Trump Plan Would Restrict Retirement Plans from Sustainable Investments: Viewpoint By LIZ WESTON | September 29, 2020 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 19 Comments September 29, 2020 at 1:26 pm Turtle says: Well-loved. Like or Dislike: 22 1Its my money. I’ll decide how to invest it. None of the government’s business as long as I choose legal investments. September 29, 2020 at 1:56 pm Rosenblatt says: Well-loved. Like or Dislike: 19 1Seriously – if I want to invest my money in renewables, I should be able to do it. It’s my money!! Small gov’t should stay out of personal affairs like this. September 29, 2020 at 4:29 pm Craig Winston Cornell says: Like or Dislike: 5 13Exactly. But when you pool your money in a retirement fund, it is mostly other people’s money. In fact, almost the entire pool is not your money. Get it yet? September 29, 2020 at 4:45 pm Rosenblatt says: Like or Dislike: 10 2My money gets put into my retirement fund, so it should be my decision on how it’s invested. I do not understand your comment or your argument against that. Can you please try explaining it another way? September 29, 2020 at 5:51 pm Craig Winston Cornell says: Like or Dislike: 3 9Of course you wouldn’t understand. It is what you do. All you Obamacare fans who don’t think people are sophisticated enough to choose their OWN health plan suddenly become Ayn Rand when it comes to much more complicated decisions on investing. People who understand 401K choices know that people generally just spread their money to however many plan choices available, without even looking at investment types and options. It is too complicated for most people to make decisions. A famous study at Berkeley found this to be widely true, even for those smarty pants with 401Ks working at Berkeley. And there are LOTS of studies that show “Sustainable Investing” to have FAR worse returns than investing that focuses on returns to the employees at retirement. In fact, the members of CALPERS, the huge public employee retirement fund, SUED the managers for poor returns due to . . . “sustainable investing”. But you go on in your ignorance. And let the little guy get hammered at retirement by your Good Feelings. September 29, 2020 at 6:03 pm Rosenblatt says: Like or Dislike: 8 3So I can’t choose how to invest my retirement contributions because some people are too dumb to read about what they’re actually investing in? How many people don’t read their insurance policy? Yet I can still buy the coverage I want because the options I want exist. My money, my investment, my choice. September 29, 2020 at 6:09 pm Craig Winston Cornell says: Like or Dislike: 3 9You are too ignorant to deal with. Everyone knows that the VAST majority of people have NO idea how to invest. Roughly 70% of Americans never went to college, Mr. Compassion, let alone took a course anywhere in investing. And when you say “my money, my choice” you intentionally (ignorantly?) ignore the fact that people at work have limited 401 K choices and don’t understand them anyway. I swear, you must never ever learn anything new in life. September 29, 2020 at 7:10 pm Rosenblatt says: Like or Dislike: 7 3i bet you more than 70% of people don’t read their insurance policy. You’re proving my point September 29, 2020 at 7:28 pm Craig Winston Cornell says: Like or Dislike: 3 8Wait, what? You are using the ignorance of people to argue for letting them get screwed in retirement? Man, are you toking Jon’s stuff? September 30, 2020 at 8:42 am Rosenblatt says: Like or Dislike: 5 2False Dilemma Fallacy Hasty Generalization Fallacy Personal Incredulity Fallacy Tu quoque Fallacy I don’t care how many argument fallacies you post, you’re clearly missing my point. My money, my investment decision. Do you think people should have the options to be able to invest their money how they want, or are you arguing the gov’t needs to tell people the “right” things to invest in and limit investing options? September 29, 2020 at 1:41 pm Agency says: Poorly-rated. Like or Dislike: 8 23Hidden due to low comment rating. Click here to see.Trump2020 – the only President who is not purchased by China! September 29, 2020 at 2:29 pm steven says: Well-loved. Like or Dislike: 15 5I dunno, the guy’s a half a billion dollars in debt…pretty sure he probably owes some of it to a few Chinese companies. Wonder if the orange jumpsuit he’ll be wearing one day for tax fraud will be Made in China? (but his supporters still don’t care ;-D) September 29, 2020 at 4:24 pm Craig Winston Cornell says: Like or Dislike: 2 11You might want to investigate the concept of “net worth”. It will help you understand that the size of anyone’s debt is relative to their assets. FYI. September 29, 2020 at 5:53 pm Craig Winston Cornell says: Like or Dislike: 1 2Look it up, Nitpicker. Forbes gave a very conservative estimate you can find, I mean if you are doing something other than lying about whether I read the article or not this time. September 29, 2020 at 2:53 pm Turtle says: Well-loved. Like or Dislike: 15 5Maybe not, he’s owned by Russia, a mortal enemy sworn to bury us. September 29, 2020 at 4:27 pm Craig Winston Cornell says: Like or Dislike: 3 12News for the Hard of Thinking: Just today, classified documents were released showing that the Russia Hoax was Hilllary’s idea from the beginning, launched in July of 2016, according to former CIA head Brennan. She wanted to distract from the self-created e-mail scandal by having the public think Trump was in collusion with Russia. And Brennan told Obama about it then too. And Obama allowed the scam to continue. And the FBI went along with it KNOWING it was a fraud. Makes Watergate look like kindergarten. September 29, 2020 at 3:06 pm UW says: Like or Dislike: 6 3Not sure what in this article had anything to do with Biden or China at all. It’s about a rule that seems to restrict investor freedoms to choose what is important to them and how to invest their money. In fact, if I wanted a fund that doesn’t invest much in Chinese companies with any connections to the Chinese government because of concerns about press freedoms, treatment of the Uighurs, etc. this policy would restrict me from doing so because that would be a “social or governance” consideration – on the other hand, if I’m big into investing in renewable energy (with China making investments here) under this rule I can’t invest in a fund that focuses on that. This also creates a layer of hassle and red tape – if I like a fund that invests in sustainable energy, or avoids China, because I think those things are the smarter long term plays, the fund has to assert that they are only doing so for profit, which seems weird and complex. September 29, 2020 at 1:49 pm Pog Mo Thoin says: Like or Dislike: 11 7My Goal, to have the planet there when I do retire. Is Secretary Scalia’s goal to make sure the planet is not inhabitable? September 29, 2020 at 7:02 pm Craig Winston Cornell says: Like or Dislike: 3 8His goal is to make sure you have enough money to retire. Sustainable Investing has a terrible track record on returns (and don’t accomplish much “good” either). Comment have been closed for this article.