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Does my stock portfolio need to go paleo?

Asked on January 17, 2012
Created January 17, 2012 at 7:42 PM

Like a lot of people I have some money socked away in an Individual Retirement Account that I actively manage.

It contains a number of not very paleo stocks, eg processed food manufacturers, beverage manufacturers, pharma companies that focus on diabetes drugs etc.

These stocks have been doing very well for me, which is important, given that that I could be living quite long.

Is it bad to make money off people's bad choices? Part of me thinks it's OK, since people know that processed junk isn't good for them (it's not deceptive in the way tobacco was). If I switch to purely ethical stocks chances are my portfolio won't grow as fast, and I'll have less to live on when I'm old.

On the other hand, it feels a bit dirty to make money off this corrupt garbage.

Thoughts?

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