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this post was submitted on 09 Dec 2024
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No Stupid Questions
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No such thing. Ask away!
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Putting money in the stock market isn’t making it do something productive. It’s not like your average person is able to participate in IPOs and fund some new venture. If I buy shares of company, the company already got the money years ago; I’m just speculating that someone else will want to buy my shares for more in the future. And then if I buy stock in Shell Oil or United Healthcare, that’s pretty evil. But I also don’t have the time and skills to actively manage a portfolio to meet some bare minimum ethical standards.
No, not entirely. Lots of companies pay dividends. Buy stock in those, and you're speculating that they'll continue to be profitable enough to pay dividends.
I'm not sure I can agree on this point, either. The time, maybe. The skill? If you're skilled enough to use Lemmy, you're skilled enough to set up a brokerage account and click "buy" on whichever companies meet your criteria. It's not actually any more complicated than online banking IMO.
I mean, the technical buying and selling is easy but knowing what to buy and sell and how to time it isn’t obvious. Automatically buying low cost index funds is super easy and generally yields the best outcome for most consumer investors. Managing a balanced portfolio of B corps and the like without taking on too much risk and ending up broke is not trivial.
Also, dividends don’t change the fact that buying stock isn’t investing in a business. Buying stocks is giving the previous owner of the stock some money and maintaining or increasing the value of the stock which impacts executive compensation.