S4 E1 "Index funds include unethical companies. Can I still invest in them, or does that make me a monster?"
Bitches Get Riches
English - November 15, 2022 19:00 - 32 minutes - 22.5 MB - ★★★★★ - 100 ratingsSelf-Improvement Education Business Careers bitches get riches advice personal finance money careers jobs side hustles investing adulting life skills Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
TODAY'S QUESTION:
I take it you have investments in broad-based index funds (since it's the prudent thing to do)? At the same time, many of your posts have an anti-capitalist bent.
How do you address this conflict? Mind you, I'm not pointing fingers here, because I'm in much the same situation—private equity overlords booted me out of a job, but my own capitalistic investments allowed me to walk away without any pain, so I don't know how to feel about that. A pat answer is to point towards ethical-investment funds, but while I was reading up on it, I ran across an article that mentioned Wells Fargo as one of the companies listed on some ethical index because they aren't in the sin or war industries.
It turns out, as I scrolled back up, that the article was published before the Wells' fuck-the-customer practices came to light. I'd hardly call them an ethical company today, so these indexes aren't the solution that one would hope for.
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