I was horrified by the contents of one of my Finnish mutual funds when I looked into it after years of disinterest. I’m especially disgusted by UnitedHealth Group Inc - the health insurance company whose mass murderer CEO got shot recently, sparking nationwide cheers.
As a passive investor, you’ll forget your money into the wrong hands when the bank won’t remind you of developments in the political situation.
Ålandsbanken promises:
“socially sustainable”
You may assume your bank is civilised, but you should have a closer look. I’m a customer of S-bank in Finland. In this case, the fund ended up under a different Finnish bank twice due to buyouts, and the management of the fund ended up in a Canadian bank branch in the UK.
My other bank didn’t recommend selling my Russian investment when Putin’s reign had started going overdue after his full term as a president. Luckily I was awake and sold everything.
Investments drift out of balance over time. Within mutual funds, there are limits, but the funds grow at different rates. You should re-balance your diversification once in a while to avoid excessive country risk.
I don’t know if fund managers are bribed to distort the balance within the fund’s limits for the benefit of a third party.
My fund is managed by that guy. I sold everything. Will reinvest in Europe.
YSK I’m profiteering off of the masses thinking like this by not moving my money. It’s worked for me every time someone told me “you should reinvest”
Trump and Elon are going to crash the economy. I know the stock market is actually based on rich people vibes, but I can’t see it not tanking at some point, quite possibly soon. I took all the money I had saved for a down payment on a house out of the market on Tuesday.
That’s how the evil profit the most, and voting with your feet has limited effect. The correct solution is regulation and EU-mandated boycott.