News & Politics

Are You Invested in the Gun Industry? A New Website Helps You Find Out

A new website called “Hello Money, Goodbye Gun Stocks” will help anti-gun fanatics find out if they are unknowingly investing in the firearms industry.

“Hello Money, Goodbye Gun Stocks” launched last week at GoodByeGunStocks.com, and is endorsed by prominent gun control groups like Newtown Action Alliance, New Yorkers Against Gun Violence and the Campaign to Unload. It will be available free for the next 30 days as part of a campaign to educate people about divesting from the gun industry.

Once you check to see if your retirement money is in the dreaded firearms industry, the site will recommend alternative non-gun industry retirement funds.

“We’re not gun activists by any means, but we’re both horrified by gun violence in the United States,” one of the co-creators said.

Of course they aren’t gun activists.

The couple behind the site “analyzed 12,000 funds based on public Securities and Exchange Commission data, and found a whopping $17.3 billion invested in gun-related stocks.” That information was used to create “Goodbye gun stocks.”

Is it a smart financial decision to abandon investment in the firearms industry? It doesn’t seem like it, but the anti-Second Amendment crowd isn’t known for its intelligence.

According to the latest National Shooting Sports Foundation (NSSF) data, the firearms industry was responsible for $49.29 billion in economic activity for 2015, a figure that is more than double the economic impact of the industry back in 2008, when it was estimated at $19.5 billion.

The gun-control movement is pleased about the new website. “We’re a big supporter of this,” said Leah Barrett, executive director of New Yorkers Against Gun Violence. “It’s very easy to use, and I believe very strongly that individuals who get frustrated with the political system can do things to effect change.”