Forum Archive Index - July 2001

["Wedde, John" <john.wedde@cit.ac.nz>]

I contributed to this thread at the beginning, before the discussion about
the morality  of  various investments began,  and have followed it with
interest subsequently.
I was not going to comment on the morality aspects of investing in gambling
stocks but find myself now somehow forced to do this because of the numbers
of you who seem  to be against it.
To all of you who espouse this view I would pose the following simple
[rhetorical] question.
Are not all "investments" in shares simply  "punts"?

Cheers,
John


                -----Original Message-----
                From:   Chris Watson [mailto:cgwatson@zfree.co.nz]
                Sent:   Friday, 27 July 2001 13:41
                To:     Roley Rackley; sharechat@sharechat.co.nz
                Subject:        Re: Re: [sharechat] Ebet: Time for a punt? /
Ethical Investing

                It is a matter of choice - right and wrong choices.  Don't
underestimate the significance
                of putting your money behind a company and the products it
delivers.  In effect,
                you are funding whatever they produce, including all the
spiritual and socio-economic
                consequences that go with the product.

                It's alot easier of course to conveniently ignore what it is
you're investing in
                but then what you end up doing is bowing before Mammon (i.e.
the love of money),
                and that is the root of all kinds of evil.  If you do that,
then you have no credibility
                criticising anyone else who makes a fast buck out of
whatever - prostitution, guns,
                germ warfare, whale culling, seal slaughtering, abortions,
hired killing, etc.

                Where your funds go, a part of you goes too.

                CW

                >
                >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
                >  ____________
                >   
                >
                >
                >
        
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