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

submitted 3 days ago by ricesoup@lemmy.ml to c/asklemmy@lemmy.ml

32 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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[–] communism@lemmy.ml 3 points 1 day ago (1 children)

You can also pick one that avoids the worst industries ie defence and oil. They will still invest in evil shit but they can still avoid the biggest no-nos.

[–] CanadaPlus@lemmy.sdf.org 1 points 11 hours ago

Yes, and that's what some of the other comments have said. OP is basically stuck with the kind-of-ethical funds they were looking at, or just standard investment and a plan to donate to make up for it.