They're not even pretending to be working in our best interests anymore. Wokeness is all that matters to them as they push us closer to financial oblivion.
They Democrats find every possible way to launder you money to themselves. Teachers unions, FTX, ESG, plain old theft. Whatever it takes.
Sent to my adviser to confirm my account is not tied to any ESG accounts.
Wait until the FED COIN "DIGITAL DOLLAR COMES OUT! " They will` be able to stop you from drawing money out for various reasons, will know everything you purchase & will be able to confiscate your funds & blame it on a CCP HACKER! Probably Sounds like Communism! It's just the beginning!
JD you Rock!!
I'd heard this story in passing, as I was working online and have been meaning to get back to it.
The last bullet tells you all you need to know, about why you should be concerned and what the drooling regime is telling you, about your future and their plan for it:
"It also rescinds Trump-era regulations that require retirement plan administrators and asset managers to choose investments based solely on participants’ financial interests."
If these asset managers are relieved of any fiduciary responsibility, to the fund investor...YOU...then it would be like trusting a hospital to hire the best cardiac surgeon...then the regime telling them, "it's important you hire based on ESG, especially equity"...and them doing just that...the patients' wellbeing now comes LAST.
Also, notice the language?
"Allowing...should consider...could be"...all recommendations and advisories...much like the defense the FDA is using...they made recommendations, not mandates/laws.
You're retirement and invested wealth, will now be invested in Woke-istan, no matter how much YOU lose, in the process...and there isn't a damn thing you can do about it, except what JD suggested....move your money, to a self directed vehicle, then do your research.
Of course, as Honestglen said above, when CBDC rolls out, the game board will change again, drastically.
Take control of your own, it’s not very difficult or labor intensive to learn enough to pick your own stocks, funds or ETFs. Yes, also hold at least 10% in gold and silver, mostly silver.
Its a step more complicated. ESG is predicated on sustainability. ￼
To avoid this woke ESG nonsense, invest in unmanaged market wide indices such as QQQ, SPY or DIA. Of course some of the companies in these index are woke but they are not being managed by someone incentivized to invest specifically in ESG instead of shareholder profits.