I get a lot of requests to write about “green” personal finance. I intend to cover the subject during next month’s Blog Action Day, but if you’re looking for tips before then, be sure to check out the current issue of Kiplinger’s Personal Finance. The October 2007 edition arrived in my mailbox over the weekend, and it’s devoted exclusively to environmentally-friendly choices, with articles about:
- Carbon offsets — What are they? How do they work? Are they worth the hassle?
- Green investing — Kiplinger’s examines eco-investing from several angles, looking for green companies that are also solid investments.
- Alternative energy mutual funds, including an interview with the two men who created the first.
- Solar energy — What’s it like to install solar panels on your house? The magazine talks to one person who did so.
- Choosing green cars and other green products.
At least one article is already online. Jane Bennett Clark writes about 29 ways to save and conserve — at the same time. She’s created a list of 13 tips to trim energy use and 16 steps to stop wasting water.
If green is your thing, you’ll want to find a copy of this issue. Your local library is sure to have it.
This article is about Books, News Monday, 17th September 2007 (by J.D. Roth)


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September 17th, 2007 at 7:36 pm
Hooray! I love that the issue of green investing is getting more and mainstream press. I can’t wait to read your upcoming take on it.
September 17th, 2007 at 8:50 pm
You might also like Socially Responsible Index funds - Vanguard’s offering is a passive fund with an MER of 0.25% (!) and most of the indices that track socially resonsible investments match the returns of the S&P500…
September 18th, 2007 at 3:36 am
This issue has made me question my subscription. I may have to cancel. You know, to save a tree.
September 18th, 2007 at 5:51 am
I strongly recommend the reviews of ethical/green investment in the Motley Fool Investment Guide (UK edition, mine is actually the 1999 one).
Being a rabid greenie, I’m genuinely interested in green investment, and this book neatly summed up various of my concerns, a key one being that you pay over the odds for the green label (although to be fair, green funds are now competitive). It also pointed to an aspect of ethical investment I’m quite keen on; ie, that to really be green you need to change the behaviour of non-green companies, rather than just opting out in only buying green/ethical. MF discusses shareholder activism (where you buy shares in bad companies, and then exercise shareholder rights to demand change) including a neat solution of the ethical quandary of profiteering from your non-ethical shares.
It seems a bit silly to save loads through a green lifestyle, but then squander it on lazy green investment solutions. And just don’t get me started on greenwashing of corporate brands!
September 18th, 2007 at 7:04 am
I hear next month is their annual snake oil issue.
September 18th, 2007 at 8:29 am
Wow, going to a library to read something! That is positively prehistoric. Thanks for the tip - I’ve just put out a message on my local freecycle hoping for neighbor who subscribes and will share their Kiplingers.
Another excellent source on Green Investing, as well as socially responsible cd’s, is http://www.coopamerica.org
I am excited to have made the cut and am running for a board seat on coop america.
Glad your computer server woes abated.
September 18th, 2007 at 8:31 am
The editor states in the magazine he is only green when its convenient. he also mentions he probally will not change either.
September 18th, 2007 at 9:37 am
Carbon trading seems like a scam, or a cop-out. Still wasting as much energy as possible, while buying a few trees? Please. Reduce instead.
September 21st, 2007 at 6:02 am
[...] Sep 21st, 2007 by cheaplikeme This week, Get Rich Slowly addressed the latest issue of Kiplinger’s, which talks green: http://www.getrichslowly.org/blog/2007/09/17/the-green-issue-kiplingers-tackles-the-environment/ [...]