Trading stocks makes me feel dirty (hexbear.net)

submitted 7 months ago by jackmarxist@hexbear.net to c/chapotraphouse@hexbear.net

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I hate the whole publicly traded model of companies. I hate capitalism. But have to engage in trading stocks (I mostly do Mutual Funds and a small quantity of direct stocks) so that my money doesn't lose value by sitting in a bank or cash.

Same thing with credit cards, don't like taking loans and getting marked on a centralised list for that but it's a safer option than using your own money.

Fortunately I don't do crypto so that's a plus.

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[-] frogbellyratbone_@hexbear.net 12 points 7 months ago* (last edited 7 months ago)

there's mutual funds and ETFs that invest solely in ESG (environmental, social, and governance) funds. i honestly don't know if it's just marketing ploy or what but i know they're a thing and might be worth looking into [edit: i looked into these. they're a ploy. don't buy these. it's just S&P 500 shit with 4-10x the expense ratio]

finance capitalism is all dirty and bad. 401ks + others are just a trick to make people care about the market when it literally ONLY helps rich ppl and no one else. best to just do a total market fund try not to think about it so much.

hysa's are worse imo. they take your money and gamble the ever living fuck out of it a million times over until the economy collapses.

[-] OrlandoDeCabron@hexbear.net 16 points 7 months ago

A lot of the ESG stuff is shell companies owned by the usual suspects that technically don't do anything because it is literally just a shell company for Exxon or something.