Forum Archive Index - July 2001

["Chris Watson" <cgwatson@zfree.co.nz>]

It is a matter of choice - right and wrong choices.  Don't underestimate the 
significance
of putting your money behind a company and the products it delivers.  In effect,
you are funding whatever they produce, including all the spiritual and 
socio-economic
consequences that go with the product.

It's alot easier of course to conveniently ignore what it is you're investing in
but then what you end up doing is bowing before Mammon (i.e. the love of money),
and that is the root of all kinds of evil.  If you do that, then you have no 
credibility
criticising anyone else who makes a fast buck out of whatever - prostitution, 
guns,
germ warfare, whale culling, seal slaughtering, abortions, hired killing, etc.

Where your funds go, a part of you goes too.

CW

>
>Grant
>I share your views and trade accordingly
>Roley
>R O Rackley
>Auckland
>New Zealand
>  ----- Original Message ----- 
>  From: Grant Keymer 
>  To: sharechat@sharechat.co.nz 
>  Sent: Wednesday, July 25, 2001 8:43 PM
>  Subject: Re: Re: [sharechat] Ebet: Time for a punt? / Ethical >Investing
>
>
>  At this point I will add my voice in support of Jerrold too:
>   
>  I personally don't invest in certain shares which my conscience can't 
>>handle,
such as cigerette, porn,
>  and gambling companies 
>   
>  For the same reason I won't hold SKC and I am also not keen on CLH >(ASX) as 
>this
company makes a lot of its money by collecting debts from >bankrupt people.
>   
>  Don't get me wrong -- I'm not saying there isn't a need for the >services 
>provided
by such debt collection companies.  Just that I would >rather not make money 
leeching
off the backs of people who have probably >suffered enough already.
>   
>  Obviously by adopting this approach, I am turning my back on good >profits to
be made, especially in the case of SKC this year.  But there >are plenty of 
other
opportunities to make money in the markets, and I >would rather be selective 
about
the ones I put my money into.
>   
>  There has been considerable debate about Ethical Investing on the >other 
>channel.

>  I wonder how many other ShareChatters feel the same way?
>  Interested to hear all points of view.
>   
>  Grant Keymer
>  ____________
>   
>
>
>
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