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Yes, 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!
by eigenvalue 6y ago
Yes, 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.