Does Investing Make You A Bad Person?
The Financial Diet 41:17
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Can you be anti-capitalist and still invest for retirement? Investing expert and friend of TFD, Amanda Holden, explores the uncomfortable contradictions of ethical investing — from where your 401(k) money actually goes to whether individual divestment can meaningfully challenge capitalism. We’re getting into ethical investing, corporate power, financial security, and what it really means to participate in a system you may not agree with.
OTHER FINANCIAL PRODUCTS WE PERSONALLY ENDORSE:
SoFi high yield savings account: https://bit.ly/46Br1Bz
Budgeting app - Monarch: https://bit.ly/4xzz7qp
Financial advisor - Advisor.com: https://bit.ly/4gyImB7
Want to hear more from Amanda? Follow her on Instagram here: https://www.instagram.com/dumpster.doggy and purchase her book, How to Be a Rich Old Lady, here: https://bit.ly/4gEJCBj
Amanda's Reading List:
-The Wretched of the Earth by Frantz Fanon
-Sister Outsider by Audre Lorde
-Blackshirts and Reds by Michael Parenti
-Open Veins of Latin America by Eduardo Galeano
-Why Socialism? by Albert Einstein
-Capital by Karl Marx
**Currently reading: As We Have Always Done: Indigenous Freedom Through Radical Resistance by Leanne Betasamosake Simpson
SOURCES:
-The work of Jason Hickel: https://www.jasonhickel.org/books
-"She criticizes capitalism - and also gives investing advice," by Britany Robinson, The Guardian: https://www.theguardian.com/lifeandstyle/2026/may/29/how-to-build-wealth
-Holding it Together: How Women Became America's Safety Net by Jessica Calarco: https://www.penguinrandomhouse.com/books/697130/holding-it-together-by-jessica-calarco/
-"Turning Colleges' Partners into Pariahs" by Bill McKibben, NY Times: https://www.nytimes.com/roomfordebate/2013/01/27/is-divestment-an-effective-means-of-protest/turning-colleges-partners-into-pariahs
-Capital Volume I by Karl Marx: https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-I.pdf
-Letter from Karl Marx to Lion Philips on June 25, 1864: https://en.prolewiki.org/wiki/Library:Letter_from_Marx_to_Philips._June_25,_1864
-David Harvey, Reading Karl Marx series for The People's Forum: https://www.youtube.com/live/n5vu4MpYgUo?si=qFeSHALcd8ACKEcP
Want to support TFD? One of the best ways is to join our membership program, The Society at TFD — join at the Premium tier and get instant access to Chelsea's weekly newsletter, exclusive podcasts, our new discussion club, and more! You can become a member here on YouTube or over on Patreon (we recommend Patreon for a better user experience!) — Join here: https://bit.ly/46jmyUE
Can you be anti-capitalist and still invest for retirement? Investing expert and friend of TFD, Amanda Holden, explores the uncomfortable contradictions of ethical investing — from where your 401(k) money actually goes to whether individual divestment can meaningfully challenge capitalism. We’re getting into ethical investing, corporate power, financial security, and what it really means to participate in a system you may not agree with.
OTHER FINANCIAL PRODUCTS WE PERSONALLY ENDORSE:
SoFi high yield savings account: https://bit.ly/46Br1Bz
Budgeting app - Monarch: https://bit.ly/4xzz7qp
Financial advisor - Advisor.com: https://bit.ly/4gyImB7
Want to hear more from Amanda? Follow her on Instagram here: https://www.instagram.com/dumpster.doggy and purchase her book, How to Be a Rich Old Lady, here: https://bit.ly/4gEJCBj
Amanda's Reading List:
-The Wretched of the Earth by Frantz Fanon
-Sister Outsider by Audre Lorde
-Blackshirts and Reds by Michael Parenti
-Open Veins of Latin America by Eduardo Galeano
-Why Socialism? by Albert Einstein
-Capital by Karl Marx
**Currently reading: As We Have Always Done: Indigenous Freedom Through Radical Resistance by Leanne Betasamosake Simpson
SOURCES:
-The work of Jason Hickel: https://www.jasonhickel.org/books
-"She criticizes capitalism - and also gives investing advice," by Britany Robinson, The Guardian: https://www.theguardian.com/lifeandstyle/2026/may/29/how-to-build-wealth
-Holding it Together: How Women Became America's Safety Net by Jessica Calarco: https://www.penguinrandomhouse.com/books/697130/holding-it-together-by-jessica-calarco/
-"Turning Colleges' Partners into Pariahs" by Bill McKibben, NY Times: https://www.nytimes.com/roomfordebate/2013/01/27/is-divestment-an-effective-means-of-protest/turning-colleges-partners-into-pariahs
-Capital Volume I by Karl Marx: https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-I.pdf
-Letter from Karl Marx to Lion Philips on June 25, 1864: https://en.prolewiki.org/wiki/Library:Letter_from_Marx_to_Philips._June_25,_1864
-David Harvey, Reading Karl Marx series for The People's Forum: https://www.youtube.com/live/n5vu4MpYgUo?si=qFeSHALcd8ACKEcP
Want to support TFD? One of the best ways is to join our membership program, The Society at TFD — join at the Premium tier and get instant access to Chelsea's weekly newsletter, exclusive podcasts, our new discussion club, and more! You can become a member here on YouTube or over on Patreon (we recommend Patreon for a better user experience!) — Join here: https://bit.ly/46jmyUE
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