Redirecting investments away from weapons manufacturers

True.

https://www.cbsnews.com/news/kroger-guns-stops-gun-sales-to-those-under-21/

“Kroger (KR), the nation’s biggest grocery chain, will no longer sell guns and ammunition to people under 21 at its Fred Meyer locations, the company said Thursday. The move comes as some of the nation’s largest retailers take steps to restrict gun sales in wake of the country’s most recent mass shooting.”

You can buy guns in ammo in grocery stores!?!?!?

I’m so glad I live in a state with strict gun laws. A few months ago a local police officer came to my house and asked me if I knew a person on the street behind me who applied for a gun permit and if I had any reason to believe this person should not have a gun. I told him I had no idea who this person was - but I’m sure some neighbors do know him and could answer the officers questions.

“You can buy guns in ammo in grocery stores!?!?!?”

'Murica.

False. Licensed dealers, regardless of where they sell, gun shows or not, must do background checks. Private sales do not, but represent a small portion of sales. Many states, 19 I believe, require background checks on private sales.

Stores like Dick’s and Walmart have to to background checks.

The real problem with the background check system is it is incomplete, which is typical government.

Re: grocery store guns. Fred Meyer sells clothes, garden stuff, furniture, jewelry, electronics, etc. It was a PNW chain. I guess Kroger bought them.

“Under federal law, private-party sellers are not required to perform background checks on buyers; whether at a gun show or other venue. They also are not required to record the sale, or ask for identification.”

https://en.wikipedia.org/wiki/Gun_show_loophole

So, let’s make it a federal law for private sales nationwide.

Except for loopholes involving gun shows and private transactions.

There is “no gun show loophole.” There is a loophole for private transactions. It’s two completely different things. So just argue the truth – make private sales subject to background checks. No reason to make it sound worse than it is by adding “gun show” to it.

And I did a double take on the Kroger announcement. Didn’t realize they owned Fred Meyer stores. Never saw guns in a grocery store. So if you’re divesting from gun manufacturers are you divesting from gun sellers as well? What about other sellers of “bad” products – tobaco and alcohol? Pretty much have to stay out of retail, gas, and stuff like that.

https://www.huffingtonpost.com/entry/ll-bean-gun-purchases-21_us_5a9912a2e4b0479c02513486

LL Bean is also restricting the sale of guns and ammo to those 21+. It only sells hunting and target related items at its flagship stores. It doesn’t sell handguns or assault style weapons.

https://www.huffingtonpost.com/entry/rei-guns-vista-outdoor_us_5a98b2a4e4b0479c0250e38b

“REI on Thursday said it was suspending its relationship with Vista Outdoor, which owns popular gear brands like CamelBak as well as a variety of gun and ammunition makers. REI doesn’t sell firearms, but it urged Vista to “work towards common sense solutions that prevent the type of violence that happened in Florida last month.””

The REI announcement is very interesting. They are a very significant outlet for Vista products.

Good news for mom and pop gun stores, but will have no effect on the market overall. The whole situation is very sad.

Some practical advice: (“eliminating gun stocks from your portfolio”)

https://www.nytimes.com/aponline/2018/03/04/us/ap-us-quick-fix-gun-stocks.html

More advice: (“why it’s so hard to invest with a social conscience”)

https://www.nytimes.com/2018/03/02/your-money/why-its-so-hard-to-invest-with-a-social-conscience.html

“There is no substitute, however, for examining the actual holdings of any fund.”

The challenge with that is mutual funds don’t typically give you a realtime list of stock positions.

It’s hard to invest with a social conscience because everybody is different with regards to what is socially acceptable. Guns, tobacco, etc. fine. But where does it end. Evidence is mounting about the harm smart phones do (https://www.seattletimes.com/life/wellness/how-smartphone-addiction-is-affecting-our-physical-and-mental-health/). So is Apple next?

“But where does it end” is the motto of the slippery slope fallacy.

“Where does it end?” What an odd question. It ends wherever the investor wants it to.