this post was submitted on 03 Nov 2024
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The article claims that she has total stock market index funds in her retirement account and not individual oil and gas shares…
They even link the full financial disclosure that reveals as much: https://www.dropbox.com/scl/fi/un8w34x8anzochjjik2dw/2024-Stein-PFD.pdf?rlkey=no0vsygaof1096tgm3843kwup&st=10vwoc8x&dl=0
This is literally insulting to anyone with any understanding of “investments”:
This is a super sketchy way to portray a very normal total market index funds…
Surely, if you're the Green party leader, you would simply not invest in that particular index fund, and probably would not invest at Vanguard either. When people say you should "divest from fossil fuels", it obviously also means taking your money out of these index funds.
This is literally the entire stock market, excluding US. All publicly traded companies worldwide. It's the epitomy of the "set it and forget it" investment strategy. If you don't know how to invest, this, coupled with VTI and a bond ETF or two, would be exactly what you would own, and nothing more.
You would, if you don't give a shit, yes.
But if you're actually fighting for a green transition, this is definitely not what you buy. Especially if you have the kind of money available to you that she has. Putting your money where your mouth is incredibly important. I don't even know why I am repeating this — the article put it quite succinctly.