I'm in my mid-30's. Currently I work as an investment specialist at a brokerage firm based in St. Louis. The pay and benefits are enough for me and my wife to make an average living for now, but not enough to establish financial security. Plus, I'm getting tired of my current job so I want to make a move.
Last year, I started to learn about a new way of investing that combines "do good" and "do well". In finance, this area is called "impact investing" or "socially responsible investing". Although the long-term return is not necessarily better than market average, I have become very fascinated with the idea. I'm an altruistic person and I have been very aware of many social & environmental issues. It would be a blessing for me to work in the field where I can combine investing and purpose.
Recently I have begun looking for a job in this field. Unfortunately, I haven't found any opportunity in St. Louis. I may have to move to NYC or LA or DC to have a better chance.
My conundrums at this time:
I have zero connections in this field
I lack "direct" experience in this field, although I believe my current skill sets + my strong interest + my willingness to learn can still make me a strong candidate
For some reasons, I cannot move to another city now. If I'm lucky, I can move in two years
Opportunities in this field are very rare (especially in the current COVID world), and I must join a very established firm to enjoy more financial security (I plan to have a baby next year)
I believe I cannot be successful without working for what I am truly passionate about. Also, I'm not in my 20's anymore, so I really want to be in this field asap to build my skills, experience, and career. However, the reality seems not to be in my favor.
I would like to hear some advice. If you were me, what would you do?
Thanks for your time reading this long post and I appreciate your constructive feedback.