
While oil and the internal combustion engine have helped lift much of the world out of poverty by enabling highly efficient global trade, that benefit hasn’t come without some negatives in terms of air and water pollution as well as the degradation of natural capital coupled with national security issues.
As one who has always wanted to see our personal transportation systems become less pollutive, I was excited to invest in Tesla when it first went public. The company had proved it could successfully build, market and sell electric cars.
Those who took my advice and bought Tesla right after it went public made an absolute fortune. In fact, a one-time investment of $10,000 in Tesla when it IPO’d is now worth nearly $1.4 million.
Not bad for what I would say is absolutely a socially conscious investment.
Another socially conscious investment I recommended was a cannabis stock called Canopy Growth Corporation (TSX: WEED).
I’ve always maintained that the prohibition of cannabis was a violation of personal sovereignty and even human rights, as cannabis has proved to be a valuable medication for a lot of sick people. So when I saw that there was an opportunity to invest in some cannabis startups in Canada — where cannabis was about to become legal, I didn’t hesitate to recommend Canopy Growth Corporation. We held onto that stock for about three years before selling it for a 3,015% gain.
A one-time investment of $10,000 turned into more than $300,000 in less than 3 years!
This idea that one cannot create wealth by investing in socially conscious companies is not only absurd, it’s absolutely untrue.
Of course, I’m not suggesting socially conscious investing is for everyone. In fact, I would argue that a very small percentage of investors care much about it at all. But to suggest that it can’t be profitable is an exercise in foolishness.
If you’re unfamiliar, private solar royalties are monthly cash dividends you can earn from various solar projects across the globe.
It’s pretty simple, actually.
You just log onto a special portal where you can choose from a variety of different solar projects, invest in one or more of them, and then immediately begin earning monthly cash payments.
And these are not trivial payments.
Some of these investments are paying an estimated internal rate of return as high as 16%. And the best part is that these monthly payments are not affected by the public markets because these are not public equities.
They’re private deals, and you earn your monthly payments directly from the company, regardless of whether we’re in a bull market or bear market. Your payments are locked in. They can’t lose value if the Dow or Nasdaq tanks.
This has been one of my favorite investments for the past three years, and I even put together this short beginner’s guide to private solar royalties, so you can see for yourself, exactly how private solar royalties work and how much you can make from them — which is a lot.
In fact, there’s one deal that can earn you an estimated $98,325 in royalties on monthly investments of just $100.
Of course, $100 is the minimum investment on these things, but you can certainly go in for more.
Bump that up to $1,000, and you’re looking at an estimated $983,255.
That’s nearly $1 million — just from monthly royalty payments.
Some may call this a socially conscious investment. And that would be correct.
But I just call it a smart investment that can provide you with steady income for as long as 20 years. And really, that’s why so many investors are profiting from these solar power royalties right now.
You can start earning your monthly dividends right now, too. In fact, unless you hate money, I don’t see why anyone wouldn’t want a piece of this action. Bottom line: it’s just easy money. So you might as well take it. To a new way of life and a new generation of wealth… Jeff Siegel
@JeffSiegel on Twitter
Check us out on YouTube!Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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