What if investing is evil?
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Your 2-minute guide to demystifying money and making you richer
The markets, year-to-date
S&P 500: 5,728.80 ⬆️ 20.79%
FTSE 100: 8,177.15 ⬆️ 5.90%
Bitcoin: $68,707.53 ⬆️ 55.43%
GBP to USD: $1.2953 ⬆️ 1.77%
GBP to EUR: €1.1913 ⬆️ 3.31%
(As of market close on Friday)
But … isn’t investing in some way unethical?
When you first begin saving and investing you may develop a sneaking feeling of bougie guilt: What if my money ends up financing bad companies or bad people?
Let’s say you buy stock in Meta, the company that owns Facebook and Instagram. Meta has gone up 200% over the last 5 years. It’s probably a good stock to have in a retirement portfolio. (If you disagree, ask yourself if you’re going to stop using Whatsapp anytime soon!)
But … isn’t your buy-order on Meta helping billionaire Mark Zuckerberg build his fancy home on Hawaii? Isn’t your cash now funding the people who keep teenagers addicted to esteem-destroying video feeds?
These are good questions. They go to the fundamental nature of capit…