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?
Executives have compensation tied to stock price. If the stock price goes down because nobody wants to invest in a bad company, those executives have incentive to become change their ways.
That compensation incentive is also why executives are so short term thinking nowadays.
The stock market is part popularity contest but it’s a lot more complicated than simple statements.