I hate the whole publicly traded model of companies. I hate capitalism. But have to engage in trading stocks (I mostly do Mutual Funds and a small quantity of direct stocks) so that my money doesn't lose value by sitting in a bank or cash.

Same thing with credit cards, don't like taking loans and getting marked on a centralised list for that but it's a safer option than using your own money.

Fortunately I don't do crypto so that's a plus.

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[–] idkmybffjoeysteel@hexbear.net 7 points 9 months ago (1 children)

Yes, it sucks, but no way around it if you ever want to be able to retire. My employer pays double my pension contributions, so I've got that accumulating, and when I have enough in the pot I'll transfer it to a private pension and invest it myself as ethically as I can.

Unfortunately there is a tonne of greenwashing and lip service paid to ESG requirements, together with the high fees and lower returns means they aren't really worth it. Plus in a fund, yeah you get diversity, but no discretion if you want to participate in boycotts, and on a macro scale it makes fund managers too powerful.

But also no-one take advice from me I am literally still waiting until I have enough to minimise the fees before managing my own pension.

[–] HamManBad@hexbear.net 15 points 9 months ago (1 children)

Hot take: trying to make your 401k investments "ethical" is exactly the same as voting for Biden because he's the lesser evil.

[–] idkmybffjoeysteel@hexbear.net 4 points 9 months ago (1 children)

OK, I will just sell my house when I retire and then die when I run out of money.

[–] HamManBad@hexbear.net 16 points 9 months ago

Look at this bourgeois, owning houses. I bet you have your own toothbrush, too