this post was submitted on 11 Oct 2024
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I bought a bit of BP shortly after the oil spill.
I was hoping to lose it all, but had the feeling I'd end up making money. I did make money.
All those shareholders should have been fucked.
You are the reason they didn't lose it all.
Yeah, if not for me the government would have responded appropriately and bankrupted the company.
Exactly! I'm glad you understand.
You're the problem. You get that, right?
how else are people supposed to avoid money losing value? bonds?
There's socially responsible ETFs that track stock indexes but exclude companies like oil and gas companies. The return isn't as high, but at least you're not giving money to Big Oil.