cross-posted from: https://lemmy.ml/post/33213155
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?
Yeah, this is the way.
Even if you wanted to start an uber-ethical fund, you’d run into problems with what that actually means. For example, would Seal Clubbing Inc. be ethical as a traditional indigenous business giving work in depressed areas, or unethical do to producing animal products? Answers will very heavily from person to person. That’s why, in practice, what exists is funds that avoid the most controversial businesses and give everyone else a pass.
BTW you should probably spoiler that last bit.