Looking for advice or resources to read on investing aligned with UU values.
I am about to start a relationship with a financial advisor to manage our investments. My wife and I want to start our investment journey with a good faith attempt at following our faithβs values and principles and avoid investing in companies that are not aligned with these values, for example, gun manufacturers or big oil. Our financial advisor is on board with and respects this approach but has given us the disclaimer that this is incredibly difficult to do with index funds since so many companies we may want to opt out of are intertwined with others. Example: the oil company is in index A, but the marketing company for the oil company is in index B, and the server farm company for the oil company is in index C and so on.
I also suffer from the ignorance of the unknown-unknown, and know very little about investing and all the possible companies that could be causing harm, and the purpose of getting a financial advisor is to have someone else worry about this who knows more than me so I can focus on doing other things with my time. Given a lot of extraneous reasons, Iβm not interested in searching for a different financial advisor.
Is there a better way? I have thought about letting my financial advisor take the wheel, and using a portion of my gains to give toward people and foundations making a positive difference in the world, my own privileged version of wealth redistribution if you will.
Those of you who have come before us on this topic, how did you approach this? Iβd love to pick your brain.
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