this post was submitted on 03 Dec 2024
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No Stupid Questions

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[–] scbasteve7@lemm.ee 56 points 2 weeks ago (4 children)

"listen. I don't WANT Hitler to commit mass genocide. But I am going to fund the company of the gas chambers he plans to use. Because I benefit from it".

It's not a one to one comparison but um. Yeah.

[–] SkunkWorkz@lemmy.world 2 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

Buying stock is not funding the company though unless the company is issuing new stock. The company already took the cash during the IPO. The only thing buying shares does is affect the price. So it will make some evil shit stain who is the founder of the company wealthier.

[–] psyklax@lemmy.dbzer0.com 1 points 2 weeks ago (1 children)

I was coming to say that also.

The stock market is nothing more than gambling on the public (rich people) sentiment about how well that company is going to do. It's similar to how there is gambling on who will win the presidency, and does not affect the outcomes.

Buying stock is not investment, the money that the company recieves comes from issuing the stock. Your money does not fund the evil things that the company does, unless you are paying for goods/services from that company. But, I have seen that stock price influences the decisions of leadership inside the company. Your individual action will not influence the stock price.

[–] elucubra@sopuli.xyz 1 points 2 weeks ago

While I admit that I used to think trading was gambling I now know that while there is an element of gambling, there are a lot of measurable factors that make the "gambles" much more informed, even market psychology to some extent.

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