Point Bridge Capital, a company that invests in Republican values and bears the stock-ticker name of "MAGA," has been outperforming Environmental, Social, and Governance (ESG) funds endorsed by the Biden administration — by a healthy margin. According to Bloomberg News, "MAGA" has produced gains at a rate of 15% higher than ESG funds, and 13% more than the ESG funds invested in the S&P 500 this year — the same ESG funds the Biden White House would prefer to headline Americans' 401(k) investments. "The [ESG] is not based on investment principles," Hal Lambert, the "MAGA" fund founder, told the Daily Mail. "[Democrats are] pushing it to change the culture of corporate America that will ultimately hurt investors." Also, Lambert blasted ESGs as a "United Nations-backed movement" to embed socialist values into America's corporations, according to the Daily Mail. The "MAGA" fund holds approximately $1.45 billion in assets; Lambert attributes much of that success to avoiding the "woke nonsense" and focusing on ideas with long-term growth potential.… Read more news: https://www.newsmax.com/politics/maga-conservatives-gop/2022/12/02/id/1098966/ This should not be a surprise to anyone. ESG is opposed to all that capitalism stands for. ESG funds disregard their fiduciary responsibility to their shareholders and looks to gain political results that actually harm the individual investors economic well being.
I can say that the NewsMax report here is correct. I have seen what they say first hand as a MAGA ETF investor. I also sold my Black Rock I-Shares and replaced them with identical Strive indexes over ESG. I want my shared voted to promote my fund’s fiduciary obligations to me as an investor, not some political bs that makes my retirement less secure.
so nothing to do with MAGA, just an investment firm doing investments and hoping to attract Trumpers, lol
LOL! 0.72% expense ratio. In contrast, VTSAX Vanguard total stock market index fund is at 0.15%. So, you reduce your gain by almost 0.6% for the "privilege" to invest in so-called America first funds? A sucker is born every minute. Here is the performance relative to VTSAX: https://www.google.com/finance/quot...Q3ecFegQIFhAg&comparison=MUTF:VTSAX&window=5Y My advise: Don't mix investing and politics.
I bet there are a couple dozen Senators, congressmen and their friends that would heartily belly laugh at that statement Ol Paul Pelosi and his prune of a wife would hyperventilate laughing so hard..
Index funds are always going to be cheaper than an actively mgd fund Vanguard does do a good job keeping its costs down however To your point, it is about beating the benchmark (net of expenses). YTD it is, over 5 years it is not. Recency bias can be a portent for the future or something that will balance over time
It is what it is intended to be and came into being while Trump was either running for or became President. It’s a great portfolio investment model and where conservatives can put our money where our advocacy is. The point of the article is that this ETF is way out performing the Biden/ESG models. The Strive funds can’t outperform or underperform the Black Rock indexes because they are identical. They simply give us leverage to support the companies invested in vs Finkwad and black rock at shareholder meetings which is the point here.
It’s a managed ETF, not an index. Apples and Oranges. There are other pure index funds out there besides Vanguard and Black Rock. Strive is the newest pro investor pro fiduciary responsibility index vehicle.
Thank you for making that point clear. I appreciate it. I have owned MAGA for several years and have done well with said investment. I also have small social investment positions in WWJD and BIBL funds. As to pure index funds, that’s where Strive is so good as it’s indexes mimic the others and I’m willing to pay an extra basis point or two in order to do battle with Vanguard and Black Rock at corporate and shareholder meetings to protect the companies from ESG.
I bet your god is pleased with his name being used for such a thing There are some Bible verses with some pretty significant penalties last I checked. Enjoy!
Perhaps you should look up the funds and their objectives and prospectus and motives before passing judgement upon others. These are social funds with restrictions on what’s being invested in due to a set of beliefs. Is it that surprising that conservatives and Christians have gotten into social fund investing?
LOL. So this fund has indeed performed well THIS year. And this year alone. It has underperformed the S and P pretty much since it's inception. And undeniably it is having a very good year. also laughing out loud that the OP decries people investing through a political lens who then goes on to pimp for a fund whose only only criteria is:what companies have donated to republican politicians. Well it's been a good year for oil companies and a bad one for tech. This pretty much explains the alpha and omega of the succes of this fund this year, and this year alone. Such dishonest cherrypicking is really shameful
Absolutely not surprising that christians have done everything the Bible has told them not to do and strut around like they are too ignorant to understand why. It’s ok, we know you people don’t actually care to follow the word and only wish to use it as a weapon against people you don’t like. Like I said, Enjoy
So what has the bible taught us to do, any examples? Or just inflammatory and derogatory words about people of faith?
It's not surprising because ESG funds have been underperforming in general and are expected to continue to underperform in 2023. ESG Can’t Square With Fiduciary Duty https://strive.com/strive-asset-management-esg-cant-square-with-fiduciary-duty/
Well said and right on. There is no compatibility between ESG and fiduciary responsibility to investors.
Jesus told us to live our lives in expectation of His 2nd coming. He also told us to be good stewards of what we have through out our lives. So, while we want and expect him to come soon, we are to live our lives being both generous to others and being prepared to live out our entire lives here and await the resurrection at the 2nd coming.
Oh so you feel you are a good steward? You support anti-pollution policy to protect the lords earth? I bet you are also a huge proponent of environmentally conscious energy and building practices? And as per his commandments you likely put fiscal policy after caring for the poor and sick. Oh, you don’t really care about any of that and instead spend your days fixated on a man that is the antithesis of much of what has been spoken of as good? The fact that you people look forward to the end of the world is why everyone that is even remotely sane should vote against any policy coming from someone that believes such. As I have said. Enjoy.
Any time I see a post with ESG, I immediately see a person that is engaged in the world around them!! Well done Sir, you are heads above those walking around in the dark!!
