{"id":1303,"date":"2013-05-13T00:00:02","date_gmt":"2013-05-13T00:00:02","guid":{"rendered":"https:\/\/losfresnosnews.net\/?p=1303"},"modified":"2013-05-10T19:27:34","modified_gmt":"2013-05-10T19:27:34","slug":"stock-market-reaches-new-high-but-more-investing-locally","status":"publish","type":"post","link":"https:\/\/losfresnosnews.net\/?p=1303","title":{"rendered":"Stock Market Reaches New High, But More Investing Locally"},"content":{"rendered":"

Dow Jones Closed Friday at 14,974<\/h2>\n

by John Michaelson (TNS)<\/em><\/p>\n

\"

More and more investors are moving away from global capital markets to put funding into local enterprises, where there\u2019s a positive social impact along with a return. Photo: Herval\/TNS<\/p><\/div>\n

AUSTIN, Texas – With technology meaning an ever-connected world, the options for investing these days are nearly unlimited, but a growing trend in the nation is to consider portfolios that have a positive social impact locally. John Bloom, senior director of organizational culture, RSF Social Finance, said he has seen a record number of clients diversify away from global capital markets to invest in local enterprises working in areas such as food and agriculture, education and the arts, and ecological stewardship.<\/p>\n

According to Bloom, investors are taking things personally.<\/p>\n

\u201cWhat we\u2019ve seen is people saying, \u2018This doesn\u2019t work for me anymore. I want to know where my money is working. I\u2019d like to be able to align my money with the values that I hold dear. I want to know that it\u2019s having impact in a world that I feel really good about.\u2019,\u201d he explained.<\/p>\n

The goal of socially conscious investment is to transform the way the world works with money – lending, investing and giving, Bloom said.<\/p>\n

Another proponent of keeping investments close to home is Judy Wicks, co-founder of the Business Alliance for Local Living Economies (BALLE). Wicks pulled all of her money out of the stock market about 15 years ago and focused on her city\u2019s reinvestment fund, which came along with a guaranteed rate of return, she noted.<\/p>\n

\u201cOn top of that, I know exactly what my money is doing,\u201d she said. \u201cIt\u2019s building wind turbines and charter schools and local food enterprises here in my own community. People are starting to wise up and invest locally, because when you invest locally you get what I call \u2018a living return.\u2019\u201d<\/p>\n

On May 3, the Dow closed at a new record, just shy of 15,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dow Jones Closed Friday at 14,974 by John Michaelson (TNS) AUSTIN, Texas – With technology meaning an ever-connected world, the options for investing these days are nearly unlimited, but a growing trend in the nation is to consider portfolios that have a positive social impact locally. John Bloom, senior director of organizational culture, RSF Social […]<\/p>\n","protected":false},"author":4,"featured_media":1304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/1303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1303"}],"version-history":[{"count":1,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/1303\/revisions"}],"predecessor-version":[{"id":1305,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/1303\/revisions\/1305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/media\/1304"}],"wp:attachment":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}