I quit investing in companies that are killing us.
I am selling all my $VEQT and switching to Wealthsimple direct indexing because it allows you to exclude certain stocks from your Index. Blackrock and Vanguard have separated us from thinking about how our investments can sometimes negatively impact the world without us knowing, because it’s all tucked away out of our sight. I strongly believe that if everyone stopped simply buying the index without considering business ethics we would have a much better world. I know everyone just wants to make money,the good news is that if we all started doing this then the more ethical companies values would go up gaining more of the pie as these unethical companies fall out of the index. I switched to direct indexing for all my Canadian and US index funds , essentially building my own ETF that is similar to VEQT, but I have carefully went through and exluded all Gambling Companies, any Oil & energy companies that don’t invest in renewables ($XOM Exxon Mobil, $CVX Chevron etc.) , as well as anything else that is obviously contributing to the degradation of our society and making us sick here in North America with processed garbage. ($MCD, $COLA, $PEP etc…) If there are any other companies you find that are hurting our people, please let me know in the comments and why they don’t deserve our investment. I know $PLTR seems like a troublesome one I may have to exclude. Together we can make the world a little bit better.
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25 Comments
DarkOctober @darkoctober · 1d
That's so many things, including a lot of pharmaceuticals and food. They're all so corrupt and most health issues can be prevented and a lot of times cured just by proper diet. I salute you on this.
Jason @retiredjay · 14h
I think that if you dig deep enough, you can find faults in almost all companies. What you're doing has a noble process, but I'm not sure where you can draw the line
Moe @moe_on_margin · 16h
I really love the thinking, but that would include almost the entire index in my view... Pharma, Greedy banks that caused financial crisis, weapons fueling wars, Oil, Alcohol, Tobacco, Fastfood, social media, etc.
