I was horrified by the contents of one of my Finnish mutual funds when I looked into it after years of disinterest. I’m especially disgusted by UnitedHealth Group Inc - the health insurance company whose mass murderer CEO got shot recently, sparking nationwide cheers.
As a passive investor, you’ll forget your money into the wrong hands when the bank won’t remind you of developments in the political situation.
Ålandsbanken promises:
“socially sustainable”
You may assume your bank is civilised, but you should have a closer look. I’m a customer of S-bank in Finland. In this case, the fund ended up under a different Finnish bank twice due to buyouts, and the management of the fund ended up in a Canadian bank branch in the UK.
My other bank didn’t recommend selling my Russian investment when Putin’s reign had started going overdue after his full term as a president. Luckily I was awake and sold everything.
Investments drift out of balance over time. Within mutual funds, there are limits, but the funds grow at different rates. You should re-balance your diversification once in a while to avoid excessive country risk.
I don’t know if fund managers are bribed to distort the balance within the fund’s limits for the benefit of a third party.
My fund is managed by that guy. I sold everything. Will reinvest in Europe.
I invest to make money, not to make a statement. If you try to combine the two, you’re likely doing one at the expense of the other. People are free to invest however they want, but making investment decisions based on emotions will inevitably be reflected in their returns - or lack thereof.
Currently, about 65% of my investments are in U.S. companies, while 7.8% are in Europe (where I live).
I also invest to make money but I will not invest in something I can’t stand for. I used to have most in S&P 500 but moved it out because I will not invest in Tesla or Amazon.
The only thing (other than index funds) that I’ve invested in is rocket lab. With the world on the brink of world war 3, a lot of people are going to want a musk free alternative to SpaceX. Because rocket lab is based in new Zealand it should be relatively Trump proof.