It’s “Move yo Money Month” I know where I am putting mine!

My name is Jason, I’m a 35 year old software developer. I have lived in Brixton for the last nine years and love the area. I have just invested in the Brixton Energy scheme and want to tell you why – in the hope that you will too.

My previous attempt at an ethical investment

About seven years ago I had some spare money to invest and put it in an ecological stock market investment fund. I wanted to know my capital was being used for causes I believed in and to help build a sustainable future. Naturally enough, I also wanted to make a few quid! How did the fund worked out? Well as everybody knows the stock market went down the toilet. Over the last seven years my investment hasn’t even kept up with inflation.

"We all know what happened with the stock market"

A nagging feeling from the very beginning was that a sizeable chunk of my money went to pay the fund managers salary. I doubt they were bad people but given what we have learnt about stock market excess and bonuses. I can’t help but feel that some of my hard earned money was squandered on Champagne, cigars and class As. It felt like I was investing my money in a broken financial system that contributes to inequality and environmental destruction.

Plus I was totally disconnected from my investment. As it was an ecological fund at least I knew my money had not been given to Lockheed Martin or British Tobacco but a company like East Japan Railway doesn’t pop up much in my day to day life.

Why I am investing in Brixton Energy

  1. This is a real way to be part of a real change for the environment. Like lots of people a couple of years ago I did lots of small things around my flat, like change light bulbs and recycling. I was left feeling a bit apathetic after that. What to do next? Brixton energy is the first scheme I have seen where I feel we can take action to tackle climate change.
  2. I believe solar power is a technology that will create a cleaner better world. I would love to put solar panels on the roof of my flat but I don’t own my flat so I can’t.
  3. I want to invest in a local scheme that I can be a part of, where every investor gets a vote.
  4. I will know everytime I walk past Loughborough Estate I will have made a difference to my local community.
  5. It is not just about solar power. The profits from the scheme will help promote energy efficiency in the area ensuring the energy we generate isn’t wasted.

What I’m doing and what I hope you will do too

So this week I closed my ecological stock market investment fund. I’m going to invest my money in Brixton Energy instead. If you are thinking about investing in an ISA or an ethical investment fund or have some money lying around please ask yourself whether Brixton Energy would be a more rewarding place to invest your money.

letter of renunciation

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