this post was submitted on 01 Feb 2024
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chapotraphouse
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Yes, it sucks, but no way around it if you ever want to be able to retire. My employer pays double my pension contributions, so I've got that accumulating, and when I have enough in the pot I'll transfer it to a private pension and invest it myself as ethically as I can.
Unfortunately there is a tonne of greenwashing and lip service paid to ESG requirements, together with the high fees and lower returns means they aren't really worth it. Plus in a fund, yeah you get diversity, but no discretion if you want to participate in boycotts, and on a macro scale it makes fund managers too powerful.
But also no-one take advice from me I am literally still waiting until I have enough to minimise the fees before managing my own pension.
Hot take: trying to make your 401k investments "ethical" is exactly the same as voting for Biden because he's the lesser evil.
OK, I will just sell my house when I retire and then die when I run out of money.
Look at this bourgeois, owning houses. I bet you have your own toothbrush, too