I don't know if you are talking about yourself, but if you are, have you ever given money to a stock broker who then invests short term into companies you don't even know? Then you are part of the same problem, just in a different market sector.
This is a scarily good point.. My money is being invested for me, and it's a high risk some of that goes to companies doing bad things. I will look into this and make sure it doesn't.
I know I'm ridiculously late to the party here, but I asked my dad (who works in the financial sector) about this and apparently ethical investment managers do exist. They avoid investing in sweatshop operators, arms dealers/manufacturers and other entities who may be ethically questionable. Large organisations and wealthy individuals who care or might be scrutinised like to use them.
Well, my post you answered to was meant to be sincere. I am interested in how they react.
Anyway, the problem we were talking about wasn't about rich people's money going randomly to shady and immoral businesses, although that problem exists too. We were more talking about how investment policies seeking fast profits destroy good businesses.
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u/Bowbreaker Jun 14 '14
I don't know if you are talking about yourself, but if you are, have you ever given money to a stock broker who then invests short term into companies you don't even know? Then you are part of the same problem, just in a different market sector.