I just noticed this list. Scroll within the list to see the complete list of funds.
https://www.cnbc.com/2018/02/23/if-you-own-these-funds-you-are-an-investor-in-the-major-gunmakers.html
I don’t know why people only talk about guns. Why not bullets? To me, controlling bullets may be more effective than guns. There are so many guns already out there. Guns without bullets can’t do much harm. Do bullets made by gun manufacturers?
Ready to boycott Amazon?
There are socially responsible investing funds. (you can google that) You;d have to read to see what each fund considers for socially responsible investing. Different funds may have different guidelines.
Its not just amazon - its google, apple, you tube - ling variety of businesses.
https://www.huffingtonpost.com/entry/companies-sticking-by-the-nra_us_5a903e4be4b01e9e56bb57af
A lot of these businesses may be looking at their policies
Dallas has stepped back from hosting the nra convention, but plenty of other cities have stepped forward.
I knew that people here would have good ideas. Thanks!
BlackRock has started the process of removing gun companies from the portfolios of clients who don’t wish to invest in them. I would think that Vanguard would do the same, or at least move your money from one fund to another one that is gun-free. Let them know that that is what you want.
How did they eliminate gun stocks from an index fund? Someone was on the news saying banks can do a lot more. They can refuse credit card transactions involving guns as they do with crypto currency. ApplePay refuses gun purchases.
@Iglooo -
I am curious, though. If credit card companies refuse to process gun purchases, won’t we lose a very effective way to track who has bought them? We are then left with the sellers having to keep records of cash purchases or monitor all banks for their check transactions. Not being able to use a credit card to buy a gun or ammo is not likely to deter someone who is really determined to get one but having the ability to use a credit card might allow the buyer to use one. I wonder if anyone has done a study on how mass shooters obtain and pay for their guns. I know, for instance, that the Newtown shooter’s mother gifted him with the murder weapon and that the Florida shooter purchased his legally, but how were they paid for?
I do think it’s great that car rental companies, hotel chains, airlines etc. are cutting ties with the NRA.
Getting back to the original point of the thread, my retirement money is with Fidelity. I have tried to be proactive in terms of no tobacco but I am now going to add no guns to my requirements. I pay a quarterly fee for management so I think I should have the ability to direct where my money is invested.
“I wonder if anyone has done a study on how mass shooters obtain and pay for their guns.”
Unfortunately gun studies haven’t really existed for the past 20 years - something that needs to change!
This is what happens with a powerful gun lobby:
https://www.theatlantic.com/health/archive/2018/02/gun-violence-public-health/553430/
@techmom99 You can check Fidelity’s funds using the link in post #4. Or just give them a call. I bet they’re getting the question a lot and should be prepared to answer it.
Here’s how the stock of major gun manufacturers has been doing since 2/14/18:
RGR down 8%
AOBC down over 13%
VSTO down 9.5%
S&P 500 up 2.1%
NASDAQ up 3%
Good incentive to jump on board with the divesting.
Making investment decisions based on less than 2 weeks of returns?
Not an investment decision, more of a moral decision which is what this thread is about, what certain people value. Just showing the movement in the stocks and the impact. It’s not what the decision is based on obviously.
Yeah, sounds like a buying opportunity. As they start debating bans and what not, people will flock to get the forbidden fruit.
I would expect that gun equities would decline in the short term after a mass shooting because there is always talk of regulation/limitation which presumably would be negative for the long term interests of gun equities. Historically nothing happens with those talks and I would expect gun equities would return to normal paths. The flip side of that is short term gun sales typically increase substantially because of those same concerns with regulation/limitations.
Warren Buffett recently made a statement about guns and investing relative to Berkshire Hathaway.
You can read up. In the past, after mass shootings and the election wins by Dems, the gun stocks did see a bolster as people stocked up. Things are different this time so far. But, hey, if that’s the way you choose to roll, your values and you like them as an investment, go buy some. It’s a free market. Maybe you’ll make some money. Maybe not.
Berkshire Hathaway also doesn’t own gun stocks. All Buffett stated from the comments I read was that he would impose views on his managers. His comment is more on doing business with NRA members not a comment on owning stocks of gun manufacturers.
I heard a story on NPR this morning that explained why the gun stocks are taking a hit. The gun companies ramped up production in 2016 because they thought they would get a bump when Hillary won the election in the same way they got a bump when they ramped up the “Obama will take your guns” rhetoric after Sandy Hook. When the current president was elected, no one felt they needed to rush out to purchase new firearms and the increased supply sat somewhat stagnant on the shelves.
I think that some of the gun manufacturers have been challenged for several years. A local plant moved their operations to one of their other plants a few years ago and some of my best students in the pipeline right now are displaced non-traditional students who are enrolled for retraining.
You know nothing about my investments/investment decisions. As such your judgmental response is without basis. Interesting to me that you offered it (telling as well).
“This time things are different” often turns into “business as usual.” Not clear will happen in this case at this point. My point is that 8 or 9 trading days are insufficient to make that determination.
Where did I make any judgment on you or offer up any advice to you specifically? You’re not the only poster who commented on my post above by the way. I posted some data on gun stocks performance. Did you notice the title of the thread. @saillakeerie? Did you also notice I said this:
“It’s not what the decision is based on obviously.”
" Things are different this time so far. But, hey, if that’s the way you choose to roll, your values and you like them as an investment, go buy some. It’s a free market. Maybe you’ll make some money. Maybe not."
Did you notice the “so far”? Did you also notice I said it is based on divestment for personal reasons not performance driven?
As far as “business as usual” I even stated “Maybe you’ll make some money.”
Sounds to me like you are looking to be offended as I’m just stating numbers and the purpose of the thread and posting an article that expressed that things are different this time from past patterns. Nothing was directed to you personally nor did I ever claim to know your investments.
Mods remind us its not a debate club so I will refrain from responding. But I have to say this:
made me LOL. Literally.