That’s like saying your vote doesn’t matter, so why vote?! I will still be a millionaire one day regardless of my ethical views because I know how to invest money well; the only question is when. Tesla and Nio are up in a large part because investors just want to see Tesla and Nio in their future. It’s a nudge towards green energy like all the green energy stocks. It’s not the little guys pulling the strings, it’s the big whales that have more money than they know what to do with and that brings a different kind of incentives. Look at SeaWorld Holdings. Not the best financials and doesn’t always make a profit but people love going to Busch Gardens because it’s a wonderful paradise and they want it to stay in their future. All 3 of these companies I mentioned are outperforming that surveillance and spying stock for good reasons.
You might not be convinced yet so here’s some further evidence. First look at the websites of Morningstar and see how much of the screen real estate is dedicated towards ethical and responsible investments. Years ago, this didn’t exist. Look at the returns of VOO vs. ESGV now. You’ll see that ESGV has outperformed VOO!
Do you know what sucks more than being on the bad side? Being on the bad and the loosing side. :)
You might not be convinced yet so here’s some further evidence. First look at the websites of Morningstar and see how much of the screen real estate is dedicated towards ethical and responsible investments. Years ago, this didn’t exist. Look at the returns of VOO vs. ESGV now. You’ll see that ESGV has outperformed VOO!
Do you know what sucks more than being on the bad side? Being on the bad and the loosing side. :)