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?

  • Blue_Morpho@lemmy.world
    0·
    4 days ago

    Dude, that’s not how it works at all!
    Stock price is a popularity contest that has virtually no basis on the finances of a company.

    See Tesla’s crazy high price that has no basis on their current or future revenue. But if their stock dropped to 0, they would still be selling cars at a profit and wouldn’t go out of business. It wouldn’t change anything.

    Companies get money from stock at IPO and when they extremely rarely issue new shares. That’s it. After IPO, you buying stock doesn’t give any money to the company. You are buying it from someone else.