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?

  • ThisOne@lemmy.worldEnglish
    11·
    2 days ago

    Yea ive run into this problem a lot. If there was some ethical and green EFT that are easy to ID I would buy them in a second.

    Ill invest in a stock only if its not tied to oil in any way that I can ascertain, isnt totally corrupt (facebook/nestle are out), and is American owned -since all my stuff is here and the last time I did out of country trades I fucked up my taxes and had extra fees because im too stupid to parse complicated tax law and too stubborn to pay someone to do that for me.

    EFTs are hard. Frequently I’ll get through a long list of the holdings and then, bam tesla, and im done with it. But Ill go in and buy small amounts of the direct stocks I like.

    I haven’t made any crazy gains. Covid wiped out my first year or so of gains and then I was doing great until Trump started up.

    • locuester@lemmy.zipEnglish
      1·
      5 hours ago

      not tied to oil in any way

      Like a company that doesn’t use plastic at all in any way?

    • Nighed@feddit.ukEnglish
      3·
      2 days ago

      Most of the ‘green’ funds really are not.

      I found one group that actually does really green funds though: https://www.edentreeim.com/. Specifically their green infrastructure fund for actual green energy stuff. (This should do better as interest rates come down)