What did the United States gain from its 20-year involvement in Afghanistan? What did Afghanistan gain? What did Monday Morning members gain, if anything?
In an article published in January 1, 2022, the Wall Street Journal stated that since the September 11, 2001 attacks, the Pentagon spent $14 trillion on contractors providing weapons and personnel. Not counting the United States, that is more than the annual GDP any four of the G7 nations. (Canada, France Germany, Italy, Japan, United Kingdom, United States)
Over the last 20 years, trillions of dollars went to contractors – companies that are a part of the S&P 500. The Monday Morning Program promotes investing in an exchange-traded fund which tracks the S&P 500.
Does the program support unethical investing?
Investing in narcotic operations is highly profitable and illegal. Investing in cigarette companies is highly profitable and legal. The annualized average return of cigarette company Altira Group (NYSE:MO), the best-performing stock on the market for nearly 50 years (from 1968 to 2017), was 20%!
Food (really, the abuse of food) is a leading cause of death in the developed world. The S&P 500 lists many food, beverage and restaurant companies. Should ethical investors avoid investing in the S&P 500?
Investing in the S&P 500 equals investing in the way the world works. Investing in the S&P 500 and its earlier equivalent has been the best way for growing savings over the last 200 years. It is likely to remain so.
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