I’ve saved up some amount of cash, but family is poor and hasn’t had useful advice. I feel like the stock market hasn’t been great for society, but surely there are some causes who would use the capital for good (and give it back when I need it later)? I have a half remembered portfolio from a previous union with a big war chest, but it doesn’t feel actionable.

I’m in North America + UK; but answers globally I think are interesting.

  • Artisian@lemmy.worldOPEnglish
    1·
    14 days ago

    Thanks to both!

    So, there’s reasons why “ethical investing” doesn’t work well in practice

    Could you say a bit more on this?

    • UnderpantsWeevil@lemmy.worldEnglish
      21·
      14 days ago

      • Very difficult for an outside investor to gauge the ethical practices of a business outside the broad brush stuff (war bad, solar good, etc)

      • The volume of cash you’re investing is likely a rounding error on a rounding error for the business, nevermind the industry as a whole, so you’re unlikely to shift behaviors with your choices

      • Ethical investing is riff with affinity scams.

      • It’s hard to gauge long term net benefits of an investment decision, which can lead to “Longtermist” style behavior.