Who claims that financial investments are incompatible with the theme of sustainable development? This is exactly what French fintech is actively working on Good vest.
This allows you to invest in a financial product that generates an attractive return while fighting climate change. It stands out from the many players in the industry who use the green argument as a rather unscrupulous marketing method. Even the French company wants to do better than players who offer investments that are compatible with sustainable development but at the expense of returns.
By opting for its life insurance, you will only be exposed to funds that comply with the principles of the Paris Agreement signed in 2016. On its official website, Goodvest specifies that it analyzes “The carbon footprint of companies and projects: therefore, all our savings portfolios have a global warming trajectory of less than 2 ° C”which recalls this agreement concluded between 194 States and the European Union.
Economists have begun to say that there is no “free lunch” (no free meals). In other words, the high profitability of a financial investment is accompanied by a significant risk; and any safe investment has a low return.
Depending on your profile, you will then have the possibility to choose between various portfolios to adjust this risk-reward ratio. Goodvest has the distinction of not offering euro funds known to be capital guaranteed investments. There will therefore always be a risk dimension in your investments, but you have the option to limit it as much as possible.
In a few clicks and by entering some information on your profile, the fintech simulator will let you know which return you can request. Of course, past performance does not predict future performance, but it can still give you some pointers.
Simulate my performance
Naturally, investors (seasoned and not) who have convictions in terms of sustainable development will be the first to embrace the methods used by Goodvest. However, French fintech is for everyone : its life insurance certainly has an ethical and environmental dimension, but the returns are completely in line with market standards (or even better).
As you can see below, the past performance of its five portfolios has produced a performance of between 3.72% and 10.75% per annum, net of management fees. While the Livret A booklet generates a negative real return (1% net … but 4.5% inflation over 12 months, data recorded in March 2022), this alternative proposed by Goodvest deserves to be considered.
Goodvest, in addition to the dual role of a company registered with the ORIAS and of Financial Investment Advisor (activity regulated by the AMF), entrusts the management of this life insurance to its historical partner Generali.
First means of saving in France
While the concept of life insurance may seem outdated and rigid for the young, it is still the first means of saving in France (far ahead of the Livret A). According to data published by the organization France Assureurs, at the end of December 2021 unpaid life insurance contracts reached 1,876 billion euros.
Life insurance is a long-term investment which is nevertheless bound to be very flexible. If you have a real advantage in keeping your savings over a period of 8 years (to get a very attractive tax deduction), the capital is still available at any time if needed.
If you can’t resist for that long, you can also consider this Goodvest offer as a classic financial investment subject to the single lump sum deduction (30%), like an investment in shares, for example.
By choosing the funds proposed by the French Goodvest, you have the opportunity to be exposed to global themes: environment and ecological transition, green energy, access to water, employment and solidarity, health and research or even leading emerging countries. This makes investing more accessible to those who don’t necessarily know the companies active in these segments.
Entrance ticket at 500 euros
Whether it’s life insurance or investment funds, the entrance fee is often a barrier to entry for the general public. Goodvest removed this constraint by asking only for an initial capital of 500 euros. It opens the door to financial products that have long been reserved for a small elite.
To raise public awareness of (sustainable) investing, Goodvest offers clear and in-depth monitoring on its platform, in line with its excellent performance simulator. After choosing a portfolio from its range, you will receive an environmental and social news feed of related companies and projects.
Simulate my performance
Finally, to stay consistent with socially responsible investing, Goodvest had to be transparent about fees. As it manages all the online service, it is able to do almost 2x better than the rest of the market. On average, your savings cost between 1.65% and 1.90% per year depending on your profile. There are three levels of fees which are transparently detailed on the official website.
An exclusive offer for our readers
What’s better than a small financial advantage to start investing? Goodvest allows our readers to take advantage of the referral code PRESSECITRON to get an immediate reduction of up to 500 euros on your management fees. This will allow you to further reduce your bill for the first steps in life insurance.
To find out more, go here:
I start with Goodvest
In collaboration with Goodvest