Beliefs & profits
What do you do if you don’t want to invest in oil stocks, but the energy sector is one of the best performing this year?
This question came to me as I read the following article: “Soaring profits at oil companies and miners are making earnings look better than the reality of the rest of the stock market, and distorting Wall Street’s favorite valuation tool, the ratio of price to forecast earnings.” (WSJ).
As investors’ are more and more selective about which stocks to invest in because of environmental and social beliefs (myself included), my question is what to do when markets are down and there’s not a lot of winning investments to pick from. What’s an alternative out there if you don’t feel great about putting money into oil/energy stocks?
Furthermore, how is it possible to fully divest from companies we don’t necessarily want to invest in, when they are a part of mainstream ETFs and funds (eg. SPY)?
Money & Crypto
Ethereum completes the merge, and how that could potentially draw the SEC’s attention (WSJ)
“Wednesday will mark 238 days without a tech IPO worth more than $50mn, surpassing the previous records set in the aftermath of the 2008 financial crisis and the early 2000s dotcom crash” (FT). This really surprised me. I guess I hadn’t realized the IPO market was so quiet at the moment.
Some awesome visual representations of Apple, Amazon, Microsoft and Google’s revenue and expenses (Visual Capitalist)
Mortgage rates hit 6%. The last time that happened it was 2008. (WSJ)
Etc.
All the Emmy’s highs and lows
📺 I didn’t know much about this story beforehand, so the Manti Te’o documentary, about the college football star who was catfished, was a wild ride
Roger Federer retires from tennis
In the US, why are we so obsessed with the royal family?
📺 The Great British Bake Off starts a new season and I could not be MORE EXCITED. I love getting inspired to try new recipes that come out as very mediocre. #nailedit
Podcast Pick of the Week
🎧 Sheryl Lee Ralph won an Emmy this past week and on the same day had a great interview air on Fresh Air
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Disclaimer: All opinions are my own. The content on this site and on the podcast does not constitute financial, legal, accounting, tax, or investment advice.
