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Call for boycott of VG
Old 04-17-2018, 03:11 PM   #1
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Call for boycott of VG

https://www.cnbc.com/2018/04/17/stud...ownership.html

I believe every index fund probably owns gunmakers, food corporations that kill animals, oil companies, etc.
So I really don’t want index funds watered down for every political viewpoint...
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Old 04-17-2018, 03:33 PM   #2
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I don't think there will be a wave of redemption's from VG over this.
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Old 04-17-2018, 04:05 PM   #3
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*****refraining from getting too political*****

This kid is in way over his head. I'll just say he is a useful idiot.
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Old 04-17-2018, 04:15 PM   #4
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What I want is an index fund consisting of all the companies rejected by the socially concious investing crowd. Think tobacco (isn't Altria like the best stock over the last 40 years?), alcohol, guns, fossil fuels, casinos. That is, the makers of stuff that people buy.
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Old 04-17-2018, 04:19 PM   #5
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Being a kid, he probably just doesn't realize that there are a myriad of "socially responsible" funds and ETFs so everyone can slice and dice to fit their individual proclivities. Hardly newsworthy.
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Old 04-17-2018, 04:22 PM   #6
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Old 04-17-2018, 04:23 PM   #7
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*****refraining from getting too political*****

This kid is in way over his head. I'll just say he is a useful idiot.

Whether it floats anyone’s boat or not, it’s economic pressure, not political...
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Old 04-17-2018, 04:27 PM   #8
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Sigh.
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Old 04-17-2018, 07:24 PM   #9
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What I want is an index fund consisting of all the companies rejected by the socially concious investing crowd. Think tobacco (isn't Altria like the best stock over the last 40 years?), alcohol, guns, fossil fuels, casinos. That is, the makers of stuff that people buy.


You mean like this?
http://www.morningstar.com/funds/xnas/vicex/quote.html
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Old 04-17-2018, 07:34 PM   #10
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VICEX appears to be a good start, but it leaves out many sins. What about unhealthy foods, irresponsible environmental activities and repressive regimes?
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Old 04-17-2018, 07:35 PM   #11
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*****refraining from getting too political*****

This kid is in way over his head. I'll just say he is a useful idiot.
I agree. These kids are being used as political pawns.
I don't know why VG or any other business would give a hoot what they think.
Stick to your guns (literally) VG!
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Old 04-17-2018, 07:43 PM   #12
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Regardless of the merits of this particular issue, I have always wondered about the efficacy of such a boycott. It seems to me that once a company issues stock in the primary market, it is largely indifferent to trading on the subsequent secondary market (unless it is Enron), as it has received the proceeds of its issuance. If the protesters are successful and Vanguard does not own the boycotted stock, someone else will. The trading effects thus will be felt by the traders in the secondary market, but not by the "bad" company who originally issued the stock. I am uncertain what those who support such a boycott ever hope to accomplish.
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Old 04-17-2018, 08:18 PM   #13
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What about caffeine? I still wonder why caffeine isn’t included in the BATFE luxury sins.
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Old 04-17-2018, 08:19 PM   #14
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Regardless of the merits of this particular issue, I have always wondered about the efficacy of such a boycott. It seems to me that once a company issues stock in the primary market, it is largely indifferent to trading on the subsequent secondary market (unless it is Enron), as it has received the proceeds of its issuance. If the protesters are successful and Vanguard does not own the boycotted stock, someone else will. The trading effects thus will be felt by the traders in the secondary market, but not by the "bad" company who originally issued the stock. I am uncertain what those who support such a boycott ever hope to accomplish.
Not only that, but the ones who support that which the original protesters do not will start their own counter protest. VG can't win no matter which side it takes. Which is why I think companies should stay neutral and not bow to pressure from protesters from either side.
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Old 04-17-2018, 08:19 PM   #15
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While I'm sympathetic to the intent, IMO this is the dark side of a cause.

Like people, causes get 15 minutes of fame and then "the next big event" comes to the forefront and your cause becomes yesterday's news. Then you need to do something to reset that 15 minute clock. Hence today's announcement.

He may mean well, but this looks like he's grasping at straws and in the long term may damage the cause by looking either painfully naive or create the appearance of trying to build a brand for his own gain.
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Old 04-17-2018, 08:38 PM   #16
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I plan to continue my boycott of Vanguard forever.

But that changes nothing as I never had an account anyway -
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Old 04-17-2018, 08:51 PM   #17
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VICEX appears to be a good start, but it leaves out many sins. What about unhealthy foods, irresponsible environmental activities and repressive regimes?

Heck, what is left to invest into?
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Old 04-17-2018, 08:55 PM   #18
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I agree. These kids are being used as political pawns.

I don't know why VG or any other business would give a hoot what they think.

Stick to your guns (literally) VG!

And there are no pawns on the other side, right? No big money? No organized “machine”? Really...

I’m a gun owner, and the NRA and other shrill voices do not speak for me. And, frankly, insulting teenagers, and sounding like a bunch of angry guys with guns, isn’t likely to elicit the “responsible gun owner” thingy...

As for the boycott, if there is one, it’s unlikely to have any effect.
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Old 04-17-2018, 10:27 PM   #19
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I admire these young folks for the most part, but this makes the pawn comment seem valid and makes me wonder if they even understand what VG and BR do, esp VG.
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Old 04-17-2018, 10:57 PM   #20
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Originally Posted by Gumby View Post
Regardless of the merits of this particular issue, I have always wondered about the efficacy of such a boycott. It seems to me that once a company issues stock in the primary market, it is largely indifferent to trading on the subsequent secondary market (unless it is Enron), as it has received the proceeds of its issuance. If the protesters are successful and Vanguard does not own the boycotted stock, someone else will. The trading effects thus will be felt by the traders in the secondary market, but not by the "bad" company who originally issued the stock. I am uncertain what those who support such a boycott ever hope to accomplish.
Right - the company is not getting your money when you buy shares unless it’s a public offering.

However, the top corporate management is usually heavily compensated in stock options and very sensitive to price so pressure on stock prices will have an impact.

But boycotting VG isn’t going to accomplish that I would think. Get them to dump their shares?
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