The ongoing push for environment, social, and governance (ESG) policies has driven retirement accounts into a downward spiral. Stagnant and oftentimes fading portfolios are being filled with “woke” investments thanks in large part to new guidance from the White House.
On top of politics, mega-money managers like BlackRock are pressuring businesses to focus less on profits and more on progressive causes like climate change and transgender rights, even when doing so works against their customers and investors. We’ve seen this in action recently from companies like Anheuser-Busch and Target.
