This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Long Live the 1%: Buy Whole Foods

NEW YORK ( TheStreet) -- As an investor, you have got to leave your political and social convictions at the door. It took me a long time to learn this.

Here's a confession: I used to be a socially conscious investor. I'm no longer exactly sure what that means, after finding out that most socially responsible funds hold everything from Starbucks (SBUX) to Walmart (WMT) to McDonald's (MCD). Needless to say, prospectuses for "green" mutual funds no longer litter my desk.

Occupy Your Portfolio

I will be heading to San Francisco this weekend. I can only hope the city has cleared the Occupy protesters from downtown's Justin Herman Plaza.

Last time I visited, I spent a considerable amount of time observing the protesters only to discover they really were not protesting anything after all. Aside from a few marches down Market Street, they spent their time wandering, resting and living in a pool of filth that sanitation workers and the SFPD had to clean up and look after.

10 Stocks to 'Like' When Facebook Goes Public >>

For almost two years, when I was Hanging Out in Skid Row, Los Angeles, I saw the worst examples of poverty America has to offer. It's shocking to me that the Occupy "protesters" would effectively recreate this environment of squalor in their ultimately useless encampments.

They must be too dense to realize that this is not how Martin Luther King, Jr. or even more radical leaders, such as Stokely Carmichael and Malcolm X, incited change. First and foremost, they made something of themselves so that they could use their money, fame, power and leverage to empower those around them and properly rattle the right cages.

They did not blame Wall Street. That's almost as pointless as blaming Canada.

If I was inclined to become an Occupy protester, I would do one of two things: Waste my time fighting the movement itself so it could stand a chance of having an impact or move on with my life and try to make it better. Use the structures that are in place to improve your position in life; from there, you might actually be able to achieve something for somebody else.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
LULU $63.68 0.81%
TSLA $249.26 0.31%
WFM $32.76 -0.27%
AAPL $112.65 -0.56%
FB $88.96 -2.30%

Markets

Chart of I:DJI
DOW 16,491.28 -151.73 -0.91%
S&P 500 1,974.78 -14.09 -0.71%
NASDAQ 4,786.4570 -41.8680 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs