I don’t own much: My savings are around 50K$, money that now sits in the bank doing nothing.

I’ve been reading about what ETFs to invest into, but even those classified as climate friendly and social responsible include firms such as tesla, facebook, coca cola… not even close to being ethical.

Is there something akin to Michael Burry levels of ethical investment?

  • FuglyDuck@lemmy.worldEnglish
    35·
    2 days ago

    Probaby the only way to do so, is to set up your own criteria for what “ethical” means and then evaluate companies on your own. There’s really nothing more than the ETF’s you’ve already mentioned, and those are usually superiscially about one issue.

    Also, just for the record, I don’t see where Burry is particularly concerned with ethics or social issues, but honestly I don’t know much about him beyond the whole permabear and/or predicting the housing crash.

    Honestly, once a company gets onto the stock market, it’s pretty hard to make an argument that any of them are really as ethical as they should be. Remember, being a publicly traded company means putting short-term profits above all else. (at least, in the US.)