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is there any way to invest ethically as a sole individual? (lemmy.ml)

submitted 2 days ago by ricesoup@lemmy.ml to c/asklemmy@lemmy.ml

29 comments fedilink hide all child comments

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?

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[–] MarriedCavelady50@lemmy.ml 4 points 8 hours ago

If you’re skipping ahead of the part where you should take care of yourself, then the only ethical choice in this day and age is “diamond hands”.

Forcing a CEO to remain profitable for the long term.

“Ethical” investment funds are just scams gaming certain metrics to keep their ethical label. Pick a company that provides value to the world, and give it a loan with no expectation that it grow to infinity. Pull out if the new CEO is some whiz kid saying profits are going to go to the moon now.

Sincerely: random internet stranger