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YSK I’m profiteering off of the masses thinking like this by not moving my money. It’s worked for me every time someone told me “you should reinvest”
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Submitted 6 days ago by Tehdastehdas@lemmy.world to youshouldknow@lemmy.world
Comments
LazerDickMcCheese@sh.itjust.works 6 days ago
Tehdastehdas@lemmy.world 6 days ago
That’s how the evil profit the most, and voting with your feet has limited effect. The correct solution is regulation and EU-mandated boycott.
MutilationWave@lemmy.world 6 days ago
Trump and Elon are going to crash the economy. I know the stock market is actually based on rich people vibes, but I can’t see it not tanking at some point, quite possibly soon. I took all the money I had saved for a down payment on a house out of the market on Tuesday.
Tehdastehdas@lemmy.world 5 days ago
I wouldn’t dare have everything invested in one house. What if there’s a bubble about to burst? I’d probably take some debt and buy foreign shares not related to house prices. en.wikipedia.org/wiki/Hedge_(finance)
electric_nan@lemmy.ml 6 days ago
I avoid the stock market because I can’t find anything ethical to invest in. Particularly stocks that “perform” well are all variants of EvilCorp. So-called “Ethical Funds” all include companies that I wouldn’t consider ethical.
Tehdastehdas@lemmy.world 6 days 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.
electric_nan@lemmy.ml 6 days 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.
jacksilver@lemmy.world 5 days ago
So what do you invest in then? It feels really hard to find any opportunities outside of the stock market.
electric_nan@lemmy.ml 5 days 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.
Squizzy@lemmy.world 5 days 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.
Opinionhaver@feddit.uk 6 days ago
I invest to make money, not to make a statement. If you try to combine the two, you’re likely doing one at the expense of the other. People are free to invest however they want, but making investment decisions based on emotions will inevitably be reflected in their returns - or lack thereof.
Currently, about 65% of my investments are in U.S. companies, while 7.8% are in Europe (where I live).
peereboominc@lemm.ee 6 days ago
I also invest to make money but I will not invest in something I can’t stand for. I used to have most in S&P 500 but moved it out because I will not invest in Tesla or Amazon.
Scott_of_the_Arctic@lemmy.world 6 days ago
The only thing (other than index funds) that I’ve invested in is rocket lab. With the world on the brink of world war 3, a lot of people are going to want a musk free alternative to SpaceX. Because rocket lab is based in new Zealand it should be relatively Trump proof.
murmelade@lemmy.ml 6 days ago
I strongly dislike America so profiting off of their suffering is extra sweet.
Tehdastehdas@lemmy.world 6 days ago
Your money is being used there by the rich to kill the innocent.
AngryCommieKender@lemmy.world 6 days ago
You need a fiduciary. Mine handles things like this, and gives me a yearly update on what I’m invested in. The two investment strategies I have her employing are primarily investments that help transition society to an ebviromentally sustainable model, and businesses that will have to clean up disasters waiting to happen.
zarathustra0@lemmy.world 6 days ago
Congratulations, you are invested in DISASTER CAPITALISM.
Tehdastehdas@lemmy.world 5 days ago
en.wikipedia.org/wiki/Moral_hazard
The backstory of Fallout:
paljastus
Disaster capitalist company causes disaster by trying to pump up share value.
Bsher8365@lemmy.world 6 days ago
In all seriousness, perhaps consider Bitcoin - it has a ~60% ARR since inception and is nation-state agnostic.
Tehdastehdas@lemmy.world 6 days ago
Crypto money is a waste of computation that could be used for something productive, like protein folding.
When investing in (most) companies, the money buys means of production for making a product someone can use. I like that.
ThrowawayPermanente@sh.itjust.works 6 days ago
Fair enough, you might like a Proof of Stake coin like Ethereum more
SpaceNoodle@lemmy.world 6 days ago
This is why I just give my money to a professional whose sole job is to turn it into more money.
Tehdastehdas@lemmy.world 6 days ago
Usually index funds outperform active investors.
en.wikipedia.org/…/A_Random_Walk_Down_Wall_Street
cnbc.com/…/heres-when-active-mutual-funds-tend-to…
- Investors generally fare better in index mutual funds and exchange-traded funds versus their actively managed counterparts.
- The average investor pays about five times more to own an active fund relative to an index fund. This makes it tougher for active funds to outperform index funds, after fees.
- However, the lowest-cost active funds tend to beat the average index fund in categories like junk bonds, foreign stock and global real estate.
designated_fridge@lemmy.world 5 days ago
If you’re not putting your money into index funds you’re just fooling yourselves. You shouldn’t be paying any form of investor to pretend they can see into the future.
This also means you will be investing heavily in the US. But don’t make the mistake of believing your invested money makes any difference in the world when it comes to ethical responsibility. A company isn’t affected by whether a fund invests or does not invest in them.
Socially responsible funds are just for show because financial institutions have realised it’s something people will pay for. If you truly want to make the world a better place you reduce your monthly saving amount and donate the money to charities instead.
Tehdastehdas@lemmy.world 5 days ago
You shouldn’t be paying any form of investor to pretend they can see into the future.
True, usually index funds outperform active investors, but there are special cases (third point below):
cnbc.com/…/heres-when-active-mutual-funds-tend-to…- Investors generally fare better in index mutual funds and exchange-traded funds versus their actively managed counterparts.
- The average investor pays about five times more to own an active fund relative to an index fund. This makes it tougher for active funds to outperform index funds, after fees.
- However, the lowest-cost active funds tend to beat the average index fund in categories like junk bonds, foreign stock and global real estate. - … A company isn’t affected by whether a fund invests or does not invest in them.
False. When you buy existing shares, they’ll see the increased demand and issue more shares, making more money from investors after you. Same as when you buy a stolen item, the thief reacts to increased demand by stealing another one.
… responsible funds are just for show …
Those “responsible” ESG-labeled funds (Environmental, Social And Governance) are too lax for modern investors’ thirst for good. We need tighter criteria. Someone here said tailored ethical funds exist: lemmy.world/comment/15070231
… donate the money to charities instead.
Good, but unsustainable. You can grow power by growing money in benefit corporations, such as Mozilla.
Squizzy@lemmy.world 5 days ago
Good on you. The US has fallen, divesting is the right path now. Though I cant say there isnt a part of me that is happy to profit from their shit system, but then I remember their people are not their government and its the people companies like this hurt.
Coreidan@lemmy.world 5 days ago
If you don’t know how much and where your money is invested then you shouldn’t be investing at all. This isn’t much for advice.
1337@lemmy.world 5 days ago
Hardly anyone buying an S&P 500 ETF can name all 500 companies.
burgersc12@mander.xyz 6 days ago
Selling our souls for profit, literally. This is why I want to return to cavemen, Earth was better off before we learned how to make fire
serfraser@sopuli.xyz 6 days ago
I avoid this by simply having no money