Chicago goes even more WOKE

[The_Krakenite]

Now, to protect the FREE Markets and everything else in humanity, Chicago bans people from even being allowed to invest in any fossil fuels?

 

[clacy]

Progressivism devours everything it touches.

 

[nooby_mcnoob]

I think it's a way to promote energy independence, but given it's Chicago, I'm going to bet corruption is the real reason.

 

[mikeriley]

I usually ignore the media, but this is just crazy.
One of the dumbest investment moves on the planet.

Just another clueless woman who has no idea how
the energy markets work.

If this woman truly believed her talking points, she'd
turn off her home electricity and gas.

 

[murray t turtle]

I usually ignore the media, but this is just crazy.
One of the dumbest investment moves on the planet.

Just another clueless woman who has no idea how
the energy markets work.

If this woman truly believed her talking points, she'd
turn off her home electricity and gas.

%%
WOW\ what a pattern\ crime wave\crowded wave\ city taxes to HI...............................
But one of the good things about chicago\ the Merc or CBOT threatened to moVe out if they raised taxes\ chicago backed down.
[WHEN i passed thru the chicago airport i liked it\ so every little bit helps.]

 

[SunTrader]

Gee and I thought it was about the CME or something and trading related (on a trading forum, what a thought) but no just some idiot nonsense that of course involves Joe Kernen - who used to be a such happy go lucky guy and now is just an old sour puss-sy.

 

[ET180]

Your virtue can cost you. How much would boycotting Philip Morris’s stock have lost you over the past half century? As Jeremy J. Siegel has pointed out in his book The Future for Investors, the S&P 500 returned 10.85 percent a year from 1957 through 2003. Philip Morris, now Altria, returned 19.75 percent. Thanks to the miracle of compounding, if you had invested $1,000 in the S&P 500 in 1957, you would have ended up with $124,000 in 2003. If you had invested in every stock in the S&P 500 but Philip Morris, you would have ended up with about 5 percent less. (If you had invested the $1,000 in just Philip Morris, you would have ended up with $4.6 million—but you didn’t want to know that.)

https://www.theatlantic.com/magazine/archive/2007/10/the-conscientious-investor/306192/

 

[SunTrader]

Did Jeremy Siegel invest in Altria, excluding all other S&P stocks, in 1957?

Hindsight is 2020 and, in this case, 4.6 mil .......... monopoly money.

ETF ESG (blue) vs S&P 500 (yellow) and (well forget the other lagging BigMac eating ETF (red)):-

 

[ET180]

Comparing almost 5 decades of outperformance to less than a year...

XOP (anti-ESG) blows away ESG over your cherrypicked timeframe above. Never heard of the MAGA ETF. Although looks like it is positive YTD.

 

[nitrene]

If this woman truly believed her talking points, she'd
turn off her home electricity and gas.

Just like Al Gore and his Hollywood buddies who believe you should not use energy but they themselves should have 20 Jets and live in Mansions that use more energy than whole villages in Africa or India.