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A comment on Ask HN: I've saved up $80k USD. What should I do with it?. Parent comment

Re:Ask HN: I've saved up $80k USD. What should I do with it? by sneak on Wednesday May 06, 2020 @07:29AM (#23089789)
Choosing to invest or not invest in Facebook does not change a single thing about whether or not society as a whole chooses to use Facebook and whether or not, via that use, Facebook becomes powerful and further erodes societal values placed around privacy. Facebook would still be Facebook (and thus dangerous) even if it were privately held.

Facebook is Facebook because they have an app that people love to use, and that gives them the power to sell and control placement in the communication between friends and acquaintances back to those same communities. They're not powerful because of their share price.

Index invest away. I have Facebook blocked at my router but I still own them via index funds.

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Re:Ask HN: I've saved up $80k USD. What should I do with it? by cityzen on Wednesday May 06, 2020 @08:12AM (#23090067)
Cool, I think you missed my point, though. I personally do not want to have a penny invested in Facebook/Google/Amazon. I do not care about the gains or losses or the number of people that love to use their apps/services.

Money isn't everything.

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Re:Ask HN: I've saved up $80k USD. What should I do with it? by blaser-waffle on Wednesday May 06, 2020 @09:07AM (#23090449)
There are ethical investing firms, and they offer ethical investing mutual funds and ETFs -- my wife holds a few of their offerings. Their performance isn't amazing.

You're also not obligated to buy an ETF -- you can create your own "index" without much effort. The OP's $80k would let them do that, were they so inclined. Maybe not all 500 in the S&P, but a lot.

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Re:Ask HN: I've saved up $80k USD. What should I do with it? by cityzen on Wednesday May 06, 2020 @12:33PM (#23093034)
Eh, after seeing the pile of dogshit that VCs are pushing on the public markets lately, I've lost a lot of faith in publicly traded companies.
[ Parent | on HN ]