Posted on 03/03/2017 6:18:52 AM PST by yetidog
Should attention be paid to investment products sustainability ratings?
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Should you pay attention?
If you like. It is virtue signalling for corporations.
It’s mostly public relations, but if you’re a greenie, you can use it to limit your selection of potential investments.
Are you aware of ANY profitable recycle programs?
How about solar or wind power that covers the cost of the gov’t subsidies?
“sustainable” = perpetual motion
Unless you want to scavenge some tax advantage, its a loser.
When normal people use the word “sustainable,” they mean “something that is capable of being perpetuated or continued for an indefinite period.” When liberals use the word, they mean “something that agrees with my own biases.” I suspect that the investment criteria being discussed here is more of the latter type of sustainability.
Next time a greenie prattles on about sustainability, ask him if he supports nuclear power. I mean, it’s not like we’re ever going to run out of atoms; how much more sustainable can you get?
I would pass if I were you.
where and whenever you hear the word sustainable...you best run for the tall grass...
I think "sustainability" falls into the same category as "socially responsible" or "ethical" investing. There are a number of research reports that show the results for these types of funds performed no better or worse than those that did not meet the criteria for being "socially responsible."
Given that "sustainability" can mean different things to different people, I don't know if this measure can truly be stated accurately. At best, it's trendy. At worse, it's "fake data" about a company that doesn't give any indication as to how profitable or well-managed a company is.
Also, remember that past performance is no indication of future results.
And hide your wallet.
Reminds me of the Social Responsibility funds which won’t invest in defense contractors, tobacco stocks, fossil fuel companies etc. Good for virtue signalling, bad for your bottom line.
Marketing ploy akin to “Organic” in the grocery aisle. The terms mean what the seller defines them to be.
Buy Solyndra stock. It has no where to go but up.
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