Post B0BKEx8VXuuplkzsHo by bigblen@mastodon.nzoss.nz
(DIR) More posts by bigblen@mastodon.nzoss.nz
(DIR) Post #B09S7EOFvHXsHYGvq4 by strypey@mastodon.nzoss.nz
2025-11-11T23:40:24Z
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Thanks to KiwiBank selling off their KiwiSaver scheme to Fisher Funds, I'm not inadvertently investing in a range of disgusting corporate activities, including animal torture, fossil fuel mining, and fucking Meta and Uber; https://mindfulmoney.nz/kiwisaver/FND552/fisher-funds-kiwisaver-plan-conservative-fund/Does anyone know of a KiwiSaver fund that doesn't invest in animal torture, fossil fuels or technofascism?#KiwiSaver #MindfulMoney #FisherFunds #KiwiBank
(DIR) Post #B09SbAAy9jihtoKWo4 by lightweight@mastodon.nzoss.nz
2025-11-11T23:45:20Z
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@strypey I'm aware of at least one that's moving in that direction but isn't available quite yet.
(DIR) Post #B09Sbh8za6kM9Eeuo4 by futuresprog@mastodon.nzoss.nz
2025-11-11T23:45:43Z
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Simplicity have some good options.https://simplicity.kiwi/about-us/ethical-investments@strypey
(DIR) Post #B09TImwdtEWWahQmWW by karel@union.place
2025-11-11T23:53:39Z
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@strypey pathfinder is great! It has an ethics clause by which it adheres to. Animal testing, war, fossil fuels are all excluded from investing. For questionable assets that don’t strictly adhere to the policy, they will often send out a surgery to their customers. After the special rapporteur to Gaza released a statement condemning Microsoft and others I got sent an email about it. We’re still waiting on the outcome for that. https://pathfinder.kiwi/
(DIR) Post #B09UQZSnzqgV3BkYFs by strypey@mastodon.nzoss.nz
2025-11-12T00:06:18Z
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@karel > pathfinder is great! It has an ethics clause by which it adheres toTheir funds invest in BorgSoft, NVidious, grApple, BroadCon, and Digital Realty Trust Inc, which invests in datacentres;https://mindfulmoney.nz/kiwisaver/FND14930/pathfinder-kiwisaver-growth-fund/https://mindfulmoney.nz/kiwisaver/FND56085/pathfinder-kiwisaver-high-growth-fund/Not only do I not want to help fund the activities of tech companies like this, any fund exposed to them will tank when the #MOLE Training bubble bursts. Not a great investment right now.
(DIR) Post #B09WCerbK4oXeUqDx2 by strypey@mastodon.nzoss.nz
2025-11-12T00:26:12Z
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@futuresprog > Simplicity have some good optionsSo I've heard. I've made a couple of attempts to sign up via their website, but so far with no success.
(DIR) Post #B09XIeLoF4SPkmOMj2 by lightweight@mastodon.nzoss.nz
2025-11-12T00:38:28Z
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@strypey @futuresprog that's where my Kiwisaver is these days, but in my experience they consider US BigTech to be 'ethical'. So, yeah, they're not switched on enough to retain my custom if/when anything better comes along.
(DIR) Post #B09YgqXcfZDaSx1G4W by strypey@mastodon.nzoss.nz
2025-11-12T00:54:03Z
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@lightweight> I've currently moved to a 'defensive' fund which is the only one not container a large amount of US BigTechGood to know, thanks.@futuresprog
(DIR) Post #B0B4vqJtAOLloWkYnA by karel@union.place
2025-11-12T18:29:31Z
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@strypey are there any funds that don’t invest in any big tech?
(DIR) Post #B0BAedeLcTwpJwV088 by strypey@mastodon.nzoss.nz
2025-11-12T19:34:10Z
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@karel > are there any funds that don’t invest in any big tech?According to @lightweight Simplicity has a fund that doesn't;https://mastodon.nzoss.nz/@lightweight/115533932663347059
(DIR) Post #B0BAm7ofrLuOuKtne4 by lightweight@mastodon.nzoss.nz
2025-11-12T19:35:29Z
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@strypey @karel to be fair, though, that's a defensive fund. There is at least one fund provider working on a system where you can choose to eliminate any specific investments you want, so it'd allow a 'no-US-BigTech' option via customisation. Not sure when that'll be available, though.
(DIR) Post #B0BGA5AXqwx5PzN7oG by strypey@mastodon.nzoss.nz
2025-11-12T20:35:49Z
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@lightweight> that's a defensive fundGiven that Ed Zitron and others are expecting the #MOLE Training bubble to pop as soon as next year, and extent to which tech companies are exposed, and the huge chunk of sharemarket valuation they currently make up, defensive is probably a wise investment posture right now.@karel
(DIR) Post #B0BKEx8VXuuplkzsHo by bigblen@mastodon.nzoss.nz
2025-11-12T21:21:32Z
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@lightweight @strypey @karel Yep, we need them to recognise "Big Tech" as an 'issue of concern' that people might want to exclude alongside the guns/oil/alcohol/porn etc. Using Mindful Money's criteria an example would be Pathfinder Global Responsibility Fund - zero companies of concern, yet in top 5 investments we find Microsoft, Nvidia,Apple, Broadcom,Alphabet(Note that MM does include e.g. Meta and Uber under Human Rights Violations)
(DIR) Post #B0BKR1t9hcg5z2ZgqO by lightweight@mastodon.nzoss.nz
2025-11-12T21:23:33Z
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@bigblen @strypey @karel If I recall correctly, I actually contacted Mindful Money to ask why they don't offer a 'BigTechFree' option... and they came back saying that they didn't think there was 'demand' for that... I told them that there was. They said they'd reconsider in their next year's review, so I lost interest in them.
(DIR) Post #B0Bd3Rgq1KqMBTHUbg by strypey@mastodon.nzoss.nz
2025-11-13T00:52:21Z
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@lightweight> I recall correctly, I actually contacted Mindful Money to ask why they don't offer a 'BigTechFree' optionWhen was that? I contacted them the other day to suggest the same thing. Pointing out that the imminent bursting of the MOLE Training bubble made tech stocks risky as well as unethical.Like @bigblen says, they do list some tech companies under human rights violations, so there's at least a basic acknowledgment that they're not an ethical investment.@karel
(DIR) Post #B0BeOkjwUJHNInSP1k by lightweight@mastodon.nzoss.nz
2025-11-13T01:07:25Z
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@strypey @bigblen @karel probably 6-12 months ago, not sure exactly...
(DIR) Post #B0KUTQSdqZAqQHtNR2 by strypey@mastodon.nzoss.nz
2025-11-17T07:28:33Z
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(1/2)Well, you were right about Mindful Money @lightweight. They don't even begin to understand the ethical issues raised by tech corporations as a category. Their approach is equivalent to only rating fossil fuel companies on their employment practices, instead of having a climate change category.They are in total denial about the MOLE Training bubble too. They tell me it will be woven though many organisations and impossible to avoid, so therefore a good investment 🙄@bigblen @karel
(DIR) Post #B0KV6rFOBqLinDUojI by strypey@mastodon.nzoss.nz
2025-11-17T07:35:47Z
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(2/2)What they're ignoring is that fossil fuels are also woven though many organisations and impossible to avoid. That doesn't make something a good investment, let alone an ethical one.Also, most people realise that fossil fuels are a bad long term investment, despite their ubiquity. Because our long term survival as a species depends on replacing them with zerocarbon energy systems.The current ubiquity of "AI" is similarly no guarantee of long term value in the #MOLE Training companies.