ESG Investing

[basballguy]

(02-08-2023, 08:47 AM)Stewy Wrote: ESG investing should be a choice, but an INVESTORs choice, not a money managers choice.  Just like you can choose to be more aggressive or conservative with your portfolio, you should be able to go ESG,  

However, IMO ESG investing is a fools game.  It isn't start up socially conscience industries that are going to make money and push us into a limited fossil fuel future, but Energy companies.  Because like it or not the Energy companies have the money to invest in the future that govt's squander away and bicker about.  It's already happening.  While govt's can't decide what to do or how to do it, it's big energy that's investing in clean energy.

So if you want to invest in clean energy, do not go for ESG, but do some research on which Big Energy Co. is doing the most investing in renewables and put your money there.  At least then your portfolio will grow and you can ease your conscience.

Right?  And that's just in energy.  The "S" and "G" are what really get me though.  I don't give a flying fk what a CEO makes when it comes to my investments.  I do not care about a company's political contributions.  I care about my bottom line since that's what allows me to provide for my family.  

For others reading, here's a chart with some examples of ESG guidelines: