Jury's In: ESG Investing Doesn't Work 🧑‍⚖️

Here's your week in review and what lies ahead...   [Shield] AN OXFORD CLUB PUBLICATION [Liberty Through Wealth]( SPONSORED [Are we seeing a return to the '70s?]( In the '70s, commodities like gold and oil jumped by as much as 2,300%... While stocks returned 0%! Learn from history - and uncover the secret behind the biggest supercycle of our lifetimes - at Marc Lichtenfeld's Commodities Supercycle Summit. [Click here now to learn more.]( ON THE AIR [WNM]( [Watch Video]( Artificial intelligence (AI) is changing the way we trade for good. At this point... it's no longer optional. Either you use AI to enhance your opportunities... or you get left behind. That's why I'm excited to announce that a friend - and former CBOE trader - from Monument Traders Alliance, Bryan Bottarelli, is [going LIVE to demo a brand-new AI trading tool](. It uses AI, machine learning and proprietary algorithms to find setups for same-day gains as high as [513%... 1,085%... even 1,367%!]( That's right... over 1,300% gains in a matter of hours! But you don't have to take my word for it. [RSVP RIGHT HERE (It's Free!)]( BRIEF FROM THE CHIEF Check out this brand-new feature we've added to Liberty Through Wealth's Thursday mailing! Each week in this section, Chief Investment Strategist Alexander Green responds to reader questions. It's your direct line to the Chief! Have a question for Alex? Drop him a line at mailbag@oxfordclub.com. Reader: I am an Oxford Club Chairman's Circle Member and have a question about Alex Green's Fortress Portfolio. Recently I listened to a presentation he gave that focused primarily on avoiding publicly traded companies and organizations that are espousing extreme progressive/woke policies/practices, often hurting shareholders in the process. He specifically named several such organizations, including BlackRock. I've noticed that Alex's Fortress Portfolio includes two BlackRock exchange-traded funds. Has Alex determined an acceptable substitute for the two funds he lists in that portfolio? If not, will he be doing that? After listening to his presentation, I certainly do not want to invest in any company that puts those types of policies ahead of the best interests of their shareholders. I currently own all funds listed in that portfolio. Any help you can provide is appreciated. Have a nice day. - W.R. Chief Investment Strategist Alexander Green: The jury is in and environmental, social and governance (ESG) investing doesn't work. Funds that overweight companies with high ESG scores have underperformed the market. BlackRock - contrary to its fiduciary duty to seek out the highest returns for shareholders - overweights companies with high ESG scores. That's why I don't generally recommend the firm's funds. However, the BlackRock ETFs in our Fortress Portfolio are essentially index funds. That means BlackRock managers do not have the ability to overweight ESG companies, as they regularly do in their actively managed equity funds. These two funds are included in our portfolio only because of their size, liquidity and low costs. [Editor's Note: To view the presentation on woke capitalism that the reader above is referencing, [go here]( YOUR WEEK IN WEALTH In Case You Missed It... On Monday, Alex pointed out that "for the past two years wage increases were completely erased by price increases." Although inflation is still too high, we recently learned of a positive development that may help us skirt the threat of a recession. [Go here to discover why Americans are richer than they realize.]( [Full Analysis Banner]( DATA DROP [A Soft Landing?]( We're expecting Wednesday's rate hike from the Federal Reserve to be the last interest rate move of this cycle. And that's massive for the economy and the stock market. [Find Matt Benjamin's full analysis of what this means for investors here.]( SPONSORED [ONE Critical Market Event Could Ease 2022 Losses]( A former Goldman Sachs VP has come forward to reveal the ONE event Wall Street uses more than any other to recover from volatile markets. [Details here...]( FRIDAY FEATURE Below we're sharing a sneak preview of [tomorrow's edition](... In Monday's column, I noted that time prices - the length of time Americans work to afford things - have decreased over the past few decades. Today, it takes far less labor for us to afford most of what we want and need. That, in turn, gives us the ultimate wealth: more time to do what we really want. This is a well-documented fact. Yet many Americans become angry when they discover that people are generally living longer, healthier, richer, freer lives than ever before. Why is this? [Keep an eye out for tomorrow's Liberty Through Wealth article to read on...]( WEALTH OPPORTUNITIES - ["My First Impression Was 'You've GOT to Be KIDDING Me!'" - Bill O'Reilly]( - [The Only Stock That Could Rocket in Today's Market]( - [Earn an Income Stream From This Unique Investment]( - [A Surprising Dollar Alternative]( WEEK IN REVIEW Here are the highlights from this week in Liberty Through Wealth: [FOMC]( [Watch Out for Lags Ahead]( By Matt Benjamin There still may be trouble for the market... [Key to Wealth]( [The Path to Building the Retirement of Your Dreams]( By Alexander Green This is the importance of maximizing your income to save for a comfortable retirement tomorrow. [Rich Americans]( [Why Americans Are Richer Than They Realize]( By Alexander Green It appears it is not all doom and gloom after all... 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