77% of Millennials Have Fallen Prey to This ‘Woke’ Investment Scam – CCN.com

There is so much bad investing advice out there.

As wonderful as the Internet has been for the free-flowing exchange of ideas, information, and transparency when it comes to securities trading, there has been an equally poor effect on those who don’t really understand investing but seek knowledge.

Consider the trendy and “woke” concept known as “impact investing.”

“Impact Investing” Is as Stupid as It Comes

“Impact investing” is a term manufactured by the Global Impact Investing Network, a nonprofit organization with some 280 members across 41 countries.

Founded in 2009, the GIIN was created to generate so-called “impact investments” into companies with the intention to “generate measurable, beneficial societal and environmental impact, alongside a financial return.”

“Impact investing” is obviously perfect for those “woke” Millennials who have bought into the elitist propaganda that a company’s fiduciary duty to shareholders should be subordinated to social impact nonsense.

Everyone just wants to feel good about themselves. They should call “impact investing” something like “virtue signaling investing.”

According to a recent survey by Fidelity Charitable, the nation’s largest grantmaker, 77% of Millennials have made an impact investment. That shows just how popular this concept is with that demographic.

Yet financial advisors seem to have caught on to the fact that “impact investing” doesn’t really have a clearly defined set of rules. That may be why Fidelity Charitable says only 53% of financial advisors say they understand the topic well.

In other words, three-quarters of Millennial investors are clamoring to make “impact investments,” yet only half of the financial advisors out there even know what their clients are talking about. It also helps explain why Millennials don’t know how to buy stocks.

This makes perfect sense if one thinks about it.

How Does One Measure What Cannot Be Measured?

The genius of the impact investing scam is that it…

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