TerkErJerbs

@TerkErJerbs@lemmy.dbzer0.com

• ⁨Comment⁩ on ⁨is there any way to invest ethically as a sole individual?⁩ ⁨⁨6⁩ ⁨days⁩ ago⁩:

  Thank you, yes. I was. I misread the OP to mean ESG. Sorry about that folks.

• ⁨Comment⁩ on ⁨is there any way to invest ethically as a sole individual?⁩ ⁨⁨6⁩ ⁨days⁩ ago⁩:

  The whole ETF thing is partly a grift if you dig into it. Originally there were some actual ethical ones (and there probably still are) but as usual the hypercapitalist machine of wall street & co saw a lot of people putting their money into them and promptly created their own, and here we are. They are probably arguably better than nothing but there is quite a bit of writing out there about how many of them turn out to be bunk when you scratch the surface, with plays in O&G or weapons manufacturing or prisons etc etc. I don’t do much investing but what little I have done, I’ve chosen to buy stocks in companies that make products I actually use and support and want to see do well. It’s not a very scientific strategy to say the least but I’ve done alright with it.

  Michael Burry is an interesting one. Fairly recently he dumped most of his positions and put it all into Estée Lauder. For a lot of reasons. One of them being the so-called “Lipstick Effect” which, counter-intuitively, things like beauty products actually do better during recessions and depressions. Do with that information what you will.

  I’ve been trying to find ways to invest in things that will earn me some return on the NYC housing and short term rental market profitibility crash if Zohran wins in November. The landlord class is terrified of him getting in and a lot of rental property companies and large orgs that invest in and flip housing, and the banks that prop the whole thing up with loans to same, have already been doing some pretty major pullbacks just based on the outcome of the primaries. My hope is those groups sell en masse to cover their debt and bring housing prices and rents down dramatically. Some puts on the right companies could be a pretty nice return. It’s fun to think about.

• ⁨Comment⁩ on ⁨lemm.ee partially dead⁩ ⁨⁨2⁩ ⁨weeks⁩ ago⁩:

  True story I actually meant to switch to .zip and I had both it and dbzer0 open in tabs for a few days (deciding between them) and on d-day for .ee I opened one and signed in and did the verification… and then realized where I was. And actually I’m happy with my accidental choice. It’s rad here.

• ⁨Comment⁩ on ⁨lemm.ee partially dead⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  Confirm is ded. I moved from there. RIP.