cross-posted from: https://lemmy.ml/post/33213155
I don’t own much: My savings are around 50K$, money that now sits in the bank doing nothing.
I’ve been reading about what ETFs to invest into, but even those classified as climate friendly and social responsible include firms such as tesla, facebook, coca cola… not even close to being ethical.
Is there something akin to Michael Burry levels of ethical investment?
Not sure what you mean by Michael Burry levels of ethical investment, but he has a fund and apparently its most recent disclosed holdings are here. You could just buy (or rather sell, in most cases) those. As you can see 6 out of 7 positions are short - meaning he’s betting the stock price will decline - and if you would rather bet against every corporation shorting is an option. But be aware, it’s very hard to make money shorting because you’re fighting inflation and losses are unlimited. Great way to go bankrupt, especially if you’re new to investing.
Beyond that, if you want minimal exposure to some asshole CEO, you can invest in commodities like Gold (e.g. GLD, which is a gold ETF that just holds gold bars, and generally goes up over time) and a billion other things. Bond etfs are another option (but pose some risk of losing money at the moment due to inflation/interest rate fears), and if you wanna be a sort of landlord you can do a REIT. Many of these pay dividends which probably lowers your risk of loss to some degree. The markets are a little nutty right now and I can’t think of a single thing that’s easy to predict at the moment.
Finally, there’s simpler options like high interest savings and CDs, which aren’t as terrible of an option as usual because interest rates are higher than inflation in the US for the time being.