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this post was submitted on 20 Dec 2024
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No Stupid Questions
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No such thing. Ask away!
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Yes. Investing is always worth it unless you have credit card debit.
Set it up to automatically invest into the lowest fee index fund your broker offers.
The lowest fee ETHICAL index fund. Careless investing is how we got evil corporations.
The post didn't ask for ethical requirements to be included in the advice.
Appending additional personal requirements turns the conversation towards one's personal soapbox.
Unfortunately, there aren't many ethics in the world when it comes to money.
Several funds in my bank have ESG in the name.
https://en.wikipedia.org/wiki/Environmental,_social,_and_governance
Other terms in their fund names: fossil-free, climate, forest, sustainable agriculture.
Their claims about them:
in Finnish:
https://www.s-pankki.fi/fi/private-banking-ja-varainhoito/vastuullisuus-ja-vaikuttavuus/vastuullisuus-sijoittamisessa/
in Swedish:
https://www.s-pankki.fi/sv/private-banking-och-kapitalforvaltning/ansvarsfullhet-och-paverkan/ansvarsfulla-investeringar/
For machine translation, probably better use Swedish as the source because it shares the Indo-European language family with many of you readers' target languages, and has more speakers so maybe better translation engine training too.
These are pretty cool and I didn't know about them! I'm pretty me to investing, do you just look up ESGs or something?
I wasn't trying to say that ethical funds don't exist, I'm well aware of them. I was saying that when money is on the line, loyalty and ethics often end up second place.
I'm in the sidelines and I didn't know they existed and wanted to know more so I'm glad they posted it anyway