I was horrified by the contents of one of my Finnish mutual funds when I looked into it after years of disinterest. I’m especially disgusted by UnitedHealth Group Inc - the health insurance company whose mass murderer CEO got shot recently, sparking nationwide cheers.

As a passive investor, you’ll forget your money into the wrong hands when the bank won’t remind you of developments in the political situation.

Ålandsbanken promises:

“socially sustainable”

You may assume your bank is civilised, but you should have a closer look. I’m a customer of S-bank in Finland. In this case, the fund ended up under a different Finnish bank twice due to buyouts, and the management of the fund ended up in a Canadian bank branch in the UK.

My other bank didn’t recommend selling my Russian investment when Putin’s reign had started going overdue after his full term as a president. Luckily I was awake and sold everything.

Investments drift out of balance over time. Within mutual funds, there are limits, but the funds grow at different rates. You should re-balance your diversification once in a while to avoid excessive country risk.

I don’t know if fund managers are bribed to distort the balance within the fund’s limits for the benefit of a third party.

My fund is managed by that guy. I sold everything. Will reinvest in Europe.

  • CatsGoMOW@lemmy.worldEnglish
    31·
    9 hours ago

    Paying someone to manage your investments for you does not mean you’re not an “active” investor. An example of active vs passive investments would be that passive investments usually involve index funds… that is, funds that include virtually “all” stocks and closely resemble the overall makeup and performance of the market as a whole.

    As opposed to “active” investments which, as just one example, could include using someone to manage your investments if they are picking individual stocks based on whatever their criteria are for what they think is a “good” investment.