Get ready for your ‘woke’ 401(k)

Sovereign Man ^ | 11/5/2021 | Simon Black

[markomalley]

This "ESG" (environment-society-governance) crap is how the Big Money will be implementing the "Great Reset." tl;dr: this is done basically by restricting access to money for corporations based on their "ESG" scores. If a company wants the capital it needs to run, it will do what it needs to in order to get a decent ESG. Those who don't comply will have their funding strangled. This is just another turn of the screw moving in that direction.

[enduserindy]

Legal cover for plunder. Just like redefining vaccine they will redefine fiduciary.

[Alberta's Child]

Who cares. You can always refuse to invest in any investment vehicle that doesn’t meet your needs.

[cgbg]

The problem is that the majority of investors are not going to read the fine print.

They are counting on that.

[Alberta's Child]

The problem is that the majority of investors are not going to read the fine print.

Then the majority of investors have no business being investors.

[gitmo]

I recently moved all my 401K to a self-directed IRA.

[BipolarBob]

Just roll your 401k into a self directed IRA.

[Atticus]

My 401K is entirely in an S&P 500 fund. Can’t argue with the performance. Don’t most other employees have a similar option? My IRAs and investment management accounts are entirely in equities and other investments of my choosing, e.g., Sturm Ruger, but diversification is key.

[cgbg]

Fair enough—those investors are stupid—and normally I would not care.

However, these corporations are going to be weaponized to destroy our rights, silence our voices, and make our lives miserable.

At that point it becomes our problem.

[markomalley]

You can always refuse to invest in any investment vehicle that doesn’t meet your needs.

You can only invest in funds that are part of the plan. If none of those suit you, then you don't invest. In my working career, I never saw a plan that let you just put your money into a cash account.

[sitetest]

In that defined benefit plans are not so widely available anymore, and pretty much non-existent for employees of smaller firms, everyone needs to learn to be an investor.

I don’t see defined contribution plans, or IRAs going away.

[PGR88]

Add the Labor Department to the list of Government Departments and Agencies which should be abolished.

[DJ MacWoW]

Please Support FR
Click The Pic To Donate.

[ASOC]

Don’t care. closed my 401K out this last month. Gave my notice, I’m gone EOM Dec.

OSHA can KMA.

[fella]

A return to 1927?

[markomalley]

A return to 1927?

I don't think they were intentionally trying to collapse the system in 1927

[cyclotic]

My personal goal is for a Zero ESG score

[Rurudyne]

Like handing funding to the Chicago Annenburg Challenge … it’s all about the swag.

[SaxxonWoods]

Excellent, congratulations!

[Still Thinking]

I do. The very EXISTENCE L of ESG scores without a symmetrical equivalent pisses me off. Why do lib-weenies get to vote their politics with their dollars but I don’t??