You’re not supposed to talk about religion or politics in the investment business. Your Survival Guy broke that rule on day one. I’ve always felt it’s important to know who you’re dealing with. The big firms try to play it right down the middle. They try to please everyone and no one at the same time. They don’t talk politics. Until now. And not on purpose. Let me explain. When the mutual fund industry rode index fees down to zero, they became victims of their own success. Suddenly, they needed a new way to skin the cat. Imagine the conference room discussions. “Bob, we need to get … [Read more...]

You have been reading for years here on YourSurvivalGuy.com about the dangers of ESG investing. Here's a small sample of what Your Survival Guy has been telling you about ESG investing and its proponents: You Invest, They Win: ESG Is a Money Grab The Woke ESG Investing Money Grab is Falling Apart Your Survival Guy Never Buys ESG Funds Ever EXPOSED: ESG’s Biggest Con Explained Is Your Financial Advisor Hiding the Truth About ESG? ELON MUSK: “ESG Is the Devil” ESG, Richard Young, Jack Bogle, and You ESG Money Managers Are Feeling the Heat ESG Is Another Way to Attack … [Read more...]

You know that markets need a dose of reality when it comes to ESG investing. But was Silicon Valley Bank brought down by ESG? That's the question Kimberley Strassel asks in The Wall Street Journal. She writes: While the main reason SVB failed was its decision to buy bonds at the top of the market (it got hit when it had to sell), it had also in the past few years further stretched itself by sizably increasing its loans and lines of credit to subprime firms. How much of that would have happened if not for the Biden pot of gold at the end of the green-tech rainbow? A Washington Post story … [Read more...]

Florida's governor, Ron DeSantis, has taken to the pages of The Wall Street Journal's editorial section to explain why he fought back against Disney's corporate activism by stripping the company of its special treatment under the law. He writes: On Monday, I signed the law ending the Walt Disney Co.’s self-governing status over 43 square miles in central Florida, an area almost as big as Miami. Disney no longer has its own government. It has to live under the same laws as Universal Studios, SeaWorld and every other company in our state and is still on the hook for the old district’s … [Read more...]

Florida Governor Ron DeSantis has warned fund companies that ESG investing is "dead on arrival" in Florida. Watch the governor explain Florida's position on ESG: ESG is a threat to the American economy and the individual freedoms that our country is built upon. It is dead on arrival in Florida. pic.twitter.com/ZqrdklbUvW — Ron DeSantis (@GovRonDeSantis) February 13, 2023 You know Your Survival Guy wants you to avoid ESG, and to avoid governors and financial professionals who would use your money to pursue their political aims. Read more about ESG here: Anti-Carbon Crusaders in … [Read more...]

The Biden administration is undermining fiduciary protections created by the Trump administration to protect retirees from money managers who would use their wealth to push the radical progressive agenda rather than to secure the savers' retirements. Now, 25 state attorneys general are suing to stop the Biden administration. Keith Griffith reports for the Daily Mail: The Republican attorneys general from 25 US states have filed a lawsuit challenging the Biden administration's plan to allow retirement fund managers to make 'socially conscious' investment decisions. The federal suit filed on … [Read more...]

Vanguard, one of America's largest mutual fund companies, is, according to Will Hild in The Wall Street Journal, violating an agreement with the Federal Energy Regulatory Commission (FERC) by meddling in the affairs of regulated utilities with its ESG policies. Hild writes: Americans are paying sky-high electricity rates and companies like Vanguard are making the problem worse. This week my organization, Consumers’ Research, joined 13 state attorneys general in a complaint against Vanguard at the Federal Energy Regulatory Commission. With more than $7 trillion in assets under management, … [Read more...]

You have watched state after state push back on ESG investing as money managers use their power over the funds to pursue increasingly political ends. Florida has now joined others in pulling money out of funds at BlackRock, the money manager best known for doggedly pursuing its green agenda using ESG fund power. Angel Au-Yeung reports for The Wall Street Journal: The backlash continues for BlackRock, the world’s largest asset manager. Florida Chief Financial Officer Jimmy Patronis announced Thursday that the state’s treasury would begin pulling out $2 billion of assets that are currently … [Read more...]