guns

How To Check if You’re Unknowingly Supporting Gun Stocks

There’s no doubt that gun violence is a huge problem in the United States. In the wake of so many mass shootings, people are looking for ways to reduce gun violence and make our communities safer.

Unfortunately, one way that many people are inadvertently supporting gun companies is by buying stocks in them without realizing it.

Here’s how to check if you’re unknowingly supporting gun stocks and what you can do about it.

1. What Are Gun Stocks and Why Should You Care About Them?

Gun stocks are stocks that are associated with gun companies. These can include manufacturers, retailers, and even ammunition makers. When you buy these stocks, you’re financially supporting gun companies and their businesses.

There has been a lot of public pressure on institutions to divest from gun stocks in recent years. For example, after the mass shooting at Sandy Hook Elementary School in 2012, several major investment firms pulled their investments in gun stocks. And after the mass shooting in Parkland, Florida, there was a significant drop in the value of gun stocks.

So if you’re someone who wants to do something about gun violence, one way you can take action is by ensuring that your money is not going to support gun companies.

Unfortunately, it’s not always easy to avoid investing in gun stocks. That’s because many people invest in index funds, which track major stock market indexes like the S&P 500. And since the S&P 500 includes a number of gun stocks, you may be unknowingly supporting gun companies if you’re invested in an index fund.

Luckily, there are a few ways to check if your investments are supporting gun stocks.

2. How To Check if You’re Unknowingly Supporting Gun Stocks

There are a few ways to check if your investments are supporting gun stocks.

One way is to look at the fund’s holdings. This information should be readily available on the fund’s website. If you see that the fund holds shares in a gun company, then you know that your money is going towards supporting that company.

Another way to check is to look at the fund’s investment objectives. Many funds will explicitly state whether or not they invest in gun stocks. For example, the Vanguard FTSE Social Index Fund states that it excludes companies involved in “controversial activities,” which include firearms and ammunition manufacturing.

If you’re still unsure, you can always contact the fund’s customer service and ask whether or not they hold any gun stocks.

Once you know which of your investments are supporting gun companies, you can take action to divest from them if you so choose. There are a number of funds that specifically exclude gun stocks, so you can switch to one of those if you want to avoid investing in gun companies.

3. What To Do if You Find Out That You Are Invested in Gun Stocks

If you find out that you are invested in gun stocks, you have a few options.

One option is to sell your shares and invest elsewhere. This is the most straightforward way to stop supporting gun companies with your money.  If you want options, here is a list of companies that pay good dividends.  There are a ton in the non-firearm consumer cyclicals and manufacturing sectors that you might be interested in. 

Another option is to hold onto your shares and try to engage with the company. For example, you could write to the company’s management and express your concerns about their involvement in the gun industry. You could also try to vote with your shares at shareholder meetings.

Of course, you can also choose to do nothing and continue to hold onto your gun stocks. It’s up to you to decide what is best for your situation.

No matter what you decide to do, it’s important to be aware of the potential risks involved with investing in gun stocks. Gun companies are often volatile and their stock prices can fluctuate wildly. So if you do choose to invest in them, make sure you’re comfortable with the risks before doing so.

4. Ways To Take Action Against Gun Violence

There are a number of ways to take action against gun violence. One way is to ensure that your money is not going to support gun companies.

Join or donate to organizations working to end gun violence.

You can also choose to support businesses that are taking a stand against gun violence.

For example, a number of companies have cut ties with the NRA in recent years. So if you’re looking to support businesses that are taking a stand against gun violence, make sure to check out their policies before doing so.

5. Why It’s Important To Take a Stand Against Gun Violence?

Gun violence is a serious problem in the United States. Every year, thousands of people are injured and killed by guns.

By taking a stand against gun violence, you can help make a difference. Even if it’s something as simple as ensuring that your money isn’t going to support gun companies, that’s one less gun company that can profit from violence.

And if we all take a stand against gun violence, collectively we can make a real difference. So if you’re concerned about gun violence and want to do something about it, make sure to check out the ways you can take action.

Together, we can make a difference.

Did you find out that you were unknowingly supporting gun stocks? What action did you take? Let us know in the comments below.

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Is It Worth Going into Business for Yourself?

Are you really aware of an asset meaning?

Whether you are a numbers person or not, finances become a major part of your life as you continue to propel into adulthood. As you are consistently reminded of the importance of investments, it is also imperative to understand the difference between an asset and a liability, especially if you are making purchases with the intent to create value.

So, what is the definition and meaning of an asset?

According to Dictionary.com, an asset is “a single item of ownership having exchange value.” Google.com also defines it as “property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.”

Of course, other definitions include a balance sheet for liabilities and capital as well as generalized to anything that is useful or valuable.

Robert Kiyosaki, American businessman, investor and self-help author, puts the description of the meaning of an asset a little more simply:

Asset Meaning

His examples include real estate, businesses that don’t require you to work at them, and stocks and bonds as mentioned in his book, “Rich Dad, Poor Dad.”

However, certain items you own can also be considered an asset, even within your own home.

Conversely, these same articles could be liabilities. Liabilities, as defined by Dictionary.com are “moneys owed; debts or pecuniary obligations.” Kiyosaki explains them as any purchase that takes money out of your pocket.

As you dive into the world of researching which of your household items put money in your pocket and which are a straight cost, you’ll need to keep these definitions in mind. A major issue is that many people believe their goods are profitable when, in reality, they are not as valuable as they think or, worse, they are a bit of a disadvantage to the consumer’s pocket.

While this can be an often confusing topic, Suburban Finance is here to help clear things up. Below are common possessions that you may not have realized were assets (or liabilities):

  • Your car. Some will actually deem your vehicle a more of a liability due to the amount of expenses that go into them over time. These include gas, maintenance, insurance and a loan. A car can surely be an asset, though, if the value is greater than the amount due on it. It is also classified in such terms as it can be sold for cash; however, it continuously devalues over time, not excluding the minute you drive it off the lot. While you can add your automobile to your overall net worth, you have to also deduct the liabilities on it when doing so along with determining the depreciating value. (Equally, include all liabilities in your total net worth calculation.) Many dispute on this topic, but you need to be able to establish the worth of the vehicle (trade-in value, what you gain over time, etc.) and the expenses you will accrue.
  • Fine art. Art and other collectibles, such as antiques, can add a considerable amount to your net worth. Of course, this type of purchase does not come without research. The rarer a piece, the more valuable; but the art industry is also very erratic. This is not an easy money-maker, even though its value can be limitless. This can be also be an initial expensive investment on top of an ongoing venture, since purchasing the original will be worth more than a reproduction. If you already have some items that you believe to have value, whether a reproduction or not, you should invest to have them appraised. This will be the best way to ensure you have a strong asset in your hands. Furthermore, you should be aware of the fact that home owner’s insurance may not cover your collectibles without special coverage.
  • Furnishings and appliances. Furniture, appliances and even clothes are considered what is known as non-earning or non-financial assets. These are items you own but do not provide extra revenue. One could say that appliances could also be considered an earning asset due to their efficiency in saving you time, which creates more opportunities for you to make money. If you are purchasing certain goods with the intention of investing, such as antique furniture or collectible items, you will (as mentioned above) want to consider getting them evaluated for value. While most household goods won’t necessarily produce more income, they do still represent part of your net worth. They are also useful for cases of bankruptcy and replacement cost in your insurance policy.
  • Guns. Firearm purchases have been on the rise, particularly with the gun-control laws. These purchases include both collectibles and commercial. Many investors are anticipating tighter regulations in the near future while others are concerned of the return of the federal assault weapons ban, which means any firearms in the banned categories will be illegal to produce. Those in circulation will, though, still be able to purchased and exchange hands with a fixed supply level. These commodities are very valuable to each owner, and they tend to appreciate over time. Guns are an investment that has a price dependent upon supply and demand. While still a strong subject, guns are, indeed, considered an asset due to their steady worth. As with any asset, they would also need to be disclosed if ever filing bankruptcy.
  • Your home. While common thought is that your home would be measured as an asset, Kiyosaki actually considers this to be more a liability due to the time and expenses spent on maintenance, mortgage payments, insurance, the home’s devaluation and the like. It’s likely that you may not sell the home for what it is worth due to still owning on the loan when you move. Renting a room, though, can help to turn this non-earning asset into a financial gain. Also, purchasing homes with the intent to rent to others would also turn home-buying into an asset. This is, of course, depending on who you ask. In the business world, homes are typically considered more of a liability due to costs in time and money. In spite of this, most homeowners will think of their house as a strong resource due to owning the property.

In summary, what is considered an asset and liability is often debated and dependent upon whom you ask. Just remember to keep in mind financial trends and potential value in items before attempting to turn household products into money in your pocket.