Hey I am currently in the privileged position to think about what I do with the money I saved as an emergency fund. Do I put it in an account that gets interest so less gets lost to inflation?

But from my understanding the bank can only pay that interest because they loaned the money to someone that uses it to exploit people labor or extracts rent from them etc.

Where I live saving for retirement is currently not that big of a thing because its something the state manages, but what do folks do that dont have that?

Should anarchists buy stocks or what else should they do with money that exceeds their safety needs?

  • ProdigalFrog
    English
    6•5 months ago

    There were two posts about this subject in !climate_action_individual@slrpnk.net

    One post by @silence7 was a link to site on climate-friendly credit unions that don’t invest in unethical things, and the other was a post by me on choosing to invest in ESG index funds that are verified by FossilFreeFunds.org due to normal banks investing your money into fossil fuels without your consent (I wasn’t aware of the climate friendly credit unions when I made it).

    Personally, I think it’s fine to invest because, in a world with pensions being increasingly uncommon or defunded, it’s realistically the only way to be able to retire, or survive while being out of work due to medical issues at old age without going bankrupt. Though I’m speaking mostly through the lens of living in the US.