Logbook entry #6 - Too big to fail

As almost anybody with some tech. knowledge these days, I have considered to enter the investment arena. I conducted a brief research and tapped into my friends for advice. It quickly became apparent that the most value for time idea is to invest in the S&P500.

So what is the S&P500? As far as I understood, it is the collection of the 500 best performing US stocks. This includes the infamous big tech squad of FAANG (Facebook, Amazon, Apple, Netflix and Google), a grouping of companies that are known for abusing their power to establish and maintain monopolies.

Is there a potential conflict of interest here? I think so. Assuming Kantian ethics, and that we all act in the same way investing in S&P500 we will be effectively be strengthening big tech. They will have even more power, even less incentive to actually provide good products and even more power to lobby.

More importantly, we would as involved investors want our governments to help those companies with tax cuts and similar means. Our political opinions and actions would change to reflect our investments. Just a though, perhaps taking things too far. And yes, I realize the irony of posting this through a google platform 😋

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