@umitakcn@dielawn714 Data is inconclusive at best, on the relationship between divestment campaigns, and their effect on share prices. You do see a positive correlation however, between share prices and shootings -- more specifically, after talk of legislation that follows shootings. This surge in demand is also accompanied by high volatility, and a number of correction events. Furthermore, to pull from @keywonc re: earlier, it's entirely rational (and probably a good idea) to question the future of the industry -- even if the business is currently healthy, what do the long term prospects look like, globally?
Ultimately, one of the main effects/benefits of a divestment campaign such as this, is to encourage healthy public debate, as a part of a larger strategy. This was the case when it was used to help end apartheid in South Africa, and it's proving to be effective for climate change, too. "Goodbye Gun Stocks" won't reduce gun violence on its own, but can be an effective part of a larger whole. We also hope it can also help people get their investments better aligned with who they are, without having to sift through mountains of SEC filings.
Sources:
http://www.bloomberg.com/news/ar...http://www.fool.com/investing/ge...
@ryan_codropse@ibbe_raja It's amazing how much money can be made, when people can trick you into not knowing or acting.
IMHO that’s where tech and design comes in, to help you know and act.
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Hello Money user here :)
Thanks for another cool product.
@onursahill Glad to hear that -- we’ve been quietly improving Hello Money too. It’s been adopted to be an official tool for https://www.reddit.com/r/portfol... for some time now, and we just gave it a quick visual refresh.
@cbsansoy First step is to find an alternative fund, to replace your current one. Click the red “See Alternatives” button from your fund page to see more funds in the same category.
From there, you can filter the results to see the funds that meet specific criteria, like:
- Gun stock percentage (makers or sellers)
- Fund category and brand
- Annual expenses, past returns, and risk
Second step is to pick one of them, to get a side-by-side comparison to examine it further.
Once you have settled on an alternative, you can log into your brokerage account at your convenience, sell the current fund, and buy the alternative fund.
While Goodbye Gun Stocks doesn’t execute the trades for you, we act as an independent source to evaluate your current fund and find an alternative. Hope this helps!
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What about spoon stocks? Cause spoons made me fat
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I love this idea. I wish someone would do this concept with Private Prisons...
@paul_banks Thank you! I do think this concept can extend to many other topics. Fossil fuels, animal cruelty, LGBT friendliness, gender equality... private prisons could be one.
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Hello Money, Goodbye Gun Stocks
Hello Money, Goodbye Gun Stocks
Hello Money, Goodbye Gun Stocks
Hello Money, Goodbye Gun Stocks