At 02:08 PM 2/22/2001 -0500, Michael Lorrey wrote:
>I don't know of any such funds, but I wouldn't mind starting one:
The object of a mutual fund is making money, not the unqualified investment
in companies that make things you like. Buying publicly traded stock on
the market doesn't benefit the company (ignoring minor secondary effects),
so you aren't doing them any favors.
A better strategy is to invest in good companies that don't do anything you
don't like (say, donating money to HCI, for example). About half the
companies on your list are marginal or speculative investments that would
probably do relatively poorly as a group. For example, gun companies are
generally a poor investment -- I wouldn't qualify their outlook as
particularly high growth.
I think the point of this exercise is to use our collective foresight to
predict what companies are likely to be the leaders in technology fields
that will become huge (and profitable) in the future, gaining growth via
our presumed ability to accurately identify important ground floor
technology ventures so that we can profit from explosive growth. Balance
that with a few smart blue chips like IBM and Merck, and you have a good
basis for a mutual fund.
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