Got a 401(k)? Better know what "ESG" is!

[WhatExit?]

Team Biden’s 401(k) heist could raid your retirement for a woke agenda​

President Biden is threatening the returns of 401(k) savings accounts, risking millions of workers’ comfortable retirements.

If you put money into a 401(k), beware. Until now, the law always required fund managers entrusted with your savings to invest the money where it’s expected to get the top profit for you. Period. But late last month, Biden’s Labor Department announced a rule change that goes into effect at the end of January. It will allow fund managers to invest your money in the stocks of companies that favor left-wing policies, even if they earn a lower return.

It’s legalized theft. The future earnings on your retirement nest egg are being sacrificed to advance a woke agenda.

What is ESG? E stands for environment, S for social justice and G for governance, meaning who gets hired or put on the company board. ESG funds generally invest in companies that oppose fossil fuels, support unionization and stress gender and racial diversity over merit.

Team Biden’s 401(k) heist could raid your retirement for a woke agenda

The future earnings on your retirement nest egg are being sacrificed to advance a woke agenda.

nypost.com

 

[cofooter]

Be an active participant in your investment choices - problem solved.

 

[WhatExit?]

Be an active participant in your investment choices - problem solved.

Being aware of what's going on - problem understood

 

[foxfam312]

Environmental social governance, is a way bad thing,, about three weeks ago, my wife and I went searching for a bank to throw a pretty big chunk of change in for a short time, went to 2 here in the Temecula area, and the branch managers had no idea what ESG was and if their banks were involved with it, well of course they were so we told no thanks, luckily we found our river house so threw money into a river house, mark my words the banks are about to fail, Land gold or silver is where its at right now, That's just my two cents, prepare yourselves, it's going to be ugly.

 

[TCHB]

Be an active participant in your investment choices - problem solved.

Yep. No excuse not to be involved.

 

[WhatExit?]

Environmental social governance, is a way bad thing,, about three weeks ago, my wife and I went searching for a bank to throw a pretty big chunk of change in for a short time, went to 2 here in the Temecula area, and the branch managers had no idea what ESG was and if their banks were involved with it, well of course they were so we told no thanks, luckily we found our river house so threw money into a river house, mark my words the banks are about to fail, Land gold or silver is where its at right now, That's just my two cents, prepare yourselves, it's going to be ugly.

The potential for our government (and globalists like the WEF) going to digital currency - cashless - should be something everyone's aware of and paying attention to. The big banks are on board - they have to be - and everyone else will fall in line

 

[TimeBandit]

I've never had a 401K that did not allow me to make investment choices.

So just don't pick one that invests in ESG, problem solved.

Lately mine is sitting at 90% cash, 10% S&P 500, cash is winning.

 

[Go-Fly]

I've never had a 401K that did not allow me to make investment choices.

So just don't pick one that invests in ESG, problem solved.

Lately mine is sitting at 90% cash, 10% S&P 500, cash is winning.

I parked my money when Trump took office. I left it where it was when Biden took office. I'm at a point in my life where I don't go down a path that is not clearly marked. I have my investment principal and a few dollars more. I'm OK with that.

 

[BingerFang]

ESG = Woke capitalism

 

[Mandelon]

 

[Orange Juice]

Being aware of what's going on - problem understood

I’m driven by returns. I could give a shit who’s running the company, as long as I get paid.

 

[Enen]

The potential for our government (and globalists like the WEF) going to digital currency - cashless - should be something everyone's aware of and paying attention to. The big banks are on board - they have to be - and everyone else will fall in line

Have you read Executive Order 14067? If not, here's a link.

Executive Order 14067—Ensuring Responsible Development of Digital Assets | The American Presidency Project

www.presidency.ucsb.edu

FACT SHEET: White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets | The White House

Following the President’s Executive Order, New Reports Outline Recommendations to Protect Consumers, Investors, Businesses, Financial Stability, National

www.whitehouse.gov

This EO was drafted from a white paper that The Federal Reserve Bank of Boston and MIT released in January 2022. I attached the white paper as well.

The white-paper uses all kinds of fancy language but the crux of their thesis is they want the Federal Reserve to issue a digital wallet directly to every citizen. Let that sink in.

These links are directly from government. Not third-party websites that may have a slant to any political persuasion.

 

[hawgty55]

Quit my corporate job and cashed out!

 

[Orange Juice]

I parked my money when Trump took office. I left it where it was when Biden took office. I'm at a point in my life where I don't go down a path that is not clearly marked. I have my investment principal and a few dollars more. I'm OK with that.

I paid off everything when Trump took office (55yo 2016).

I’m ready for the next 25-30 years, as long as I keep my health.

 

[Havasu blue label]

Be an active participant in your investment choices - problem solved.

Correct

 

[Havasu blue label]

Have you read Executive Order 14067? If not, here's a link.

Executive Order 14067—Ensuring Responsible Development of Digital Assets | The American Presidency Project

www.presidency.ucsb.edu

FACT SHEET: White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets | The White House

Following the President’s Executive Order, New Reports Outline Recommendations to Protect Consumers, Investors, Businesses, Financial Stability, National

www.whitehouse.gov

This EO was drafted from a white paper that The Federal Reserve Bank of Boston and MIT released in January 2022. I attached the white paper as well.

The white-paper uses all kinds of fancy language but the crux of their thesis is they want the Federal Reserve to issue a digital wallet directly to every citizen. Let that sink in.

These links are directly from government. Not third-party websites that may have a slant to any political persuasion.

Want not happening

 

[Havasu blue label]

I paid off everything when Trump took office (55yo 2016).

I’m ready for the next 25-30 years, as long as I keep my health.

You should of he handed out a shitload of checks

 

[eand28]

World's gonna be an ugly place if these psychopaths get their way

 

[LargeOrangeFont]

ESG = Woke capitalism

No such thing…

 

[eand28]

Breakdown: The IEA "Net Zero by 2050" Report

The IEA's "roadmap" for reaching net-zero emissions

www.randoland.us

 

[eand28]

The whole carbon thing is a scam too

 

[Shlbyntro]

Acorns keeps asking me to add ESG and Crypto to my investment portfolio. I keep telling them no. maybe they finally got the hint? they havent asked me in 2 months

 

[Go-Fly]

The whole carbon thing is a scam too

I knew water was bad for you and beer was good.

 

[CarolynandBob]

As other have said I choose which funds to invest in. I had been sitting in cash most of this year. Dipped my toe back in about 30 days ago. Was looking at the gains I made and it just wasn't worth the risk. Got back out last Thursday and going to stay there for awhile.

 

[just_floatin]

World's gonna be an ugly place if these pedofiles get their way

Fixed it for you.