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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (5496)	8/19/2010 11:28:40 AM
From: Paul Senior	1 Recommendation Respond to of 34328

OT: I distinguish. All these sin stock companies depend on the decisions and actions of all the sinners. No one forces anyone to take up smoking or to gamble or to drink. To the potential investor in these stocks, you know what you're getting involved with if you buy stocks of cigarette companies, gambling casinos, or whatever you might view as a "sin" stock (payday lenders, soft drink companies, et. al.) Taking short cuts with drilling operations where the consequent cost to society is environmental damage, that's something different. As I view it anyway. Sort of like guys in their offices implicitly or explicitly making these decisions so as to make their bonuses, having their employees carry out the decisions, and no one else (or very few people) either involved or having knowledge of this...until disaster strikes or is discovered. This I want no part of.

To: Triffin who wrote (5496)	8/19/2010 8:58:23 PM
From: JimisJim	1 Recommendation Respond to of 34328

It is hard to know where to draw the line for any individual... I only bring up BP and Enbridge because I've worked in the energy sector for over 25 years and am fed up being seen as a bad person myself because I worked in the same sector as BP and Enbridge -- two companies that even most other energy companies would, IMO, secretly be happy if they ceased to exist -- they give everyone in the industry a bad name, IMO and I'm tired of being painted with the same brush, esp. since my primary job responsibility was to inform clients what safety and maintenance procedures were recommended and/or required when installing, commissioning, and using the stuff we sold to them. I would be less inclined to take a similar stance wrt tobacco, alcohol, gaming, etc. if for no other reason than everyone knows the risks and dangers of the so-called sin companies and buys their products/services or invests in them knowing what they are about. In the case of BP or Enbridge, IMO, they deliberately mislead the public and represent hazards to public health and welfare simply because of HOW THEY CHOOSE TO OPERATE THEIR BUSINESSES vs. manufacturing or selling products and services with well documented hazards -- sin company customers and investors know what they're buying... Jim