chapotraphouse

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Trading stocks makes me feel dirty (hexbear.net)

submitted 9 months ago by [email protected] to c/[email protected]

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I hate the whole publicly traded model of companies. I hate capitalism. But have to engage in trading stocks (I mostly do Mutual Funds and a small quantity of direct stocks) so that my money doesn't lose value by sitting in a bank or cash.

Same thing with credit cards, don't like taking loans and getting marked on a centralised list for that but it's a safer option than using your own money.

Fortunately I don't do crypto so that's a plus.

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[–] [email protected] 16 points 9 months ago (1 children)

You have to be careful with those. I looked into something like that and the page about their principles touted opposition to nuclear power. Looked into who was running the fund and sure enough, big oil.

[–] [email protected] 7 points 9 months ago

i went ahead and pulled some up ESGs out of curiosity to look at the holdings. ESGV, SDG, NUDV.

primary holdings were shit like microsoft, nvidia, tesla, amgen, novartis, home depot, johnson john, coca cola, etc. it's literally just S&P 500 but with like 4-10x the expense ratio.

fucking. lol.