The Redwood Fund is an OK choice, but you can pay less in fees if you invest in a sustainable ETF. The fund owns fewer than 50 stocks and has a new management team, so we do not recommend putting all your IRA savings in it.31 Oct 2021
Is Redwx a mutual fund?
The fund launched in November 2015. Parent company Aspiration's website calls itself a “financial firm for all.” The firm offers two mutual funds and other financial services such as banking and IRAs.
What is the aspiration Redwood fund?
The Aspiration Redwood Fund is a fossil fuel-free fund investing in sustainable businesses that are leaders in their industry when it comes to caring about their people, the planet, and their company's purpose and mission.
Which is the best fund of funds?
Scheme Name Plan 1Y
---------------------------------------------------------------------------- ----------- ------
ICICI Prudential S&P BSE 500 ETF FOF - Direct Plan - Growth Direct Plan -
IDFC Asset Allocation Fund of Funds - Aggressive Plan - Direct Plan - Growth Direct Plan 22.03%
Franklin India Dynamic Asset Allocation Fund of Funds - Direct - Growth Direct Plan 36.21%
Is the aspiration Redwood fund an IRA?
Launched in November 2015, the Redwood Fund (REDWX) is an actively managed, fossil free mutual fund that invests in large-cap U.S. stocks. In addition to the Redwood Fund, Aspiration offers checking and savings accounts, a recently launched carbon-neutral credit card, and an IRA.31 Oct 2021
Can I invest in aspiration?
Investment Accounts Aspiration only has one mutual fund. You can invest in it through an IRA or a taxable investment account. The fund is focused on ESG- environmental, social, and governance. The fund is fossil-fuel-free, so none of your money will be invested in oil companies.