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Reply #65: Thank you its called socially resposible investing [View All]

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lunasun Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-16-10 11:00 PM
Response to Reply #10
65. Thank you its called socially resposible investing
All kinds of portfolios /funds around for many many years... The origins of socially responsible investing may date back to the Quakers. A Quaker Philadelphia Yearly Meeting prohibited members from participating in the slave trade–buying or selling humans in 1700s. That is more than 86 yrs ago.

All these cost cutting moves by BP was to save a dime to give to it's every stock holder next qtr.
By law BP has to make a profit for it stock holders.

The investors, their money they trade for $tock, and their votes / or apathy not to vote during stockholder meetings are all part of the equation to destruction.

So many I know won't shop at Walmart but when I bring it to their attention , in horror then find out they are the stockholder that Walmart is making that extra nickel for by many inappropriate means.

Be part of the solution not the problem
invest responsibly
even oldies have time to convert
plus it's just good karma too
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