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How to bring the media to task

Discussion in 'Holding Tank' started by ttmott, Dec 5, 2020.

  1. ttmott

    ttmott PhD in OCD

    Apr 3, 2012
    Space Coast Florida
    2006 52 Sedan Bridge
    Cummins QSM11
    I think we can all agree the "mainstream" media in the US is about as objective as a rabid pit bull. This election cycle has shown the media and those that report and write for the media corporations are focused to a cause that they promote and that is not in our best interests.
    So, I wanted to know what in my investment portfolio carries ownership in the companies that own CNN, Fox, MSNBC, ABC, and NBC. As it ends up there is significant investment scattered throughout the Mutuals. So, I sat down with my managers and wanted to take a look at moving away from these investments; someone has to take the initiative right?. Call it an integrity sleep well at night thing. I think the only way to get the media on a better track is hit them where it hurts; in the money belt....
    Well this has caused quite the uprising when I explained the reasoning; I have gotten calls and requests for meetings at rather high levels in the investment firms. More to follow here. Regardless, someone has to start at the grassroots....
     
    Iprof, OllieC and CaptRonn like this.
  2. CaptRonn

    CaptRonn Well-Known Member

    May 25, 2016
    on a large body of water
    1999 Sea Ray 400 Sedan Bridge
    Convert fuel into noise
    Also, cut the cord. No clicks on their websites, and don't patronize their advertisers.

    Journalism is dead.
     
    Iprof and OllieC like this.
  3. OllieC

    OllieC Well-Known Member SILVER Sponsor

    Mar 11, 2013
    MinniSoCold
    Sara Belle
    2005 Weekender 215
    Mercruiser 5.0 mpi, Bravo III
    Agreed. We cut the cord 8 years ago and haven’t looked back.

    As you are probably aware companies like Verizon and Amazon own or are the majority share holders of these MSM companies. With covid and government intervention, I see no slowing down of Amazon because people are either compelled by the Government to not go anywhere and/or the media has them so scared that the Amazon’s and Walmart’s are the only convenient places to shop online.

    Of course we now have Social Media limiting and suppressing information as well. It’s become a joke. How many have Facebook and Twitter in their portfolios? I do. Not happy about it, but they’ve performed well for me.

    My portfolio manager once told me that I need to take politics out of my investing. Yes, they are intertwined, however just because you are in the right politically, doesn’t mean the market is with you.

    Then it becomes, do I want to invest in what is potentially good for my portfolio or do my principles rule? Neither is incorrect in my opinion in this current climate of investing.
     
  4. ttmott

    ttmott PhD in OCD

    Apr 3, 2012
    Space Coast Florida
    2006 52 Sedan Bridge
    Cummins QSM11
    It's hardly all or nothing; the market is quite vast. What I did learn is there are mutual funds that tailor investment to certain philosophies like religion, and other ideology as well as funds that are specific to environmental and animal rights causes for example. I see no reason that a portfolio cannot be tailored to eliminate the misbehaving media and still be populated with good investments right? Regardless, it is transient anyway and as soon as the BOD(s) makes some changes and they straighten back up one can go back in.... CNN is tanking anyway because of Mr. Zucker and I understand At&T / Warner Media are trying scrape that gum off their shoe... We as an aggregate can nudge AT&T.....
     
  5. OllieC

    OllieC Well-Known Member SILVER Sponsor

    Mar 11, 2013
    MinniSoCold
    Sara Belle
    2005 Weekender 215
    Mercruiser 5.0 mpi, Bravo III
    Agreed...and that wasn’t my point I guess. I have been dabbling in individual stocks for awhile within my retirement plan, along with possessing mutual funds. I guess my reply was narrowly focused on those individual trades.
     
    ttmott likes this.

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