View the VIBE Toronto
  • Cool Vibes
    • Cool Vibes
    • Gift Guides
    • Eats+Drinks
    • Travel+Hotels
    • Health+Fitness
    • Style+Beauty
    • Life+Culture
    • Dating+Relationships
    • Events+Nightlife
    • Cannabis
  • Best in The 6ix
    • Best in The 6ix
    • Restaurants
    • Hotels
    • Things to do
    • Coffee Shops
    • Spas + Beauty
    • Barbershops
    • Retail
  • City Life
    • City Life
    • Pride
    • #TTCLife
    • #BossLife
    • #DatingLife
    • Seen+Heard
    • COVID-19
    • Quarantine Chronicles
    • Submit a Q.C. Post
  • Going Down
    • Today
    • This Week
    • This Month
    • Submit an Event
SPACES Yorkville
Join the Conversation
Facebook 6K Likes
Twitter 12K Followers
Instagram 22K Followers
Pinterest 150 Followers
View the VIBE Toronto View the VIBE Toronto
  • Cool Vibes
    • Cool Vibes
    • Gift Guides
    • Eats+Drinks
    • Travel+Hotels
    • Health+Fitness
    • Style+Beauty
    • Life+Culture
    • Dating+Relationships
    • Events+Nightlife
    • Cannabis
  • Best in The 6ix
    • Best in The 6ix
    • Restaurants
    • Hotels
    • Things to do
    • Coffee Shops
    • Spas + Beauty
    • Barbershops
    • Retail
  • City Life
    • City Life
    • Pride
    • #TTCLife
    • #BossLife
    • #DatingLife
    • Seen+Heard
    • COVID-19
    • Quarantine Chronicles
    • Submit a Q.C. Post
  • Going Down
    • Today
    • This Week
    • This Month
    • Submit an Event
Investing in a Pandemic Finance Tips
  • City Life

The Dilemma: Investing During a Pandemic–Smart or Unethical?

  • December 1, 2020
  • 3 minute read
  • Phyllis Scully
Total
0
Shares
0
0
0
0
0
0

With a global pandemic comes record job loss, financial uncertainty and of course, market volatility. In a time where Statistics Canada has reported 12.5% of paid workers in Canada have been laid off since February 2020, reaping in profit could be seen as immoral. Although a number of Canadians are in an uncertain financial position, it is still possible to make money in this time through taking advantage of the volatility the market has brought forth.

Last year, according to the VIX (Volatility Index), there was a 78% maximum change from the lowest to highest value, compared to a 571% change in 2020 thus far. This change does not come without hardship for the people; so is it unethical to use the volatility to your advantage? 

Sourced from: Yahoo Finance on December 9 2020

The term “ethical” is one that comes with much debate, however it is, ultimately, subjective. When it comes to personal investment strategy, some may say we have a moral obligation to invest ethically.

Since March, the S&P 500 has rallied by 65%, creating a substantial financial divide between the state of the top companies and their investors versus the people. The health of large corporations compared to that of small companies throughout the pandemic has been unparalleled; thus creating even larger monopolies.

So, is it unethical to invest in DOW 30 companies rather than supporting smaller publicly traded companies? All in all, it is up to you and your personal ethical standpoint to invest in what you are comfortable with. However, breaking the market down by sector is beneficial to decide what you are comfortable investing in at this time. The following list comprises three of the most rewarding, yet controversial sectors throughout the pandemic. 

Travel & Tourism: 

Defining the travel & tourism sector can be difficult as it incorporates hotels, transportation, attractions, travel companies and more, but it is not difficult to say that this industry has been hit hard throughout the pandemic. There has been plenty of room for growth in this industry and they still have a far way to go in order to reach their previous highs, but this opportunity is accompanied by widespread layoffs. 

Real Estate & Development: 

In a time where over 12% of Canadians had been laid off since February 2020, and paying rent or mortgage payments has become increasingly difficult, investing in this sector may be accompanied by some feelings of  guilt.

The development of new neighbourhoods and condo buildings at this time can lead to profit once the demand increases to previous levels, however investing in real estate when many people can hardly afford rent could be interrupted as immoral. 

Health Care: 

The race to release a successful COVID-19 vaccination, COVID related treatment and the pandemic as a whole has been the source of increased market volatility this year, according to the CFA Institute. The ability to distribute a vaccine throughout the country or the source of the vaccine can bring forth personal ethical questions due to the fact it has not yet been guaranteed everyone will have access.

Aside from the vaccine, investing in an industry profiting off of the death and sickness of thousands of people may not be something each investor is comfortable with. 

Ultimately your moral compass will guide you in the right direction. However, it is important to ask yourself questions that will spark useful analysis of your investment opportunities in 2020.

—
*Please note this is NOT the list of GISC sectors 

*This is not intended to be a guide for your investment strategy but is instead intended to spark conversation regarding ethics in the 2020 world of investing. 

Total
0
Shares
Like 0
Tweet 0
Pin it 0
Like 0
Share 0
Share 0
Tags
  • coronavirus
  • COVID-19
  • COVID19
  • Ethics
  • investing tips
  • investments
  • opportunists
  • Pandemic
  • unethical
  • vaccination
Phyllis Scully
Phyllis Scully

Phyllis Scully is the acting associate editor of View the Vibe. She is a hard-working young woman and entrepreneur who is passionate about city life and finding the hottest vibes.

You May Also Like
Rhianna Weaver and Elissa Lansdell
View Post
  • City Life

Quarantine Chronicles: 2 Women. 3 Divorces. No Regrets: Feel Free Community–formed in a Pandemic

  • January 19, 2021
  • Guest Submission
View Post
  • City Life

Quarantine Chronicles: Restaurateur Speaks Out in Emotional Public Message to City Officials –and How YOU can help!

  • November 15, 2020
  • Guest Submission
View Post
  • City Life

How to Find the Perfect Casino Game

  • October 4, 2020
  • Joel Levy
OPEI TurfMutt Leaf Blowing Fall Months Toronto
View Post
  • City Life

7 Tips for Readying Your Outdoor Power Equipment for Winter Storage

  • October 1, 2020
  • VIBE Team
View Post
  • City Life

Quarantine Chronicles: Design and Interior Spaces in a Post-COVID World

  • July 2, 2020
  • Guest Submission
View Post
  • City Life

Quarantine Chronicles: Luxury Wine and Spirits Executive Speaks Up on #ComingTogether

  • June 23, 2020
  • Guest Submission
Toronto: Skyline at Sunset
View Post
  • City Life

Reasons Why Toronto Is a Great Place to Live

  • June 17, 2020
  • VIBE Team
View Post
  • City Life

Quarantine Chronicles: Creative Entrepreneur Speaks Up on Designing the Future

  • June 15, 2020
  • Guest Submission
Trending Posts
  • Patek Philippe Watches 1
    What Really Makes Patek Philippe Watches So Special?
    • November 30, 2020
  • types of whisky 2
    The Different Types of Whisky Explained
    • November 25, 2020
  • study 3
    Why Is It So Hard to Study Now?
    • November 29, 2020
SPACES Yorkville
ADVERTISE WITH US
Learn about our
partnership opportunities.

Inquire Now

 

LATEST NEWS
SPACES Yorkville
GOING DOWN IN #THE6IX:
« January 2021 » loading...
M T W T F S S
28
29
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Sat 23

The Junction 1st Annual Window Wonderland

November 14, 2020 - January 31, 2021
Sat 23

“LOVE ISN’T LIMITED” JOAN LATCHFORD EXHIBITION

November 14, 2020 - January 31, 2021
Sat 23

Learn Digital Painting and Color Workshop

January 23 @ 10:00 am - 11:00 am

Subscribe

Be in the know. Get the latest updates, and giveaways!

about
View the VIBE
View the VIBE, partially owned, and operated by STAMINA Group Inc., launched in 2010 as a video restaurant and spa guide, later evolving into a recognized digital Toronto-lifestyle authority, producing fun, edgy and informational editorial content. Establishing itself as a voice for restaurant reviews, trending stories, and excellent vibe videos.
Learn More
Partner Network

SWAGGER Magazine, North America’s
Online Men‘s Luxury Lifestyle Magazine.

Learn More

 

Divine.ca, Canada’s Bilingual Online
Women’s Lifestyle Magazine.

Learn More

 
WanderEater.com, leading those wandering aimlessly for food.

 
GTA Lifestyle Magazines, for all things GTA for the most affluent.

 
Part of the STAMINA Group
of brands.

Learn More

Navigation
  • Cool Vibes
    • Cool Vibes
    • Gift Guides
    • Eats+Drinks
    • Travel+Hotels
    • Health+Fitness
    • Style+Beauty
    • Life+Culture
    • Dating+Relationships
    • Events+Nightlife
    • Cannabis
  • Best in The 6ix
    • Best in The 6ix
    • Restaurants
    • Hotels
    • Things to do
    • Coffee Shops
    • Spas + Beauty
    • Barbershops
    • Retail
  • City Life
    • City Life
    • Pride
    • #TTCLife
    • #BossLife
    • #DatingLife
    • Seen+Heard
    • COVID-19
    • Quarantine Chronicles
    • Submit a Q.C. Post
  • Going Down
    • Today
    • This Week
    • This Month
    • Submit an Event
Join the Conversation
6K Likes
12K Followers
22K Followers
150 Followers
View the VIBE Toronto
  • Contact
  • Masthead
  • Subscribe
  • Send us a Tip
  • Legal
  • © 2020, STAMINA Group
The VIBE authority of The 6ix.

Input your search keywords and press Enter.