"Without policies such as regulations or taxes on very polluting investments, it's unlikely that wealthy individuals making a lot of money from fossil fuel investments will stop investing in them," says one economist.
Boy you sure are acting incredibly dense. You’re acting like I’m implying normal investing guidance doesn’t apply. Please stop making up worst case scenarios to try and justify supporting climate damage. I’m not saying dump all your money into a single solar stock somewhere.
There’s literally hundreds of ETFs & mutual funds focused on avoiding the major polluting businesses. For example, just look at things like SPYX instead of SPY, etc. (Adding an extra bit to emphasize I’m using this as an example, not telling everyone to only invest in SPYX, because I can already see your response coming in laser focused on that one example). There’s countless options, do some homework if you’re investing, as you should be doing regardless of whether or not you care about the climate.
The one that’s currently hardest is target date retirement funds which many use for their 401k. Not because there aren’t enough options, but because many fund managers don’t include those options in their offerings. Your hands may be tied but at least you looked. Contact your fund manager and let them know you’re interested in ESG investing.
I’m not saying dump your money down the drain, but check if your investments can be moved somewhere less harmful.
I think we need to keep in mind that as the options for 401k investing increase, program participation drops. So in many cases it can become a question of having a retirement fund or having nothing at all. As you increase the perceived barrier to entry for people, they get overwhelmed and quit, or more likely, never start. A majority of people aren’t great investors, they’re not even good investors, and they have no interest in learning the normal guidance. That’s why target date funds are so popular in the first place. Planning to retire in 2050, great, pick the 2050 fund, done. Too many people don’t even get that far.
Boy you sure are acting incredibly dense. You’re acting like I’m implying normal investing guidance doesn’t apply. Please stop making up worst case scenarios to try and justify supporting climate damage. I’m not saying dump all your money into a single solar stock somewhere.
There’s literally hundreds of ETFs & mutual funds focused on avoiding the major polluting businesses. For example, just look at things like SPYX instead of SPY, etc. (Adding an extra bit to emphasize I’m using this as an example, not telling everyone to only invest in SPYX, because I can already see your response coming in laser focused on that one example). There’s countless options, do some homework if you’re investing, as you should be doing regardless of whether or not you care about the climate.
The one that’s currently hardest is target date retirement funds which many use for their 401k. Not because there aren’t enough options, but because many fund managers don’t include those options in their offerings. Your hands may be tied but at least you looked. Contact your fund manager and let them know you’re interested in ESG investing.
I’m not saying dump your money down the drain, but check if your investments can be moved somewhere less harmful.
I think we need to keep in mind that as the options for 401k investing increase, program participation drops. So in many cases it can become a question of having a retirement fund or having nothing at all. As you increase the perceived barrier to entry for people, they get overwhelmed and quit, or more likely, never start. A majority of people aren’t great investors, they’re not even good investors, and they have no interest in learning the normal guidance. That’s why target date funds are so popular in the first place. Planning to retire in 2050, great, pick the 2050 fund, done. Too many people don’t even get that far.