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Yeah, except that ETF charges literally a ten times higher management fee than Vanguard. If the Vatican really cared, it would provide its own index and low-co
by dcolkitt 6y ago
Yeah, except that ETF charges literally a ten times higher management fee than Vanguard.
If the Vatican really cared, it would provide its own index and low-cost funds in a non-profit vehicle. The Vatican already has a huge asset management operation, so they can't possibly claim that this they don't have the capabilities.
- eigenvalue 6y agoYes, you would literally be better off buying the Vanguard fund and then just individually shorting out the companies you don't like in the appropriate ratio!
- gweinberg 6y agoEven if it's the same from an investment standpoint I don't think most people would consider it morally the same. Sorting a stock is essentially betting its value will go down. If you don't really believe it will go down, shorting a stock is just creating a profit opportunity for someone taking a long position. Right?
- elcomet 6y ago> creating a profit opportunity for someone taking a long position. But this person is actually also you. You just bought and sold the same asset.
- scarmig 6y agoI wonder, is shorting an unethical stock morally equivalent to (or even morally preferable to) not interacting with it at all? What about options--long positions bad, short positions good? Can I go long on one morally monstrous company, if I ethically hedge by shorting another? Now I want a fund comprised entirely of ethically evil companies. Not sure what I'd do with it, but it seems useful.
- KerrickStaley 6y agoOffering novel financial products is a much more complex business than simply managing assets. I don't think it would be a natural extension of the work the Vatican already does. Good point about the expense ratio, though.