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Can you invest in a way which is environmentally and socially conscientious while still producing solid returns? ESG—shorthand for Environmental, Social, and Governance—was a modern response to that challenge. A framework, not a fixed destination, ESG aimed to bring a broader perspective to investment analysis, incorporating long-term systemic risks and opportunities alongside traditional financial metrics. But over the past few years, ESG moved from innovative insight to political football. Once one of the financial industry’s boldest growth areas, it has now become a flashpoint of both regulatory scrutiny and ideological debate. The story of ESG is not one of failure, but of evolution—a maturing concept being recalibrated for a more complex, more informed investment landscape. This article explores ESG’s path: how it rose so rapidly, why it faced backlash, and where thoughtful investors go from here. Most importantly, it outlines how ESG principles can still serve as powerful tools within...
08.15.2023
The cost of a college education is typically the first great expense a young person encounters. According to the Massachusetts Educational Financing Authority (www.mefa.org), an average in-state public college will run roughly $24,000 for the 2023-2024 year and a little more than $100,000 for a four-year degree. Meanwhile, the average private college will cost about $55,000 for a starting freshman and could total more than $230,000 over the course of four years. Herbert Stein, an American economist, famously said, “If something cannot go on forever it will stop.” The growth of college costs will peak at some point and then recede; when that will occur is much more difficult to predict. Until that time, we will address circumstances as they currently are—how to finance this significant expenditure and how to view saving for college as a wealth transfer strategy. For the purposes of this piece, we will assume that our future...
