GlockTalk.com
Home Forums Classifieds Blogs Today's Posts Search Social Groups



  
SIGN-UP
Notices

Glock Talk
Welcome To The Glock Talk Forums.
Reply
 
Thread Tools Display Modes
Old 01-30-2013, 17:17   #1
HollowHead
Firm member
 
HollowHead's Avatar
 
Join Date: May 2005
Location: Where the buffalo roam
Posts: 23,081


Stock divestiture in a company you disagree with?

Would you divest shares of a company you no longer agree with morally or politically if it cost you income and a sizable tax hit? HH
__________________
Never trust a pastor with a day job.

Sent from two coffee cans connected by a string.
HollowHead is offline   Reply With Quote
Old 01-30-2013, 17:39   #2
Flying-Dutchman
Senior Member
 
Flying-Dutchman's Avatar
 
Join Date: Oct 2007
Posts: 4,075
No, I would keep the shares if I already owned them and wouldn’t sell otherwise.

I would never invest in those funds that avoid “sin” companies like cigarette maker Philip Morris (Altria); they always underperform.

Care to mention the company? Just curious.
Flying-Dutchman is offline   Reply With Quote
Old 01-30-2013, 18:21   #3
.264 magnum
CLM Number 121
Charter Lifetime Member
 
.264 magnum's Avatar
 
Join Date: Dec 2002
Location: Dallas TX
Posts: 16,632
Quote:
Originally Posted by HollowHead View Post
Would you divest shares of a company you no longer agree with morally or politically if it cost you income and a sizable tax hit? HH
Depends. I'm with FD The Vice Fund for example has outperformed the S&P 500 over most any time horizon.

I would likely sell a mutual fund, stock, ETF, hedge fund etc. that owned a company doing business that aids the Chi-com military for example - Iran, Syria, North Korea as well.
__________________
The Gonzales Flag - "Come and Take It!"
.264 magnum is offline   Reply With Quote
Old 01-30-2013, 18:42   #4
Annhl8rX
Senior Member
 
Annhl8rX's Avatar
 
Join Date: Jan 2007
Location: Lone Star State
Posts: 2,669
The whole point of investing is for a financial return. If I'm getting that, that's all that matters. That being said...I don't have a clue what my retirement funds are invested in.
__________________
"...you can't lose what you don't put in the middle... but you can't win much, either.
Annhl8rX is offline   Reply With Quote
Old 01-30-2013, 18:47   #5
jaws48
Senior Member
 
jaws48's Avatar
 
Join Date: Apr 2007
Location: AZ
Posts: 1,161
As long as it is making me money, I'm in. Yes, I know that don't square with my personal boycotts of companies, cities, states, etc that I don't agree with...what can I say. Maybe it only has to make sense to me
__________________
"Dogs bark and the caravan moves on."
jaws48 is offline   Reply With Quote
Old 01-30-2013, 19:54   #6
elsolo
Senior Member
 
elsolo's Avatar
 
Join Date: Aug 2003
Location: socal
Posts: 11,863
Like any other bet, you can use your head or your heart to pick the winner.
Betting with your heart usually costs you money.

I used to bet against my college football team, I don't affect the outcome of the game (fan not player) and winning $5 off a "loyal" fan helps make an otherwise bad situation better. My team lost, but somebody else paid for the first beer.

I would have no problem investing in shares of a company who's product or service I find objectionable, the goal is to maximize return on investment not "make a statement"

I find so much objectionable, it would be impossible to keep an approved list.

Last edited by elsolo; 01-30-2013 at 19:55..
elsolo is offline   Reply With Quote
Old 01-30-2013, 19:57   #7
VinnieD
Senior Member
 
VinnieD's Avatar
 
Join Date: Mar 2011
Posts: 995
If you hold stock in a company you can vote as a shareholder, and even bring things up for a vote. You're not just giving them money, you are a partial owner, and have the right to set them straight.
__________________
"Use more gun." -The Engineer- (Team Fortress 2)
http://gungeekfrag.tumblr.com
VinnieD is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump




All times are GMT -6. The time now is 05:00.



Homepage
FAQ
Forums
Calendar
Advertise
Gallery
GT Wiki
GT Blogs
Social Groups
Classifieds


Users Currently Online: 746
210 Members
536 Guests

Most users ever online: 2,244
Nov 11, 2013 at 11:42