A good rule of thumb in life is to never provide your adversary with additional resources they could use against you. But you may be doing just that if you are investing with the status quo investment firms.
You may not know it, but when you invest in public companies either directly by purchasing stock or indirectly through funds, you might just be giving these organizations more resources to fight against your conservative values.
You may think that your investment portfolio is not significant in the grand scheme of things but collectively across many conservative investors, the amount of self-sabotage they can inflict in terms of dollars is astounding.
For example, According to OpenSecrets.org, in the 2020 election cycle, the top 100 contributors to liberal PACs donated a total of $96.9 million. The exact breakdown of individual contributions can vary, but this data provides a rough estimate of the annual contribution amount from public U.S. companies to liberal PACs.
According to OpenSecrets.org, in 2020, businesses and other private sector interests spent a total of $3.3 billion on lobbying in the United States. This includes contributions from public U.S. companies. The exact amount contributed by each company can vary, but this figure provides a rough estimate of the annual contribution amount from public U.S. companies for lobbying purposes.
According to a study by the National Association of Corporate Directors, 86% of public companies in the United States have Corporate Social Responsibility (CSR) programs. This equates to approximately 4,000 companies, considering there are around 4,650 publicly traded companies in the U.S. However, the exact number can vary based on the specific criteria used to define CSR programs. And it doesn’t stop there.
Companies often use their profits to support liberal policies through various means. This includes:
- Political Contributions: Many companies donate money directly to political candidates, parties, or PACs that support liberal policies. This can include donations to Democratic candidates, progressive causes, or organizations that advocate for liberal policies.
- Lobbying: Companies may hire lobbyists to influence legislation in their favor or to promote liberal policies. These lobbyists can be former politicians, government officials, or other influential figures who can sway public opinion or decision-makers.
- Charitable Donations: Companies may donate money to non-profit organizations that support liberal causes, such as environmental groups, civil rights organizations, or social justice initiatives.
- Corporate Social Responsibility (CSR) Programs: Some companies implement CSR programs that focus on promoting liberal policies or addressing social issues. This can include initiatives related to diversity, inclusion, sustainability, or social justice.
- Public Relations and Marketing: Companies may use their marketing and public relations efforts to promote liberal policies or portray themselves as socially responsible entities. This can include sponsoring events, creating advertisements, or engaging in public relations campaigns that align with liberal values.
- Employee Advocacy: Companies may encourage their employees to support liberal policies through volunteer programs, employee resource groups, or other initiatives that foster a culture of activism within the organization.
The cartoon above represents the status quo and how things used to be. But, conservative investors are becoming better educated and are finding the fortitude to stand up to the liberal status quo. Most importantly, they are discovering that they do have choices when it comes to their investments, which collectively, can have a powerful impact.
We at Constitution Wealth are proud to be helping those investors better align their investments and life legacies with their conservative values.