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?
Or you could switch from using a bank to a credit union.
Who probably also do business you would personally not like. It’s a good suggestion, but it doesn’t solve the problem we’re talking about.
You can also pick one that avoids the worst industries ie defence and oil. They will still invest in evil shit but they can still avoid the biggest no-nos.
Yes, and that’s what some of the other comments have said. OP is basically stuck with the kind-of-ethical funds they were looking at, or just standard investment and a plan to donate to make up for it.
Credit unions don’t have shareholders. They face totally different pressures.
Their members are their shareholders, and largely demand the same shit. I’ve been part of one, it’s different but still kind of the same.
I do always go credit union or my local state-owned bank, though, because otherwise I’m paranoid they’re scamming me somehow.