Comment on
Help someone with zero financial education start from nothing
Reply in thread
I will note that another way to look at it is by owning full shares of large companies you get to vote as a shareholder on how that company is run because you literally own a small slice of it. Sure, the handful of shares most retail investors own don’t make a difference compared to the shares owned by investment banks and ETFs, but if you want to put your money to work in more ways than just making more money, owning stocks is one way to do that at a principled level. It is also a way to buy into companies you do agree with, and again vote to keep them going in the direction you want them to go in. That said, a somewhat lower-risk way to do this is to look for socially aligned ETFs. There are many around that invest into companies with solid climate goals/records, good stances on human rights, investment into employee wellbeing, and tons more depending on what you care about. They aren’t likely to have the same returns as an index fund that tracks the S&P or NASDAQ, but it’s a more socially responsible way to invest with non-monetary returns.