Hello everybody!
Finances, whether disliked or liked, are essential to survival in todays global economy.
But where do we put the money we save? where does it go? and most importantly who does it go to?
My questions today are on investment and the allocation of capital!
Recently I (including many before me) have ventured into the stock market, trying to dig up half truths and rumours in search for that 'all-so-pretty', quick buck. :ice:
I have found that investment with some companies, the ones that raise ethical questions when staring at ones portfolio are the ones that sometime are the most lucrative buys. They are the ones you are almost certain will outperform the other sectors. This poses a huge dillemma:
I was a little vague .... so let me explain:
I have purchased stocks in several sectors that can be labelled as ''questionable"... these include the tobacco (altria , aka phillip morris), defense (RTN, Boeing), coal (fording coal) and of course who can forget the infamous red hot oil sector (which include some small and large caps). These make up almost 35-40% of my total securities....
Is it unethical to invest in companies like this? or should we do so with a blind eye for a larger purpose (which of course is to make :ice: "ice-cream").
Tobacco, I understand is largely unethical (but then again....everyone knows the effects of smoking yet they continue to do so...and advertisement in North America is prohibited now as is smoking in many public places, yet these companies continue to show strong growth and earnings) to invest in gun manufacturers and defense companies also seems wrong (but someones gotta make'em).
and coal and oil seem wrong because of all this global warming 'mumbo-jumbo' being thrown around.
so...
where should one put there money?
being a cold -hearted completely ethic free investor may make you a few :ice: but it does give you a tingly feeling at the base of your spine.
I'm sure there are people on this forum who are better investors than myslef(note better as in both gains and ethics)
if so I would love to see a section where sikhs can discuss finances with each other.
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Finances, whether disliked or liked, are essential to survival in todays global economy.
But where do we put the money we save? where does it go? and most importantly who does it go to?
My questions today are on investment and the allocation of capital!
Recently I (including many before me) have ventured into the stock market, trying to dig up half truths and rumours in search for that 'all-so-pretty', quick buck. :ice:
I have found that investment with some companies, the ones that raise ethical questions when staring at ones portfolio are the ones that sometime are the most lucrative buys. They are the ones you are almost certain will outperform the other sectors. This poses a huge dillemma:
I was a little vague .... so let me explain:
I have purchased stocks in several sectors that can be labelled as ''questionable"... these include the tobacco (altria , aka phillip morris), defense (RTN, Boeing), coal (fording coal) and of course who can forget the infamous red hot oil sector (which include some small and large caps). These make up almost 35-40% of my total securities....
Is it unethical to invest in companies like this? or should we do so with a blind eye for a larger purpose (which of course is to make :ice: "ice-cream").
Tobacco, I understand is largely unethical (but then again....everyone knows the effects of smoking yet they continue to do so...and advertisement in North America is prohibited now as is smoking in many public places, yet these companies continue to show strong growth and earnings) to invest in gun manufacturers and defense companies also seems wrong (but someones gotta make'em).
and coal and oil seem wrong because of all this global warming 'mumbo-jumbo' being thrown around.
so...
where should one put there money?
being a cold -hearted completely ethic free investor may make you a few :ice: but it does give you a tingly feeling at the base of your spine.
I'm sure there are people on this forum who are better investors than myslef(note better as in both gains and ethics)
if so I would love to see a section where sikhs can discuss finances with each other.
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