Her FA is conservative (as many are) and strongly advised her that she was making an emotional mistake. She told him that she is not interested in being a shareholder in anything that is involved with Elon Musk, and that she wishes to demonstrate to her children and grandchildren what kind of world she wants to live in. She made her FA sell off mutual funds he had chosen that include musk properties.
This is a small but financially brave act, and I know that many people, especially older people have a lot to lose in the market right now. But your dollar has huge sway. Divestment from maga affiliated tech is one of the biggest ways we can leverage our money to matter.
Is anyone else’s family talking about their market practices or divesting as well? I’m proud of her for standing her ethical ground financially.
Originally Posted By u/PM_ME_UR_SNARES At 2025-03-29 06:38:58 PM | Source
There are usually a few options within 401k plans. However, broad market index funds or ETFs are as stated broad market and therefore generally have a little of everything big in the stock market including tesla SpaceX, etc.