We work hard, save up money and buy stocks. It serves two primary purposes: 1 Good return on our money, and 2. For our country (must be news to most). In reality, the stock market is being changed to a big casino.
The company needs our investing money to develop new products and hence hire employees. When the company makes money, it pays taxes. We would not have Apple paying taxes and hiring thousands of employees if we did not finance it via IPO.
This is the ideal purpose for investment. As an investor, we need to choose the company that produces the right products that will be good for the society.
You will find few companies that produce useful products only. We need to pick companies with less evil. Here are some evils.
1. Tobacco companies. Do you invest in products that kill one of your friends? Even if you do not smoke, the second-hand smoke (and even the third-hand smoke for unborn babies) still kills.
2. Offense companies. Why do we need a carrier generated by two nuclear generators? We already have weapons to destroy the entire world with a press of a button. Boeing is OK with a small division in offense. According to NRA, guns do not kill and it is the best way to control population growth. :(
They are legal products. Special interest groups control our politicians like puppets. That's why we're the only developed country without gun control even we have school shootout every year.
3. Casinos, wine, fast food, soda...
They are border line cases. They provide good services and products if you do not take it to the extreme. They only hurt you but not others (except from drunk drivers).
Money is not everything in life once we have the basics and we should invest wisely and responsibly in products that will not harm us.
What's good if you made millions in a tobacco company that kills you via second-hand smoke? How about the young kids killed every day by guns? Sad but happening every day.
Stop counting money with hands dripping in blood and eventually the blood would be yours.
Subscribe to:
Post Comments (Atom)
In responding to the other side,
ReplyDelete* The articulate doctor cares about his dividends than your health. I rest my case.
* If we all sell the tobacco stocks, they will not have money to spread their evil deed to the rest of the world like China.
* I hate most of legal lawsuits that are initiated by the rich and/or powerful, but hands up on prosecuting tobacco companies.
* As in the original post, gun does not kill and it is the best way to control population growth.
NRA is so powerful that gun control (we're the only developed country without one) makes our politicians puppets even we've a nice shootout in some school every year.
This comment has been removed by the author.
ReplyDeleteWithout smokers, we may have to close down 1/4 of hospitals and hence caused more to be unemployed.
ReplyDeleteGuns are legal products too. How come we have a nice shootout in school almost every year and we're the only developed country without gun control?
ReplyDeleteIt is because our politicians take bribes from the 'special interest' groups.
Again, evils have many levels.