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.
I strongly dislike America so profiting off of their suffering is extra sweet. I even bought into UnitedHealth Group during the Luigi dip knowing Americans would forget all about it in a month or so and wouldn’t you know it the stock is bouncing back nicely.
I avoid this by simply having no money
In all seriousness, perhaps consider Bitcoin - it has a ~60% ARR since inception and is nation-state agnostic.
Crypto money is a waste of computation that could be used for something productive, like protein folding.
When investing in (most) companies, the money buys means of production for making a product someone can use. I like that.
Fair enough, you might like a Proof of Stake coin like Ethereum more
I invest to make money, not to make a statement. If you try to combine the two, you’re likely doing one at the expense of the other. People are free to invest however they want, but making investment decisions based on emotions will inevitably be reflected in their returns - or lack thereof.
Currently, about 65% of my investments are in U.S. companies, while 7.8% are in Europe (where I live).
I also invest to make money but I will not invest in something I can’t stand for. I used to have most in S&P 500 but moved it out because I will not invest in Tesla or Amazon.
This is why I just give my money to a professional whose sole job is to turn it into more money.
Usually index funds outperform active investors.
https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street
https://www.cnbc.com/2020/11/24/heres-when-active-mutual-funds-tend-to-outperform-index-funds.html
- Investors generally fare better in index mutual funds and exchange-traded funds versus their actively managed counterparts.
- The average investor pays about five times more to own an active fund relative to an index fund. This makes it tougher for active funds to outperform index funds, after fees.
- However, the lowest-cost active funds tend to beat the average index fund in categories like junk bonds, foreign stock and global real estate.
Define “active investors.”
Buying and selling stock based on short term value fluctuations.
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.
