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I had two reasons: 1. The scandal itself. I do not want to support a company that has a proven record of not caring about the environment. I understand that th
by evandijk70 8y ago
I had two reasons:
1. The scandal itself. I do not want to support a company that has a proven record of not caring about the environment. I understand that this probably applies to all car companies, but VW is the only one that got caught. Getting caught circumventing environmental laws should be something that CEO's are afraid of, and this is an easy way to contribute to that fear. I would not buy a VW for the same reason.
2. I wanted to diversify outside of the EU. The Dutch and German economy are very connected, which would make my portfolio very vulnerable to a recession in either of those two countries.
- ericzawo 8y agoHow could you possibly say point 1 while also being a big oil shareholder?
- canadianwriter 8y agoBecause money.
- evandijk70 8y agoThe big oil company, Shell, was included in the ETF for the AEX (Index for the Dutch stock market) I bought, so I did not really have a choice there, other than buying ~20 individual stocks which given my small portfolio would be to expensive due to transaction fees. Moreover, I believe that oil, at least for now, is a necessity for human society and I have no reason to believe that there are other oil companies that are better for the environment than Shell, whereas in the car industry there are plenty of viable alternatives.
- deleted 8y ago[deleted]