I own shares of stocks and funds
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I own shares of stocks and funds
is that breaking a precept?
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Re: I own shares of stocks and funds
No, but I would avoid buying shares in those companies that are considered wrong livelihood. For example, avoiding shares in companies that produce weapons, alcohol (beer companies, etc), cattle futures, etc.
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Re: I own shares of stocks and funds
Re: I own shares of stocks and funds
I own 1 share in a company called GW1. Its worth 30 cents or 3,090 Indonesian Rupiah.
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There is always an official executioner. If you try to take his place, It is like trying to be a master carpenter and cutting wood. If you try to cut wood like a master carpenter, you will only hurt your hand.
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Re: I own shares of stocks and funds
This is a difficult goal to achieve when you are not investing directly.
When you invest in Super Funds, Managed Funds and Exchange Traded funds, you do not have control of where the money is invested.
You can find these ethical funds but they defeat the objective of investment.
I worked for a company run by Muslims and they do not invest money in tobacco, alcohol, and gambling-related busineses.
“As the lamp consumes oil, the path realises Nibbana”
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Re: I own shares of stocks and funds
Yes, indeed, just only recently I realised how cool is Islamic banking and investments. Too little contact with Islam even when living in Malaysia, partly cause the made us study history with heavy focus on Islam in secondary school. Haha, just finished reading up a lot on Islam recently.
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Re: I own shares of stocks and funds
I need some of that gw1
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Re: I own shares of stocks and funds
There's nothing wrong with owning funds of stocks or bonds (particularly index funds which invest in a general total market rather than specific industries). There may be problems with owning individual stocks which do business in a certain area (poisons, killing, intoxicants, meat, etc).
Re: I own shares of stocks and funds
IMHO, I don't think sustaining this society as it s, in any way, shape, or form, is wholesome. Problem is though, you're going to sustain it anyway, pretty much regardless of what you do. Nasty situation.
Re: I own shares of stocks and funds
What about an actively managed fund where they constantly buy and sell different shares, you generally don't have an idea what they're holding. One month it may be a sausage company in the portfolio, another month a movie company.
There is only one battle that could be won, and that is the battle against the 3 poisons. Any other battle is a guaranteed loss because you're going to die either way.
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Re: I own shares of stocks and funds
It gets complicated with active management, because basically you are letting someone else invest your money for you usually with the only motivation being make as much money as possible. In this way, you don't have any control over what you invest in, and no say in what is done. I'm not sure its against a precept really, but if you ended up owning a large interest in a company which does something unethical, it would probably be a situation you don't want to be in as a Buddhist. Plus, actively managed funds typically underperform a total market index.
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Re: I own shares of stocks and funds
i try to buy ethical etfs, like climate ones. i've also been investing in water etf's lately. but i do have some index etfs and individual stocks as well. also gold and silver etf's, which probably aren't all that ethical, now that i think about it. they are also not doing well, so maybe i should get rid of them. i also have a bitcoin etf, and i know bitcoin uses a ton of electricity, so i don't feel great about that.
Re: I own shares of stocks and funds
In the UK, i recently read somewhere the weapons industry now makes more revenue than the automotive industry. In Australia, there are many Israeli technology enterprises listed on the ASX (easy place to raise capital). Yet when you look into these companies, they often are developing tech also used in the arms industries; including for drones. Now tech is being used by the new surveillance state; such as the censoring of open scientific discourse. Obviously, in the Buddha's time, there was not a weapons industries like today that is so connected to other industries.dharmacorps wrote: ↑Thu Sep 23, 2021 7:32 pm There's nothing wrong with owning funds of stocks or bonds (particularly index funds which invest in a general total market rather than specific industries). There may be problems with owning individual stocks which do business in a certain area (poisons, killing, intoxicants, meat, etc).
There is always an official executioner. If you try to take his place, It is like trying to be a master carpenter and cutting wood. If you try to cut wood like a master carpenter, you will only hurt your hand.
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Re: I own shares of stocks and funds
That sounds like a gray area. The managed fund might be investing in some of those bad companies that you didn't intend to invest in, but it wasn't directly your choice. To be sure you could just invest in individual companies (Microsoft, Apple, etc).un8- wrote: ↑Thu Sep 23, 2021 9:07 pmWhat about an actively managed fund where they constantly buy and sell different shares, you generally don't have an idea what they're holding. One month it may be a sausage company in the portfolio, another month a movie company.
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Re: I own shares of stocks and funds
no matter how good our intentions are, somewhere along the food chain there is blood on our hands.