Forum Archive Index - July 2001

[Matthew Laing <Matthew.Laing@synergy.co.nz>]

I hold a slightly different view. In the past, I did not invest in "non-ethical" companies. I believed that doing so was showing support for the company.

 

Now I approach my investments on the basis of making money. Shares are just a vehicle to make money (for me - and for most people).

 

I am a small fish in a big pond. Whether one of the "un-ethical" companies has me as a shareholder or not will not make an ounce of difference to their success.

 

My opinion is that there are profits to be made and they need to be made by someone.

 

What I choose to do with those profits determines whether I am an integritable/non-integritable  (ethical/non-ethical) person.

 

At the end of the day, it's a matter of choice though isn't it.

 

Matthew

 

-----Original Message-----
From: owner-sharechat@sharechat.co.nz [mailto:owner-sharechat@sharechat.co.nz]On Behalf Of Roley Rackley
Sent: Thursday, July 26, 2001 10:48 AM
To: sharechat@sharechat.co.nz
Subject: Re: Re: [sharechat] Ebet: Time for a punt? / Ethical Investing

Grant

I share your views and trade accordingly

Roley

R O Rackley
Auckland
New Zealand

----- Original Message -----

From: Grant Keymer

To: sharechat@sharechat.co.nz

Sent: Wednesday, July 25, 2001 8:43 PM

Subject: Re: Re: [sharechat] Ebet: Time for a punt? / Ethical Investing

At this point I will add my voice in support of Jerrold too:

 

I personally don't invest in certain shares which my conscience can't handle, such as cigerette, porn,
and gambling companies

 

For the same reason I won't hold SKC and I am also not keen on CLH (ASX) as this company makes a lot of its money by collecting debts from bankrupt people.

 

Don't get me wrong -- I'm not saying there isn't a need for the services provided by such debt collection companies.  Just that I would rather not make money leeching off the backs of people who have probably suffered enough already.

 

Obviously by adopting this approach, I am turning my back on good profits to be made, especially in the case of SKC this year.  But there are plenty of other opportunities to make money in the markets, and I would rather be selective about the ones I put my money into.

 

There has been considerable debate about Ethical Investing on the other channel.

I wonder how many other ShareChatters feel the same way?

Interested to hear all points of view.

 

Grant Keymer
____________