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electric_nan@lemmy.ml ⁨1⁩ ⁨week⁩ ago

• Tehdastehdas@lemmy.world ⁨1⁩ ⁨week⁩ ago

  I think the most ethical thing to do is to help the most ethical companies trying to stay clean in a dirty economy. Surely there are good-enough ones in all countries and sectors. Makers of wind turbines, solar panels, batteries, cable, bicycles, electric vehicles (trains and trams!), etc. ASML, TSMC, Tuxedo, Fairphone, etc.

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  • electric_nan@lemmy.ml ⁨1⁩ ⁨week⁩ ago

    I agree with you and your examples generally, but then that sounds like “active investing” which I have neither the time nor the “risk appetite” for.

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    • Tehdastehdas@lemmy.world ⁨1⁩ ⁨week⁩ ago

      The activity can be limited: Once in about 5 years, buy a diversified portfolio of 30 companies in at least 10 countries on at least 2 continents in at least 3 unrelated industries, and forget for 5 years. It’s easy nowadays through many banks’ websites. Maybe prefer to buy in a depression and sell on a bubble if you’re feeling extra active.

      Between stock sprees, save into a regular savings account.

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    • jpeps@lemmy.world ⁨1⁩ ⁨week⁩ ago

      On the topic of active investing, I’ve been led to believe there is some case for investing in brown/unethical companies (eg oil industry) on the basis that the investment only be used for green projects. Obviously this isn’t something an individual investor could do, but the principle is that a massive oil company like Shell could do more good with a large investment, bringing in large coordinated green programmes or just undoing their brown programmes, than that same investment split up into lots of smaller and newer green companies with different goals, lots of independent overhead etc.

      I’m as equipped to make the argument as I am able to enact it, but I think it’s an interesting thought at least.

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      • electric_nan@lemmy.ml ⁨1⁩ ⁨week⁩ ago

        Sure, if you or a consortium control a majority of voting shares, you can make the company do whatever you want. Doesn’t seem very realistic to me.

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• jacksilver@lemmy.world ⁨1⁩ ⁨week⁩ ago

  So what do you invest in then? It feels really hard to find any opportunities outside of the stock market.

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  • electric_nan@lemmy.ml ⁨1⁩ ⁨week⁩ ago

    I don’t lol. I just save it in a credit union. I’m not judging people who invest. I also have economic anxiety. I just can’t bring myself to participate in that way.

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    • jacksilver@lemmy.world ⁨1⁩ ⁨week⁩ ago

      Thats fair, it’s a bit nerve racking (especially right now with everything going on). If you’ve got a good interest rate on the account then you’re at least not loosing too much value, but the main reason to invest is that money looses value over time (due to things like inflation).

      Not a fiduciary or anything like that, but double check your at least getting at least 3% on your savings accounts, otherwise you’re basically throwing money away.

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• Squizzy@lemmy.world ⁨1⁩ ⁨week⁩ ago

  You can find firms that create tailored ethical funds. Depending on the criteria it could rlate to emissions, DEI, civil rights etc. They are not hard to find and I have had success with them.

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