02-08-2023, 01:43 AM
I know most of y'all like to talk about social issues (which have no impact on our wallets) but I'm bringing attention to a ludacris proposal that prioritizes social issues over your retirement funds.
https://www.foxnews.com/politics/over-100-groups-back-manchin-gop-plan-block-bidens-woke-esg-investing-rule
In a nutshell, Democratic leadership is supporting efforts to allow money mangers (think dudes that manage your 401k) to invest based on "environment, social, governance" standards...meaning they don't invest with financial standards as their first priority. They're investing with ESG standards.
The concept of ESG investing is novel but quite frankly it doesn't net the returns "traditional" investing does. It's a clear example of democratic leadership doing what it thinks is right without actually understanding the consequences.
In summary, social issues aren't gonna help you retire. Common sense will.
https://www.foxnews.com/politics/over-100-groups-back-manchin-gop-plan-block-bidens-woke-esg-investing-rule
In a nutshell, Democratic leadership is supporting efforts to allow money mangers (think dudes that manage your 401k) to invest based on "environment, social, governance" standards...meaning they don't invest with financial standards as their first priority. They're investing with ESG standards.
The concept of ESG investing is novel but quite frankly it doesn't net the returns "traditional" investing does. It's a clear example of democratic leadership doing what it thinks is right without actually understanding the consequences.
In summary, social issues aren't gonna help you retire. Common sense will.
