this post was submitted on 01 Feb 2024
65 points (100.0% liked)
chapotraphouse
13198 readers
375 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Vaush posts go in the_dunk_tank
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yes, it sucks, but no way around it if you ever want to be able to retire. My employer pays double my pension contributions, so I've got that accumulating, and when I have enough in the pot I'll transfer it to a private pension and invest it myself as ethically as I can.
Unfortunately there is a tonne of greenwashing and lip service paid to ESG requirements, together with the high fees and lower returns means they aren't really worth it. Plus in a fund, yeah you get diversity, but no discretion if you want to participate in boycotts, and on a macro scale it makes fund managers too powerful.
But also no-one take advice from me I am literally still waiting until I have enough to minimise the fees before managing my own pension.
Hot take: trying to make your 401k investments "ethical" is exactly the same as voting for Biden because he's the lesser evil.
OK, I will just sell my house when I retire and then die when I run out of money.
Look at this bourgeois, owning houses. I bet you have your own toothbrush, too