You almost definitely own gun stocks if you invest in mutual funds. Sorry if that’s bad news.
I own a sword. A real sharp sword. I would have no problem having to register it, or having rules around carrying it properly. I would totally have a problem with simply banning it, like they have in London. From what I understand, gang violence with machetes in the UK was so bad they banned long knives (including swords). It’s incredibly wrong, in my mind, to have such a broad reaching ban without an easy way for law abiding citizens to work around it.
My opinion, don’t hate me
I don’t believe machete manufacturers are lobbying the House of Commons to get UK “large knife laws” repealed. I don’t understand why the gun companies have so much influence in Washington, or why policy makers consider their point of view when creating policy. (I mean, I do understand it, but in my opinion is misguided in the same way that company CEO’s who only consider shareholder return when it comes to decisions about the company.)
Investing in gun stocks
Anyways, if guns aren’t your thing you may not want to invest in gun stocks (the companies that make the guns, and make them available so promiscuously).
Unfortunately (for you), if you own mutual funds, you probably also own the gun companies.
It’s one of the reasons I recommend investing in individual companies; it gives you more control over the companies you own.
They’re your companies — don’t you want your companies to operate within your ethical values?
That’s not a judgement on anyone else’s ethics or choices. It’s perfectly OK to invest in the companies that make you the most money, even if they make products that have become so divisive to our country. But it’s also OK to invest in alignment with your social values.
Not only will you still make money, but you’ll feel better about yourself while you do.