The Market 2021

Zeno

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I nearly took a short term flyer on Carnival (CCL) yesterday when it fell below $20. It was down big on the day and after a steady fall from it's high of $31.52 in June. My dislike of the floating malls led me to wait another day thinking it could fall a bit further if we had another down day. Ifs and buts....
Yep I saw it at $19.52 (I think) and almost pulled the trigger---but didn't.
 

Yuma

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I thought this was graph was interesting/frightening.

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The revenue part is scary. I would like to see the chart on China like this. China is set to pass us in GDP any year now. I worry about our revenue direction. Would like to see that revenue start rising faster. That would help us tremendously with that deficit. Gonna need a great revenue jump to eat into that debt! No way at this point we can just use austerity to get us out of this. We do need to jump start every industry, bring back manufacturing, etc.
 

Zeno

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Does anyone here really pay attention to environmental, social and governance factors (ESG) when it comes to how they invest? My investments all have an ESG score but I honestly skip over that stuff most of the time and don't make purchases based on that at all.
 

82CardsGrad

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Does anyone here really pay attention to environmental, social and governance factors (ESG) when it comes to how they invest? My investments all have an ESG score but I honestly skip over that stuff most of the time and don't make purchases based on that at all.
Retail schmucks like us don't... but institutional investors more often do...
 

Devilmaycare

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Does anyone here really pay attention to environmental, social and governance factors (ESG) when it comes to how they invest? My investments all have an ESG score but I honestly skip over that stuff most of the time and don't make purchases based on that at all.
Not at all. ESG is something that needs to die a quick death.
 

elindholm

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Does anyone here really pay attention to environmental, social and governance factors (ESG) when it comes to how they invest? My investments all have an ESG score but I honestly skip over that stuff most of the time and don't make purchases based on that at all.

A tiny bit. If I'm choosing between two mutual funds that have vaguely similar investment profiles, I'll probably opt for the one that's stronger on ESG. An example would be PRBLX, which Morningstar describes this way:

"The managers employ a firmwide philosophy and approach. They exclude companies that derive significant revenue from alcohol, tobacco, weapons, fossil fuels, nuclear power, or gambling and then employ ESG, quality, and valuation screens to filter out about 85% of the universe. From there, they look for companies with sustainable competitive advantages, increasingly relevant products or services, exemplary management, and ethical practices."

It's been about in step with index funds over the last few years, so my feeling is, why not push a little more money in the right direction, and maybe it will pay off for all of us down the road.
 

Folster

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Does anyone here really pay attention to environmental, social and governance factors (ESG) when it comes to how they invest? My investments all have an ESG score but I honestly skip over that stuff most of the time and don't make purchases based on that at all.

I think they are a marketing gimmick and use ESG to justify higher fees. Fossil fuels are bad but what about slave and child labor. My understanding is that they score companies on a myriad of different areas and look at the company's total score so they may be in an industry you don't like, but score well in other areas that allow them to be included.

Ultimately the market and governments will sort out the winners and losers.
 
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