Your Survival Guy’s been ranting and raving ad nauseam lately about the pitfalls of ESG investing where you invest, and they win. You know from my past posts that it’s basically a fee grab designed to line the pockets of investment firms. At the core of green energy and the Great Reset are money and power. They control the pieces and the money. If we let them. And that’s where being vigilant about how you invest and with whom you invest becomes paramount. When you simply ask, “What’s in it for them?” in rolls the fog. Follow the money. Solar panels and heat pumps will not be the … [Read more...]
Search Results for: ESG
ESG Creator: “It’s a Marketing Mania”
The ESG market is in upheaval after researchers at Morningstar recently stripped 1,200 funds of their ESG designations, and many major funds are suffering embarrassment over investments they had in Russia that are now coming to light. The coiner of the term, ESG, Paul Clements-Hunt has even called the ESG market "a whirligig, a frenzy, a marketing mania." Bloomberg's Saijel Kishan reports: After attracting trillions of dollars, the ESG fund industry is headed for a “shakeout” over the next five years, according to the man who coined the acronym. The finance sector has “sprinkled ESG fairy … [Read more...]
ESG Investing Serves America’s Elites and Adversaries, not Its Citizens
Alaska Senator Dan Sullivan is leading a charge to push back on money managers voting investors’ shares to push their agenda. That agenda, says Sen. Sullivan in an interview with CNBC, harms Americans and empowers America’s enemies. It's clear that ESG activists, like @BlackRock CEO Larry Fink, are killing American jobs and empowering our adversaries.@SenDanSullivan has had enough and intends to introduce legislation to limit their power ⬇️ pic.twitter.com/l9oxrxPCdY — Will Hild (@WillHild) March 24, 2022 You know from reading here that ESG funds, with high fees and no control for … [Read more...]
ESG Managers Fail the China Test
You know by now that ESG fund managers are using investor dollars to pursue their own political goals. That's why Your Survival Guy encourages you to invest in individual stocks and bonds with the help of an investment advisor who has a fiduciary responsibility to you. ESG funds, on the other hand, are selling you something different. They want you to buy their view of the world. And while they may talk a big game, the reality is that their ESG principles only seem to apply to countries in the U.S.A. In National Review, Andrew Stuttaford implies that when there's money to be made in China, … [Read more...]
Progressives Manipulate War, ESG Funds, to Push Great Reset Agenda
You know that the Great Reset agenda is all about using crises to push for change that fundamentally alters society to fight the World Economic Forum's (WEF) current bogeyman, climate change. Throughout the COVID-19 pandemic, the WEF used the pandemic as a reason to push its agenda, and now without missing a beat, its allies on the progressive left are using the war in Ukraine to do the same thing. Now, they're doing so by putting pressure on environmental, social, and governance (ESG) funds to exclude natural gas companies. Doing so, they say, will punish Russia and move the West away … [Read more...]
ILLEGAL? ESG Is Strangling Oil Exploration, and May Break the Law
You know that the so-called "Masters of the Universe" at Wall Street's big money managers have taken it upon themselves to use their influence over investors' money to push their own political agenda on markets. In other words, you invest, and they win. That agenda has been pursued via an investing philosophy known as Environmental, Social, and Governance (ESG) investing. A particular target for ESG investing has been oil and gas companies, which have found it very difficult to raise capital in the face of an investment industry that has become hostile to their efforts. The capital … [Read more...]
You Invest, They Win: ESG Is a Money Grab
When interest rates are nailed to the floor, business must go on. Hence the creation of ESG funds, and a whole new market is created to generate more fees for fund companies. WSJ reports: Few private citizens wield more power in America today than Larry Fink, the chief executive of BlackRock Inc. In pushing companies to embrace climate-friendly policies, that has made him a lightning rod. The firm he runs manages some $10 trillion for pension funds, endowments, governments, companies and individuals, equal to more than 10% of the world’s gross domestic product in 2020. Its funds are among … [Read more...]
BLACKROCK’S BITCOIN-ESG PARADOX: You Can’t Have It All
You know that you can't have it all. You can't say one thing and do another. That's the fastest way to break the trust of the people around you. You know BlackRock has been selling environmental, social, and governance (ESG) funds, promising investors they'll change the world by lowering greenhouse gas emissions. It's all a game to charge higher fees for funds, and to drive the EGOs of those in charge. But what you won't see anything about in the glossy ESG brochures is BlackRock's investments in bitcoin mining. That's because mining bitcoin is energy-intensive, generating massive amounts … [Read more...]
Who’s the REAL Winner from ESG Investing?
With all this talk about Environmental, Social, and Governance investing (ESG), where’s the focus on YOU? We know that ESG is about charging you higher fees with an ESG Trojan horse eating away at your investment savings. Where are the fiduciaries? Why isn’t there an uproar by the industry? Well, because ESG is a money machine where you invest, and they win. Action Line: Maybe over the short-term, investment values act like a voting machine, but believe me, over the long-term, values don’t lie. They are a weighing machine. … [Read more...]
BLACKROCK’S BILLIONS: Guess Where Those ESG Fees Are Going?
Investors in funds purporting to buy companies focused on "environmental, social, and governance," (ESG) issues, are paying much higher fees than those buying market index funds. The ESG funds are funnels for the follies of CEOs with big EGOs, who want to mold the world in their image using investors' money to give them power. Now, mega-ESG pusher BlackRock, has reported a 23% profit increase for the quarter, ahead of anyone's expectations. You know what powered those profits? Fees on actively managed funds, like ESG. Dawn Lim reports for The Wall Street … [Read more...]
ESG Ratings Are a Subjective Mirage
Big fund companies like BlackRock, led by their EGO-focused CEOs like Larry Fink, have created an entirely new industry for themselves out of pushing ESG (environmental, social, and governance) funds onto unsuspecting investors who want to make the world better with their money. While investor intentions are good, funds companies are more interested in the higher fees they can charge for saving the world than in actually driving change. The way you know that's true is the complete mish-mash of what these fund companies consider acceptable in their ESG products. The ratings they use for … [Read more...]
It’s a Trap: High Fees Hamstring ESG Returns
Investors love the idea of helping the world out with their investing dollars. That has made selling ESG funds easy for the world's largest asset managers. They love pitching their funds as a way to "save the world," while quietly charging high management fees. But according to the Wall Street Journal, investors are beginning to notice something. Despite their desire to save the world, they still want to make money from their investments, and that's not always happening with ESG funds. Cheryl Winokur Munk reports: A notable 47% of respondents in the Schroders 2020 Global Investor Study say … [Read more...]
ESG Funds: You Invest, They Win—Here’s Why
You work too hard to have your savings messed with. You have enough on your plate as it is. Between keeping track of the rules for Roths, IRAs, RMDs, it all adds up. You read about ESG funds that are supposed to be “good” for the environment and wonder, “But, are they good for me?” In my series for you, “You invest, they win,” you wonder. You may also wonder about my concerns with Vanguard being too big. “How do you know if it’s too big?” you ask. “Well, it might be too big,” I respond, “if your phone rep is greener than a recycling bin and working in a room the size of a football field.” If … [Read more...]
Wealth Management Pitfall: ESG, Part I
Don't fall into the ESG trap. Read what I wrote here on December 11, 2018. Your wealth manager should act as your fiduciary, plain and simple. Sounds easy. But in reality it’s not. Today, I want to help you overcome one of the more absurd obstacles you may face. It’s called environmental, social and governance investing, or ESG. Thousands of investment managers have pledged to follow ESG—a pledge to abide by a U.N.-sponsored statement of ESG principles. Investing in fossil fuel stocks, for example, would likely be on the “no go” list of companies available for investment. You can forget … [Read more...]
Wealth Management Pitfall: ESG, Part II
Earlier this week, I wrote to you about the pitfall of environmental, social and governance investing, or ESG. Thousands of investment firms have signed a pledge to follow ESG and abide by a United Nations sponsored statement of principles. The problem here is multifold. First, your investment advisor should act as your fiduciary not an environmental activist with your money. Second, the number of state pensions that have signed this pledge is appalling. Not only are these pensions underfunded, but the administrators are using other people’s money (retired teachers, police, and firemen … [Read more...]
What’s BlackRock Hiding in Your Target Date Fund?
Just follow the money. That’s all you need to do to understand the motivation behind BlackRock’s plan for your retirement: A 401(k) with a monthly check. In other words, they want to annuitize your savings, charge you a fee to do it, and maybe pay you a little less than what they’ll make on it. No thanks. Jack Pitcher reports in The Wall Street Journal: A small-but-growing number of companies are offering 401(k) plans that promise employees a degree of predictability, with retirement paychecks they can count on for life. The goal is to turn a portion of retirement savings into fixed … [Read more...]
What Took Them So Long?
Last week, State Street Global Advisors announced that it is leaving the group Climate Action 100+, which seeks to use financial power to implement the goals of the radical progressive climate agenda. This follows on the heals of BlackRock's backpedaling, and Vanguard's leaving a similar group, the Net Zero Asset Managers initiative. Silla Brush reports for Bloomberg News: State Street Corp. is pulling out of the world’s biggest investor group devoted to tackling climate change, saying the organization has hamstrung the firm’s own approach to the matter and its ability to interact with … [Read more...]
Wall Street Abandons the Climate Extortion Racket
Wall St. has slowly been turning against the climate extortion racket, possibly beginning with Vanguard's decision to leave the Net Zero Asset Managers initiative back in December 2022. Even ESG champion BlackRock has been backpedaling hard on the investment craze. Now, The Wall Street Journal's editorial board reports on what might be the beginning of the end for ESG. According to the editors, JPMorgan Asset Management, BlackRock, and State Street Global Advisors have decided to leave the climate extortion racket. They write: Has the tide turned on environmental, social and governance … [Read more...]
Investing Habits of the Fairly Wealthy: #7 “C-“
A lesson in investing: It’s a lot like high school. There’s ups and downs. It can be an emotional roller coaster. But if you own your bonds and stocks outright and hang in there, then there’s a graduation date—your bonds mature, you collect dividends, and you move on to the next step in life. As if it were that easy. It’s not easy. One spring Friday afternoon of my high school freshman year, Your Survival Guy got off the bus looking forward to the weekend only to find my dad at his desk looking over my report card. “What’s going on at school?” he asked. “Not much,” I said. “I … [Read more...]
Keep Other People’s Politics Away from Your Money
Keep other people’s politics away from your money. Your Survival Guy favors the selection and ownership of individual stocks to avoid the ESG crowd. In The Wall Street Journal, Matt Cole and Jeff Sherman discuss what they call "the charities hiding in your 401(k), writing: Environmental, social and governance investing is like the wrinkle in the rug; stomp it down and you shift the problem somewhere else. As investors and lawmakers push against ESG’s presence in portfolios, it is infiltrating index funds wearing a new disguise: the public-benefit corporation, or PBC. Unlike a standard … [Read more...]
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