Charging Towards Change
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If you’re suddenly wary about attending an event or taking that trip, we feel you. We are still waiting for more details about the Omicron variant, but the message has been to exercise caution and get a booster.
Investors, too, are weighing the odds, causing the stock market to be very bumpy and volatile lately. Even the popular tech growth stocks that soared during the pandemic weren’t spared last week after the Fed spoke of tapering its economic stimulus measures due to rising inflation. (More on growth stocks below.)
That being said: if you’re just getting started as an investor, the best thing you can do is ignore all of this noise, kick back with some eggnog and stay invested. This great chart shows what you risk losing if you try to time the market and fail (which most people do).
So what can you do? It is a great time to learn more about the companies and funds you are invested in or considering for your portfolio. And FWIW is here to help. One wonderful resource in the news this week is the CDP, an international nonprofit that maintains a database of environmental disclosures from corporations and assigns them scores based on their transparency and performance. It released its annual “A list” of environmental leaders, highlighting 272 firms worth a collective $2 trillion that earned an “A” in one of their categories, and fourteen standouts that achieved a “triple A” score. The bad news: only 2% of the 12,000 companies included earned an “A” grade, and another 17,000 failed to provide any data. You can find the entire list here or look up the score of any company here.
What we've been thinking about ...
- Making aviation history last week was a United Airlines passenger flight using 100% sustainable aviation fuel (SAF), and British Airways signing a multi-year SAF supply deal. High costs and low supply are still hurdles for SAF.
- Women-first dating app Bumble may be dealing with weak user growth, but it has surpassed $1 billion global consumer spend—one of only 15 non-gaming apps to do so. FYI, women are in control at Bumble HQ, too: senior leadership is majority women and the CEO is the youngest self-made woman billionaire.