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Are there cooperative investment portfolios or index funds? 

I'm thinking everyone buys in for a certain amount, you invest that money and distribute any returns or dividends based on the input amount, but you vote all voting shares the same way (based on a proxy vote) so that once the fund gets big enough you can compete with the big single investors and forcefully democratize capitalist markets in the same way labor unions do the workplace? If not: any accountants want to help me start a co-op?

Alternative idea: an OpenCollective/Patreon style site where you post lists of ballot initiatives and anyone who wants to support them can put money in. Or it makes it easy for activist groups to post their own initiatives and if enough join you buy the shares and propose it. It would handle the money, proxy voting, etc. to make it easy for activist groups to collectively become activist investors. No fees, you keep the co-op or non-profit alive by taking a small percent of any dividends.

Are there cooperative investment portfolios or index funds? 

@sam Are you thinking the co-op invests in the capitalist stock market?

Are there cooperative investment portfolios or index funds? 

@GuerillaOntologist Exactly; then if it gets big enough it can actually compete with big single investors and push companies to do good. Basically turning their own game against them like labor unions do.

Are there cooperative investment portfolios or index funds? 

@sam @GuerillaOntologist I've definitely given that idea some thought, particularly targeting firms for mutualization that seem like they would work well as consumer co-ops (like Costco).

I think an index fund approach would be too diluted, you'd need to target specific firms where you could actually force a type moment.

This might be a fun topic for one of the social.coop coffee hours...

Are there cooperative investment portfolios or index funds? 

@sam @GuerillaOntologist Also, Kelso's "Consumer Stock Ownership Plan" scheme that never got the legs that the ESOP did (because it was snuck into ERISA) has some dynamics along these lines worth considering...

Are there cooperative investment portfolios or index funds? 

@mattcropp @GuerillaOntologist I was just reaching the same conclusion; you have an odd tension between the social component (where it's better to all buy one thing) and the wealth building component (where you make sure it's cheap enough that underprivileged communities can buy in and benefit). I guess that would be for the members to decide though.

Are there cooperative investment portfolios or index funds? 

@sam @GuerillaOntologist I mean, if you're looking for wealth building mutually owned funds, Vanguard exists. I'd see something like this as definitely putting the wealth building function in the back seat, with the mutualization mission needing to have primacy. Otherwise you're right back into the fiduciary duty trap: harvardlawreview.org/2021/04/r

Are there cooperative investment portfolios or index funds? 

@mattcropp @GuerillaOntologist That is a very good point, I guess that part is just a mutual fund (which I had forgotten existed) so maybe the co-op would focus more on the social activism aspect. That would probably attract fewer people though and being able to compete with the votes of big investors requires as many people as possible, so maybe it just wouldn't work.

Are there cooperative investment portfolios or index funds? 

@sam @mattcropp @GuerillaOntologist Kachuwa is an example of an investment fund that has significant and diversified co-op investments. And start.coop/invest will too. We just need more of these, and ones that are more accessible to retail investors.

Are there cooperative investment portfolios or index funds? 

@ntnsndr @sam @GuerillaOntologist I think what Sam is getting at is more of a "hostile mutualization" capital formation... 😈 :TwinPines:

Are there cooperative investment portfolios or index funds? 

@mattcropp @ntnsndr @GuerillaOntologist Hah, that's a much better name for it than anything I came up with; let's go with that.

Are there cooperative investment portfolios or index funds? 

@sam What would it invest in?

Are there cooperative investment portfolios or index funds? 

@be Whatever the members wanted. Presumably it would invest in mostly (only?) voting shares and then try to get enough to make a difference and force votes on important things. So it would have two components: a social good component where it tries to influence the companies and a wealth building component because you wouldn't have to be rich to buy in so it could (hopefully) build wealth in under privileged communities.

@sam see govrn. They're doing crowdfunded political donations based in achieving specific benchmarks

Are there cooperative investment portfolios or index funds? 

@sam Matt Cropp might have some ideas.

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