A community for discussing investing news.
Rules:
I doubt you'll find an investment company that's truly nonprofit. For responsible investing, I'd look at the process and the expense ratio and not worry so much about the parent company unless you believe it'll impact their objectivity.
Check out the Calvert family of funds. Their parent company is Morgan Stanley but they have a really solid process for screening material ESG risks. Calvert itself has been doing socially responsible investing for 40 years so they don't treat it as a fad.
nonprofit
Why?
"Nonprofit" doesn't mean no one makes money, the corporation doesn't make money, usually by paying everything that would have been a profit as a bonus to the CEO.
Some no profits are great, some are money laundering, some are run by a "hands on CEO" who will do/say anything to get more donations and cut more costs from the budget. Because they're going to give themselves all the extra. Or even more shady, say it's the nonprofit spending the money to cheat on taxes. Company car, company jet, hosting "conferences" anywhere you want to travel.
Don't just let your eyes glaze over when you see "no profit".
Like I said, the salaries could be sky high, I don't care. It is still a capitalistic system, so greed is the motivator. A for profit company will have conflicts of interest. They have a ETF for big oil and a ESG? Maybe they would funnel money away from green tech to carbon capture, etc. A non profit helps reduce that corruption just a little.
A non profit helps reduce that corruption just a little.
It doesn't tho...
This was a non-profit:
https://en.wikipedia.org/wiki/Donald_J._Trump_Foundation
And it had to be shut down due to corruption, for many of the reasons I gave you yesterday
The most socially responsible thing I can think of to do with ones money is to not validate the stock exchange, because the system is inherently unhealthy for society
what if your poor, have a solid plan for change, and there is (by design) no other realistic way to gather the capital required to carry out that plan?
it's mostly just degenerate gamblers at this point (looking at total volume levels), why not take their $ if they're stupid enough to give it to you freely?
Hey I know there's this wheel that grinds human empathy into dust, but if we want to stop it from doing that we have to spin the wheel faster!
Loony tunes logic
i need $, and have made more in the last...3 months (after learning how the casino really works) than I'v made working as a wagie the last...7+ years.
i cannot go back to working a day job, but i also need more $ to break out on my own...and with this obvious massive everything-bubble and whose running things...bubbles popping is the only time serious amounts of wealth ever gets redistributed in this capitalistic shithole, so why not grab a chunk off for myself if some degenerate gambler is seemingly willing to hand it to me?