Speaking of the stock market...an ethical question for the forum...

[Lizabeth]

It has finally sunk in that I own Dominion Energy stock in my IRA. They are doing well...

However this is the same Dominion that’s trying to get the pipeline through VA and I am opposed to that action on several fronts. And they have a case in front of the Supreme Court right now.

Do I keep it or sell it? The BIL, who is my financial advisor says that selling it won’t make much of a statement to the company.

What say you?

[neophyte]

Your BIL is right, but its how you feel morally that should guide your decision.

If it helps, DE is my local electricity provider, so at least my utility payments will go towards a good cause - your retirement :-)

[hal]

If they do stuff that you don't support, sell it. They will never know that you are upset, but who cares? You're doing the right thing.

[Sarcany]

I try to invest ethically.

Did not invest in Dominion or Southern when opportunity knocked. Found alternate utility investments that were less distasteful.

[space-time]

pipelines do not bother me too much. We need to move fuel from one place to another.

Sure, make sure you do not cross important ecosystems, but you can't really go around an entire state just to protect some frogs, at some point you need to cross that river, that mountain range, etc.

What bothers me is when a company is careless and causes leaks, then avoids costly cleanup, when they use fracking techniques that make your water undrinkable, when they burn coal that makes your air unbreathable, and when they jack up the prices that makes living unsustainable.

[NewtonMP2100]

......with all investments it comes down to what you can tolerate.......whether it is risk.......or ethics of an investment.......you may not agree with a company but if you can sleep at night, then keep it........if you are someone who can not sleep if you invest in it, then sell........

[Filliam H. Muffman]

If you own enough to attend the stockholders meeting, go and make a pest of yourself.

[mattkime]

Do what makes you feel good.


buuut....its generally accepted wisdom that owning individual stock, particularly in a retirement fund, is unnecessarily risky.

I think you should sell it for that reason alone.

[Gareth]

Filliam H. Muffman wrote:
If you own enough to attend the stockholders meeting, go and make a pest of yourself.

Yup, that's what PETA does. I only recently learned that they had bought enough stock in SeaWorld years ago for precisely that purpose.

[RAMd®d]

but its how you feel morally that should guide your decision.


This.

QED.