Im studying for my Psychology class and need an explanation.
Mike has recently inherited a sizable amount of money and is looking to invest it. He is considering several options and has met with a number of financial advisors to help him narrow down the options and decide where to invest his funds. Some of the advisors are suggesting funds that have characteristically been solid but conservative performers, but are based on products and services that are not environmentally friendly. Since Mike is very passionate about supporting and protecting the environment, he consults with other advisors who suggest that he align his investment strategy with his passion and suggest several funds that are also solid performers, but not quite as aggressive as those funds that do not support environmental issues. Mike needs to make a relatively quick decision, as the tax deadlines are looming.
Consider the following:
How would you invest the funds if you were Mike?
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