"Big Oil" Bernie has investments in fracking companies (user search)
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  "Big Oil" Bernie has investments in fracking companies (search mode)
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Author Topic: "Big Oil" Bernie has investments in fracking companies  (Read 2384 times)
Torie
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Posts: 46,076
Ukraine


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E: -3.48, S: -4.70

« on: April 04, 2016, 11:54:54 AM »
« edited: April 04, 2016, 11:56:54 AM by Torie »

His investment is via mutual funds that, as noted, he does not control. His net investment is probably less than 0.5% of his portfolio if that much. I own index funds, that invest in the entire stock market, foreign and domestic, in companies via various index funds that are large and small and micro. So I "own" fracking companies too, along with God knows what, in tiny dribs and drabs.  Sue me!

This is really an unfair hit on Bernie. But in this campaign season, fairness goes down the drain first.
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Torie
Moderators
Atlas Legend
*****
Posts: 46,076
Ukraine


Political Matrix
E: -3.48, S: -4.70

« Reply #1 on: April 04, 2016, 12:51:16 PM »

There are quite a few socially responsible investment (or SRI) mutual funds with good performance.  If one wants to be pure on an issue, there is no reason not to use SRI funds.

They are not prudent investments if one's bulk of one's equity portfolio is invested therein. They are inadequately diversified. Many have high fees. But I suppose, if one wants to make a point, one could do that. Anyway, the rap against Bernie is totally unfair on this one.
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