[nodesocket]

Shaping the future for “good” is not investing. That is ESG and if you value capital and capital appreciation ESG has been proven not to be a solid strategy. See also altruistic capitalism with such moral people as Sam Bankman-Fried, Elizabeth Holmes, Trevor Milton and Adam Neumann. Solid list of moral people shaping the future.

[sharmajai]

Who said investing is _only_ for "capital and capital appreciation"? It can also be for social good.

[tomtomtom777]

Wow. I am not sure how to respond to this as you seem to have a completely different mindset. You mean to say it is "proven" not to be a solid strategy as in not maximizing profit?

Surely, you acknowledge that funding something is a rather direct way of actively supporting it. It is your money and your choice of what you choose to invest it in, and thus how you choose to shape the future. If you buy OIL to make money, you are still responsible for the additional investment made in oil, and are still shaping the future, whether you like it or not.

[DwnVoteHoneyPot]

No, you're wrong. Oil producers produce oil... Consumers consume oil. In between the producers and the consumers, it doesn't matter whether or not trader A sells a barrel of oil to B, then B sells to C, and C sells it someone else. All of the A to B to C is net zero.

All of the money comes from consumers. The money may change hands 100 times in between, but the money from consumers goes to producers.

If you purchase any products which included petroleum in your life, whether it's a house, car (EV or not), or stretchy clothes, that is what funds the oil producers. That where the money goes into the system, including to investors as return.

[nodesocket]

> It is your money and your choice of what you choose to invest it in, and thus how you choose to shape the future.

Absolutely, but I believe you are conflating investing vs donating. The literal definition of investing is:

> Allocating money (or capital) with the expectation of generating a return or profit over time.

[tomtomtom777]

The fact that is used to make profit doesn't absolve us from any moral judgement. Buying stocks of a company improves its financial position allowing it to grow.

Would you buy stocks of ClusterBombsInc over CureForCancerInc because it has slightly better prospects?

[Invictus0]

The ticker is USO, not OIL, and it's abundantly clear that you have no idea how it works.

[tomtomtom777]

I am responding to someone that used OIL presumably because it is - although incorrect - more clear as an example for those that are not into trading.