You might want to be socially conscious and do the correct thing, both in your own community and in the larger global community. Maybe you are concerned about environmental issues or about opportunities for fair trade, human rights, or perhaps you're passionate about protecting wildlife or encouraging healthy diet and exercise for young people.

Whatever your area of interest, you may want to act in a way that's in accordance with your personal beliefs and convictions. But at the same time, you may be interested in making a profit in the stock market.

Many see this as an irreconcilable conflict, however it doesn't have to be, thanks to several stock funds that have been created to specifically cater to the needs of people who want to play the market without discrediting their own personal ideals.

Mutual funds are a great method to delve into the socially conscious side of Wall Street. These are not single stocks, but groups of stocks which are managed by trained professionals. When you buy a share in a mutual fund, you're essentially contributing funds to a mutual fund.

The fund's manager will use that revenue to buy stocks that he or she thinks will do well and meet the objectives of the mutual fund's investors. Because these funds value diversity of assets, they are somewhat protected from the risk of only owning shares of an isolated business.

And these days there are many mutual fund companies that focus on socially conscious investing. When you buy into their funds, they promise to use your funds only for investment in companies that promote the things you believe in. You get two benefits.

First, you get the peace of mind of knowing that your stock market investments are for wonderful causes. Secondly, you're able to promote your causes and support the companies that share your values, by placing your hard-earned money behind your commitment to those values.

When you get to own shares in businesses that are trying to succeed by doing the kinds of things you want to see accomplished in the world, so you have a chance to reap both financial rewards and personal fulfillment.

You can also buy stocks in individual businesses, by doing some background research to find out which ones meet your standards.

For example, if you choose to help protect the planet from companies that pollute, you could purchase stock in companies that make "green" products like alternative fuels that don't contaminate the atmosphere. Or you can purchase stock in companies that clean up oil spills, plant trees, or manufacture biodegradable consumer products.

It really is possible to make money in the stock market and at the same time stay devoted to socially conscious values, by putting your money into the best stocks. To learn more, talk to a knowledgeable stock broker and ask for a list of firms that fit your criteria. They might suggest looking into reverse mergers, merger acquisitions, or even mergers companies.

The idea is that you are able to have your cake and eat it too.

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