S4 E1 "Index funds include unethical companies. Can I still invest in them, or does that make me a monster?"
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TODAY'S QUESTION: I take it you have investments in broad-based index funds (since it's the prudent thing to do)? At the same time, many of your posts have an anti-capitalist bent. How do you address this conflict? Mind you, I'm not pointing fingers here, because I'm in much the same situation—private equity overlords booted me out of a job, but my own capitalistic investments allowed me to walk away without any pain, so I don't know how to feel about that. A pat answer is to point towards ethical-investment funds, but while I was reading up on it, I ran across an article that mentioned Wells Fargo as one of the companies listed on some ethical index because they aren't in the sin or war industries. It turns out, as I scrolled back up, that the article was published before the Wells' f**k-the-customer practices came to light. I'd hardly call them an ethical company today, so these indexes aren't the solution that one would hope for. LIKE THIS SHOW AND WANT US TO KEEP DOING IT? Show your love by becoming a patron. We're trying really hard not to do the whole corporate money thing. Disrupt capitalism today!  (https://www.patreon.com/bitchesgetriches) WANT TO ASK A QUESTION? Go to Bitches Get Riches and click "Ask the Bitches." We get too many to answer them all, but donors are guaranteed an answer! (https://www.bitchesgetriches.com) TODAY'S SPONSOR Capitalize is a third party company that takes you gently by the hand and guides you lovingly through the 401k rollover process. If you don’t yet have an IRA to roll your old 401k over into, not to worry! Capitalize will help you find and open an account too.  And they do it all quickly, kindly, painlessly… and for free. Click the link to get started: (https://www.hicapitalize.com/bgr) NEED MORE OF THE BITCHES? • Read our dank wisdom nuggs at Bitches Get Riches. • Get new articles delivered to your inbox so you never miss 'em. • Follow us on YouTube, Twitter, Tumblr, TikTok, Pinterest, and Instagram. • Support the show on Patreon. Support the show
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