We're not out of the woods yet, but the rising tide of boycotts is a beautiful thing to see. May it come for BlackRock's trillions ... which looks like a lot, and is, but importantly is "under management", not their actual holdings. BlackRock is a paper tiger roaring atop a house of cards.
Hope so, Gato. Worrisome to see the rapid loss of retail diversity, the mergers of chains, others on the brink of bankruptcy. Still seeing talk of Kroger and Safeway/Albertsons merging and the owner of the latter, Cerberus Capital, also floating the acquisition of Sprouts. Cerberus mentioned this weekend in WSJ as one of the entities ramping up foreclosure threats from recent resurrections of "zombie" second mortgages. Appropriate Cerberus being the 3-headed dog guarding the gates of hell. What a name!
We did the same. While it may not seem like much to them, if enough of us do it, it makes an impact, as weтАЩve seen with Anheuser-Busch. I liken us to ants. One ant alone is weak, but look what an entire hill of ants working together can accomplish.
All Merrill Lynch did was confirm exactly who they are! That attitude is precisely what should drive customers away from using their services ever again! The nerve of those people.
I've had an exceedingly difficult time separating my work-based 401k from ESG funds like BlackRock. The best I've been able to do is to dump BR completely but still be stuck using the non-ESG versions of other funds (e.g., Vanguard). The list of fund offerings that I can choose from is fairly short.
Not a viable option for me, unfortunately. It's a Roth 401k that the company matches. If I were to cash out at my age, there would be a tax hit. I do only contribute the percent they match and invest the rest in land, which has seen a far higher increase in value for me.
We're not out of the woods yet, but the rising tide of boycotts is a beautiful thing to see. May it come for BlackRock's trillions ... which looks like a lot, and is, but importantly is "under management", not their actual holdings. BlackRock is a paper tiger roaring atop a house of cards.
consumer sovereignty will reassert itself.
this idiocy has gone too far into the mainstream and people do not want it.
Hope so, Gato. Worrisome to see the rapid loss of retail diversity, the mergers of chains, others on the brink of bankruptcy. Still seeing talk of Kroger and Safeway/Albertsons merging and the owner of the latter, Cerberus Capital, also floating the acquisition of Sprouts. Cerberus mentioned this weekend in WSJ as one of the entities ramping up foreclosure threats from recent resurrections of "zombie" second mortgages. Appropriate Cerberus being the 3-headed dog guarding the gates of hell. What a name!
Plus, sky high inflation in every sector.
Consumer death by a thousand cuts?
You made me feel a glimmer of hope. I sold all my Black Rock stock (not much but) and received a wagging finger from Merrill Lynch as I did it.
We did the same. While it may not seem like much to them, if enough of us do it, it makes an impact, as weтАЩve seen with Anheuser-Busch. I liken us to ants. One ant alone is weak, but look what an entire hill of ants working together can accomplish.
"One ant alone is weak, but look what an entire hill of ants working together can accomplish."
Next up: That Rubber Tree!
https://www.youtube.com/watch?v=cJVewWbeBiY
Classic, both the comment and the song!
you are so right. thank you. I did feel like an ant doing it, and the "You are not politically correct notice" bummed me out.
All Merrill Lynch did was confirm exactly who they are! That attitude is precisely what should drive customers away from using their services ever again! The nerve of those people.
Excellent.
I wonder how well all those pension funds are doing with ESG investments...
I've had an exceedingly difficult time separating my work-based 401k from ESG funds like BlackRock. The best I've been able to do is to dump BR completely but still be stuck using the non-ESG versions of other funds (e.g., Vanguard). The list of fund offerings that I can choose from is fairly short.
That's alarming.
I bought oil and Tesla
Not a viable option for me, unfortunately. It's a Roth 401k that the company matches. If I were to cash out at my age, there would be a tax hit. I do only contribute the percent they match and invest the rest in land, which has seen a far higher increase in value for me.