Socially Conscious Investing Can Be A Money Pit

Ted

FYI: What’s not to love about socially responsible investing? Your capital doesn’t just enrich your life, it also flows only to companies that do social good. Why, if enough people did this, companies that harm society would face higher capital costs as they received less capital, and they’d die out. Socially responsible investing combines the best features of capitalism and socialism into one nice, tidy package.
Regards,
Ted
https://www.marketwatch.com/story/socially-conscious-investing-can-be-a-money-pit-2018-03-29/print

LewisBraham

First paragraph indicates author doesn't really know what socialism is. Individual investors taking their capital and doing whatever the hell they want with it--including giving it to socially responsible funds--is about as far from socialism as you can get.

Ted

@MFO: But does Lewis know what socialism is ? Please respond by saying Yes or NO ! Results will be posted later in the day.
Regards,
Ted
Definition Of Socialism:
https://www.google.com/search?source=hp&ei=S_i8WoXVJdHj_Abg2IYg&q=socialism+definition&oq=social&gs_l=psy-ab.1.0.35i39k1l2j0i20i263k1j0i131k1j0i67k1l2j0i131k1j0i67k1j0j0i67k1.2534.6412.0.9924.7.6.0.0.0.0.92.514.6.6.0....0...1c.1.64.psy-ab..1.6.514.0...0.BSajSRTEAao

LewisBraham

Do you, Ted, beyond Merriam-Webster's reductive definition? https://en.wikipedia.org/wiki/Socialism
I can tell you for sure, it ain't socially responsible investing. One share one vote is not the same as one person one vote, so any form of investing by individual investors or private institutions involves control of the means of production by those with the most shares, i.e., the 1%.

davidrmoran

I am sure there are many things LB does not know, but that ain't one of them.

Old_Joe

+1

Sven

Agree with LewisBraham. I own Facebook not by choice but through my index fund. Personally I don't care for social media stocks in light of how they exploit their users to enrich their own pockets.

[Deleted User]

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msf

The writer breathlessly tells us the "bonus payout" for those bankers and brokers reached $184,220 last year. Almost back to pre-crash levels. It’s dangerous, says the Post – incentive pay encourages risk taking!

Quick show of hands. Who thinks their fund manager should have an incentive to take outsized risks with your money?

I thought so.

Bravo to the entrepreneur who has a new idea and risks his own money on it. Or the shopkeeper who does well through hard work and getting to know his customers.

But don't give out a big bonus when 32 red comes up for a broker who placed the bet with my money.