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More Environment, Social, and Governance (ESG) investing funds have closed in 2023 than the last years combined amid political backlash and investor scrutiny.
Bloomberg reported that State Street, Columbia Threadneedle Investments, Janus Henderson Group, Hartford Management Group, and others closed more than two dozen ESG funds this year, according to Morningstar. More
I was going to take some of my money and give it to an ESG fund but unfortunately I’m still stuck here at burning man.
I have never thought of even investing in crap like that. Truly an investment for “woke” idiots only. Why would any normal person invest in a company that hires blue hair, men that think they are women or anyone that believes in rising water and climate change. Companies what people with a good work ethic and have a useful education. Not junk degrees.
Most of my money is in money market funds right now, about 5% return and no risk. Still not keeping up with inflation but better than putting it in a mattress.
The rest is in an ETF, STRV which specifically invests in non-ESG/DEI companies. There are a few similar ones. It still dropped last week though, along with everything else. I’ll go heavy into the market as soon as a Republican takes the presidency, until then our economy is under attack by the government.
I’ll take my chances and invest in G.O.B.
GUNS, OIL & BOOZE
I invested in 5 Canadian quarters … and beachmom …