I was horrified by the contents of one of my Finnish mutual funds when I looked into it after years of disinterest. I’m especially disgusted by UnitedHealth Group Inc - the health insurance company whose mass murderer CEO got shot recently, sparking nationwide cheers.
As a passive investor, you’ll forget your money into the wrong hands when the bank won’t remind you of developments in the political situation.
Ålandsbanken promises:
“socially sustainable”
You may assume your bank is civilised, but you should have a closer look. I’m a customer of S-bank in Finland. In this case, the fund ended up under a different Finnish bank twice due to buyouts, and the management of the fund ended up in a Canadian bank branch in the UK.
My other bank didn’t recommend selling my Russian investment when Putin’s reign had started going overdue after his full term as a president. Luckily I was awake and sold everything.
Investments drift out of balance over time. Within mutual funds, there are limits, but the funds grow at different rates. You should re-balance your diversification once in a while to avoid excessive country risk.
I don’t know if fund managers are bribed to distort the balance within the fund’s limits for the benefit of a third party.
My fund is managed by that guy. I sold everything. Will reinvest in Europe.
I realize there’s a lot of nuance and detail around who’s to blame, I’m generalizing. Another way to see that stat though is that only 21% opposed fascism.
Even looking strictly at the voting population, Trump got less than 50% of the votes; more people voted “not Trump” than voted for him. That’s before you account for the majority of 90 million non-voters holding left leaning views (studies say irregular voters are as low as 40% republican voters) with either no acceptable candidate to support or living under voter suppression.
Did you know it’s possible to with the presidency with as low as 23% of the popular vote? Guess which color states have a massively oversized impact on the electoral college…
That’s the infamous gerrymandering I’ve read about? Still you are all part of the imperialist machine with your taxes contributing to the bombings of brown people. But I understand that many of you don’t want this, just like I live in a comfy semi-socialist state in the west yet my government has no problems selling weapons to aggressors.
Thanks for appreciating the struggle, I’ll drink to that 🍻
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