Missouri_Mike
Diamond Member
- Nov 5, 2012
- 23,870
- 15,193
I'm not so sure you or mommajones know how mutual funds work but in the end isn't HL's stance in fact making their investment worth less money if they don't pay for the abortion drugs?
If and when a person who runs a company holds strong beliefs (religious or otherwise), he can instruct the people who run his fund in what to invest in and what NOT to invest in. Since they work for you, it would be incumbent on them to follow your instructions.
So in other words you really, REALLY don't understand how mutual funds work.
I'm guessing, actually I know there are a shit load of you green energy types that have 401k's invested quite heavily in oil companies. Why you may ask? Because they are steady and reliable and help stabilize your portfolio. You may not agree with the fracking but over all you still want the money from the drilling and deep sea rigs so you are willing to let fracking go for your investment while opposing it on the outside and trying to end it. Same thing with HL and the pharma companies. The same pharma companies you are invested in by the way that aren't really primarily focused on abortion drugs but do other things like cancer treatments.
Mutual funds are a wide mix of companies stocks that can stabilize and give the investor the most reliable growth of the investment. Let's face it if you only invested in the Owl Gore global warming, solyndra, Tesla stocks you would pretty much be broke by now and hoping Tesla somehow wins the Indy 500 and sells 1.9 billion cars. A good mutual fund investor would never leave you in that position. But it sure as hell leaves an opening for you to go against what your investment is doing at your own detriment. Like suing in the SC to stop paying for abortion drugs. Not so sure that helps HL's bottom line.