Joshua Kennon, About.com Guide to Investing for Beginners, answers questions gay men have about investing and saving money.
I asked: Should gay men invest in companies that discriminate?
Joshua said: So much of this question is personal. I’m pragmatic in almost everything I do so if I were running a
foundation dedicated to preserving the rainforest, and Exxon-Mobile stock was the most attractive
investment out there, I’d buy the shares then use the dividends and capital gains to fund the preservation
goals of my charity. That’s just how I’m built.
A little more than a decade ago, there was a relatively large, publicly traded restaurant that was embroiled
in a controversy after management reportedly fired everyone who was suspected of being homosexual,
down to waiters at the local level. The stock was decimated and looked like a tremendous bargain. I’m
not sure how someone would feel investing in it. Me? I’d enjoy the poetic justice of making a huge profit
and then donating it to a gay political activist group, but then again, that sort of irony amuses me. If you
had sufficient funds, you could just buy enough shares to fire the idiots that put that policy in place. (A
group of institutional investors effectively fired the Board of Directors so they were punished for the
More Investing Questions:
Are bad economic times a good time to invest?
Where should beginning investors start?
What about gay couples looking to invest together?
What's the one thing beginning investors should know before they start investing?
What should gays look out for when investing?
How can a person calculate their personal level of risk when it comes to investing?