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Moral or ethical concerns aside, the military-industrial sector is a solid investment. They’re reliable companies that are “vital” to their respective countries’ “national security”; and will always be propped up.
Yeah, but if you're a church you'd think moral and ethical concerns would be at the forefront of how you invest. But of course, we're in an age where everything is basically a hedge fund: banks, car companies, governments, universities, churches, etc.
Most churches invest into some sort of hedgefund, or some other kind of investment firm- You don't want Pastor Joe running the investments. the market is basically a zero sum game, so, any time you make a profit, somebody else loses profit and it's arguably inherently unethical to invest in the market.
which means anyone whose good at investing isn't going to be nearly as concerned with ethics or morals.
There's ethical funds you can invest in and still make a profit. Stuff like renewables, worker -owned companies etc are all options, and will typically actually outperform index funds.
What are you talking about? Why would you think the market is a zero sum game?
Because it (basically) is. In order for a pair of trades to be profitable, somebody has to give up that value.
Even if you’re literally just holding for dividends, that dividend’s value is coming from the company. (And it’s also reflected in the share price basically immediately. A $1 dividend per share would see the share price drop by a dollar.)
When you make money on the stock market, somebody lost that money. It might be another investor, it might be a day trader, it’s probably a market maker.
Stocks don’t magically grow. The market doesn’t magically make value. It all comes from somewhere.
The argument against it being a zero sum game is basically that everyone has their own objectives and might consider it a win, regardless if they didn’t time their trades perfectly and left money on the table.
But that doesn’t change the basic reality that they gave up value for some one else to (hopefully) profit.