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Balancing Beliefs and Profits
How/do you incorporate personal beliefs in your investing philosophy?
With the rise of ESG, there has been a larger focus on more conscious investing. Are you strictly business economic focused or do have a personal "moral" compass that steers you towards/away from certain investments?
Some examples of my mental guardrails:
- Tobacco Companies - $MO is a darling of the dividend community, but I do not want to invest in companies that profit off of a potential detriment to the human health.
- Car Manufacturers - After working for $PPG as a Tier I supplier to the auto plants, I had the opportunity to work intimately with them daily. After seeing (and feeling) the ups and downs of the industry and the daily operations, I do not want to invest in these companies.
- Oil/Gas Companies - My view on this has slightly changed. I used to be 100% anti-old energy. However, seeing the efforts of companies like $MPLX, $MPC, $CVX to make their processes as environmentally sustainable as possible has started to change my perception of these businesses.
So, Commonstock, what are your thoughts?
Do personal beliefs affect your investing decisions?
0%No
73%A Little
26%Very Much
0%Show me the money!
15 VotesPoll ended on: 5/14/2022
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