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Is it immoral to invest in Phillip Morris, I mean, Altria?

Discussion in 'Fred's House of Pancakes' started by burritos, Nov 6, 2009.

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  1. Dipena

    Dipena Senior Member

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    Well, investing is a purely voluntary act. And when you invest in a company, you are helping them grow their business--in this case, helping them make more people sick and dead.

    You don't have to invest in anything so you might as well be choosy where you do it.
     
    #21 Dipena, Nov 8, 2009
  2. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
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    My portfolio is diverse. I am invested in companies that seek and development renewable energy options as well as companies that dig and drill for carbon fuels. I invest in organic suppliers and companies whose entire inventory is based on high fructose corn syrup.

    I anticipate the future and make a buck on those who are stuck in the past. In other words, my ideal reality is that I power my EV with residential solar panels and sell gasoline to those who refuse to adapt. If I can't convince them, I'll profit from them.
     
    #22 TonyPSchaefer, Nov 8, 2009
  3. jayman

    jayman Senior Member

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    Exactly. What's wrong with that strategy? Nothing ...
     
    #23 jayman, Nov 8, 2009
  4. burritos

    burritos Senior Member

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    As soon as Kraft spun off of MO, I started buying their DRIP. I keep eyeing MO's dividend. It's very enticing. With the FED shafting savers like me by keeping the interest low(and thus slowly eroding our currency), I'm debating whether to just to profit off of the sinners. I do with exxonmobil already(get it? sinning by burning gas, melting the polar ice caps and profiting from it?).
     
    #24 burritos, Nov 8, 2009
  5. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    very large congomerates own businesses marketing products in many areas. i do have stock... an electric car company, a company that specializes in building and maintaining neighborhood wind projects and a company developing products using thin film solar...

    as you can see... very well diversified
     
    #25 DaveinOlyWA, Nov 8, 2009
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