Socially Conscious Investing not for you?

erik_kosberg · #1 08-26-2002, 02:39 PM

I’m not sure whether it’s for real or a very good spoof, but Vice Fund turns socially conscious investing on its head.

Now if only they had a we-kill-baby-seals investment option...

theeye · #2 08-26-2002, 02:42 PM

Please don't tell my husband about this.

**pageclot**[$] · #3 08-26-2002, 03:17 PM

I thought there was a fund designed to profit from the US getting involved in overseas conflicts. Can't remember where I read it, though.

phoenixx · #4 08-26-2002, 03:23 PM

I love it , spoof or not....

brian_igo · #5 08-27-2002, 01:53 AM

This isn't new. Years ago (maybe mid-eighties?) I read a piece in one of the business magazines about an old school broker. The story about was how this guy made money his way even when Michael Milken and KKR were running Wall Street.

One of the things they mentioned, and what stuck in my mind, was that this arch-conservative, prototypical post-depression investor had set up a closed "sin fund" for himself and some close friends when he started in the business in the late 1940's. They bought and held, and it beat the S&P like a red headed stepchild year in and year out for four decades. I've heard of several other small sin funds since, so I doubt its a hoax.

Will I make something like this a part of my portfolio in the coming years? Absolutely.

Brian