If you want socialized healthcare, and are disgusted by the huge profits in healthcare, do you try to make sure you don't own stock in healthcare companies?

It would seem to be a conflict of interest, at the least.

It would seem to be counter productive to any reasonable investment goals. We’ve passed a healthcare bill that requires everyone to buy insurance and then try to cripple the providers of same. Ignoring the fact that buying their stock has little effect on their profit, the whole idea seems psychotic. We want everyone to have it but don’t want anyone to provide it (I’m assuming that most people that want socialized medicine supported Obamacare).

I’ll be honest in that my investment strategy ignores any political goal and focuses on ROI. I can’t conceive an investment strategy focused on political goals. Although I know there are some that do so. The so called ‘Sin Stocks’, alcohol, tobacco, and fire arms, can be purchased in a mutual fund as well as mutual funds that avoid them. I just don’t get the point.

@Jaxk I’ll just chime in and say I wasn’t really on board with Obamacare, but I do support socialized medicine.

I’m usually inclined to only buy stock in companies I believe in. That said I also have mutual funds and I’m sure companies I would not by single stocks in slip by my radar in those funds.

@ARE_you_kidding_me I was going to say something very similar.

I do not own stock. 100% sure. Aspiration.

^^Thanks for the link.

@tinyfaery That’s very interesting. Have you been investing with them for long?

I haven’t checked but I am sure my pension fund invests in healthcare and drug companies. I don’t invest in the stock market myself. I don’t think boycotting stock is the best way forward and I would rather see tighter regulation of drug companies and the healthcare market by the government. What you call “socialized healthcare” to me is just healthcare.

@janbb I just started. I have a mutual fund. I’m new to the whole saving money for the future thing.

Yes, except it’s too easy since I don’t own any stock.