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Nutmeg have socially responsible fund, however...
https://www.newyorker.com/business/currency/does-divestment-work
tl;dr
- Obviously, there are some companies that do 'bad' e.g. tobacco companies, arms manufacturers but lots of companies that might be doing 'good' will have to do some bad things.
- Impact investing, in general, underperforms traditional funds. You'd be better off to donate the difference to a highly effective charity, e.g. ones recommended by GiveWell. FYI they currently recommend the Malaria Consortium at the most cost-effective charity to give to at the moment.
- There are arguments that disinvestment actually causes more harm
- Obviously, there are some companies that do 'bad' e.g. tobacco companies, arms manufacturers but lots of companies that might be doing 'good' will have to do some bad things.
bananaskid
Cross-posted from AQA:
I would like to "disinvest" (from petroleum, harmful resource extraction, habitat destruction, war, oppression etc).
What personal current/savings banks do people recommend?
What investment thingies do people recommend? I'm not talking huge sums here, but eg an ISA.