Being decisive with socially responsible investment

When it comes to choosing which fund is the right one for your private wealth, even the greatest investors can be struck by indecision.

But according to the Forbes magazine, the key thing is figuring out exactly how to overcome these mental hurdles; if you can master this, then you will be in a position to quickly take advantage of any investment opportunities as they arise.

Management consultant Steven Berglas, who has published books on the psychology of entrepreneurship, wrote for the publication that ongoing success can often be the stimulus for indecision, as it can prompt people to second-guess their opinions.

"[This indecision] is so prevalent that I gave it a name so I could more readily help folks accept it as non-career-threatening: I call it 'Executive Yips,' like the kind a golfer suffers when sweating over a three-foot, straight-uphill putt," he explained.

He suggests the best way around such chronic indecision is to stop worrying about what other people think of you; trust your 'gut'; prioritise your demands; and listen to your conscience.

This last point is a particularly worth considering when it comes to decisions concerning social investment funds, which offer investors a way to support social enterprises with their private wealth, such as health and care products and services.ADNFCR-2318-ID-801261767-ADNFCR