Horses for Future Episode 19: Planning for the Future - A Conversation with Reid Prinzo
When I recorded this podcast at the beginning of April, in New York State where I live we were very much caught up in the planning for the peak of the corvid-19 hospitalizations. Today as I publish this, it is beginning to look as though the curve may be plateauing out. That’s good news indeed. It still doesn’t tell us what lies ahead. How long will this pause in our lives continue. How much time do we have to build new habits, to make choices about how we want to continue on? Do we really want to go back to what we were doing as a community or can we use this time to plan for a better future.
Planning for the future is what this podcast is about. I’ve asked Reid Prinzo to talk to us about investing in our values. Reid is a financial advisor. He’s a member of Bryant Asset Management. One of the areas he’s particularly interested in is ESG and sustainable investing. In this podcast I ask him what that means. This may seem like an odd topic when we’re in the midst of the corona crisis. People are out of work. Businesses are struggling. In March the stock market went on a wild roller coaster ride. For many of us our income has dropped off a steep cliff and we’re talking about investments!
It actually seems like a good time to talk about investments. There are lots of reasons why people may be thinking about what they should be doing with their savings. If they can hold on through this current crisis, what changes, if any, should they be making? All that cash someone may have been stuffing into a mattress - are people ever going to want to touch cash again! Maybe they should be investing it somewhere instead.
There are all kinds of reasons why you might be looking at making some changes in your savings. If that’s the case, you can invest in companies that are aligned with your personal ethics. You can invest in your values through sustainable investing. The podcast will explain what that means.