I’ve saved up some amount of cash, but family is poor and hasn’t had useful advice. I feel like the stock market hasn’t been great for society, but surely there are some causes who would use the capital for good (and give it back when I need it later)? I have a half remembered portfolio from a previous union with a big war chest, but it doesn’t feel actionable.

I’m in North America + UK; but answers globally I think are interesting.

  • jubilationtcornpone@sh.itjust.works
    221·
    2 days ago

    Research “value investing.” A lot of the stock market is pure speculation but it is very possible to invest in businesses who run a “good business”, meaning they’re more concerned about long term sustainability than maximizing their share price right now.

    • UnderpantsWeevil@lemmy.worldEnglish
      41·
      2 days ago

      The Intelligent Investor, by Benjamin Graham

      Required reading for any investing newbie.

      Idk if this gets you ethical investment. But it at least lets you focus your investment cash on businesses you can expect will see a material ROI, rather than just throwing money into enterprises with a glitzy front page and sour financials.

      • Artisian@lemmy.worldOPEnglish
        1·
        2 days ago

        I’d like to tell myself that ethical investing would also… actually do stuff? Move numbers?

        • UnderpantsWeevil@lemmy.worldEnglish
          21·
          2 days ago

          If you’ve got enough money, and you don’t step into any big scams, sure.

          But the first is hard and the second is arguably even harder. The Tech Sector was flush with greenwashing under Obama, for instance.