Posted on 10/15/2023 5:12:02 PM PDT by george76
Didn’t Lenin say the capitalist would sell them the rope they would use to hang us with or something?
ESG investing was always commie investing anyway. This is just more direct.
I’ll be calling my investment professional tomorrow with instructions to remove and or avoid any Vanguard or Blackrock investments, no matter how small.
Vanguard merely provides the ETF, and doesn’t put any of its own money into the shares. Investors on the stock exchange are the ones who supply the cash.
In China woke HR departments don't exist. The Chinese don't think a degree in "women's
studies" is equivalent to a degree in engineering. The Chinese engage in constructive racism
to advance their interests. They don't care if it hurts your feelings.
China delenda est.
China should be declared a terrorist state, with all the penalties that entails.
The entire purpose of our immigration policies should be to brain drain China, India, Indonesia, and everywhere else they have tens, or hundreds, of really bright and/or really entrepreneurial people.
I will somewhat defend Vanguard and BlackRock. And that’s because I have mixed feelings about this. Index funds are supposed to invest robotically, based on how the fund was originally set up. For example, suppose an index fund is set up to invest in the 100 largest companies in the world.
The manager has no leeway to ignore any company, for whatever reason. He cannot exclude a company because it’s not gay-friendly or because it’s not green. If it’s one of the 100, it’s in the fund. If the manager is allowed to do otherwise, then it’s no longer an index fund. It’s not doing what investors expect it to do.
In a way, that’s a good thing. If I invest in an index fund, I don’t want the manager to be making all sorts of social decisions. I expect him to follow the fund’s charter, period.
On the other hand, I’d rather not be investing in companies that actively work to harm the United States.
So what’s the solution? Perhaps Congress could identify such companies. And then an index fund’s charter could be amended to exclude such companies.
bttt
Please see my post #10. Before leaving a fund company for good, perhaps it might be a good idea to transfer out of any foreign index funds and into domestic index funds.
Just a thought.
Once we ‘brain drain’ them, where will their refugees of the newly created basket case countries go? We don’t have a good recent track record of refusing ‘refugees.’
Buying stock on secondary market is not directly funding any company.
Bump
That is just great news. Now the people we trust our retirement to are selling us down the river . WTF!
Using our investments for thier own gain with our enemies
Look at it this way: they are investing in Raytheon subcontractors.
https://dailycaller.com/2023/06/19/raytheon-china-greg-hayes-decoupling/
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