A friend emailed to ask my opinion of an investment he’s considering. Right away I knew he was in trouble, because he was talking about how the technology could make the world a better place, how it could undermine the evil oil companies, it was a good cause, etc. Nothing about fiscal criteria.
Here’s what I told him and my advice for you as well…
Make your investments based on their ability to make a return for you. Give money to causes that will save the world.
If they sometimes intersect, that’s wonderful. But don’t make investments clouded by emotion, because you think it’s a good cause. That’s how you go broke. And when you’re broke, you can’t help anyone and end up needing help yourself.