“Adviser slams sustainability as ‘overdone and ludicrous'”

May 28, 2024 | Ethical investing, Investments

An independent (financial adviser’s) view

There are many reasons/excuses for not saving the planet. ‘Why bother recycling, it all gets shipped to China and dumped in the sea anyway?’ ‘How does an electric car help, African children go down mines for the stuff the batteries need and they use just as much steel?’ ‘Giving up meat will put all of the farmes out of business, won’t it? If we have hotter summers, we won’t have to fly to Spain, that’ll save the planet, won’t it?’ And, from a financial adviser, apparently ‘Clients don’t give a monkey’s about sustainability and ESG’ (environmental/social/governance vetted investments). Well, not in our experience and that of many others. If you actually bother to ask, a majority will actually want their money to do good things, or at least avoid doing harm. And shouldn’t we always apply the ‘just one life’ principle? Otherwise nothing will ever change; or would ever have changed.

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“Stocks surge and yields stabilise as Trump tariffs paused”

“Stocks surge and yields stabilise as Trump tariffs paused”

“The reason our stock market is so successful is because of me. I’ve always been great with money, I’ve always been great with jobs, that’s what I do”, said the man himself about (of course) himself. And, yes, one tweet, if we’re still allowed to use that old Woke term, on Truth Social can indeed send markets firmly up as well as down.

“Is the world heading into recession?”

“Is the world heading into recession?”

In ‘times like these’ old stagers like me put on our ‘seen it all before’ hats, but there’s a reason for that. However unprecedented it may all seem, we really have seen the resulting stock market tumbles and plummets many a time.