One of the best ways we can accomplish peace, is to get committed investors to actively invest in peace companies, and actively and vocally UNinvest in wartime companies. An alternative to this is for investors to contact their wartime companies and inquire when they will start investing some of their massive resources and brainpower into peacetime products.

The 401K, or, how I invested in war without realizing it.

I don't know if the men listed below had a lot of concern for defense spending. I don't find anything in particular in Ullman's profile. However, if they were very astute men, likely no mention of the assurance of continued defense spending by people investing in 401K plans would be in existence.

From Wikipedia:
In 1978, Congress amended the Internal Revenue Code by adding section 401(k), whereby employees are not taxed on income they choose to receive as deferred compensation rather than direct compensation.[4] The law went into effect on January 1, 1980,[4] and by 1983 almost half of large firms were either offering a 401(k) plan or considering doing so.[4] By 1984 there were 17,303 companies offering 401(k) plans.[4] Also in 1984, Congress passed legislation requiring nondiscrimination testing, to make sure that the plans did not discriminate in favor of highly paid employees more than a certain allowable amount.[4] In 1998, Congress passed legislation that allowed employers to have all employees contribute a certain amount into a 401(k) plan unless the employee expressly elects not to contribute.[4] By 2003, there were 438,000 companies with 401(k) plans.[4]"

Title: A bill to amend the Internal Revenue Code of 1954 to reduce income taxes, and for other purposes.
Sponsor: **Rep** **Ullman**, **Al** [OR-2] (introduced 7/18/1978) Cosponsors (2)
Related Bills: H.RES.1306, H.RES.1444
Latest Major Action: 11/6/1978 Public Law 95-600.

by date)
Rep Conable, Barber B., Jr.
Rep Jones, James R.

President Carter opposed bill as "unacceptable and a windfall to millionaires."
Article from The Ledger July 1978

Easter - 03/23/08 - 4000

February 2008

Sue Klaus - War Investor by Default.

As I expected, I never got an answer from the 401K company that I use, about how to get a list of each company in each fund they have that I invest in. From the description below, you can imagine it would be a HUGE list - it's almost exponential how each fund is put together.

So, how do I avoid investing in war when I can't even establish my 401K is a peacetime 401K? In fact, I know that at least one of the funds has GE stock, which is a warmaker par excellence.

For example, this is a growth fund managed by T Rowe Price, and includes holdings for their GROWTH fund. Most 401K's will have a growth fund included to choose, and I doubt there would be big differences in that technique from firm to firm. Notice that proportionally, these four companies listed below make up a small percentage of the total companies in this fund.


Equity & Debt Securities Shares/Par Value ($) % of Net Assets
ExxonMobil 1,500,000 1 38,840,000 1.120%
GE 10,850,000 4 49,190,000 3.624%
General Dynamics 1,870,000 1 57,958,900 1.274%
Lockheed Martin 55,000 5,966,950 0.048%

So, I am now assuming that although I didn't realize it when I started my 401K, I am a wartime investor by default. I don't know if I can even avoid it, unless I make a huge stink with the investment company and beg them for a peacetime portfolio option.

That'll be interesting.

November 2007

I was hoping I could find out what the different funds in my 401K were made up of, so I could reassign my funds accordingly. So, I dug into my 401K, to see if I could weed out funds that were defense-heavy. What a quagmire.

Each fund is made up of OTHER funds, which are made up of stocks, bonds, etc, and sometimes OTHER FUNDS. To dig into just one, I could only find a listing of the top 10 companies' stock in the fund. Nowhere could I get a comprehensive list. I found one of the funds listed General Dynamics as one of its top investments, so I may be able to make some judgment calls on that one - but without the whole list, it is difficult.

So, I emailed them to ask this: How can I get a complete listing of all companies each fund invests in? There are some companies I do not want to invest in, and to make a choice, I would need a complete listing. The investment summaries only list some of the companies.

I finally got an automated answer:
"We are currently researching a response to your email. You can expect to hear from us within the next 48 hours."

OK, maybe it's just as daunting a task as I thought it was.

October 2007

Progress note - I wanted to let you know about my own Investor's War.

I am getting a slow start, but for now I have examined my regular holdings, small amounts of this stock and that. What I found were two stocks that I had to consider carefully, but I decided to keep them.

1. Microsoft - This company had a contract several years ago, along with several other IT companies to help develop the Intranet for the US Navy. I see no harm in letting soldiers and sailors communicating with each other. So, on the basis of this one project (compared to other companies just dripping with tax dollars), I decided to keep it.

2. Federal Signal - I am a former employee of Federal Sign and Signal, and have stock from the company because I grew up with it. It now has many more divisions, and the one part that gave me pause was it's part in providing emergency signaling, vehicles, and other products related to Homeland Security. However, these are not missiles, they are sirens; they are not tanks, but rather bomb squad vehicles. I decided to keep this as well.

My next step is to dig into the funds that make up my 401K at work. I am fully diversified, with some funds in every sector they offer in the program at Mass Mutual. I will let you know my own findings, and if you wish, let me know yours.

October 16, 2007.

One of the best ways we can accomplish peace, is to get committed investors to actively invest in peace companies, and actively and vocally UNinvest in wartime companies.

What does this mean? For me, it means that I have to pull out all the names of the funds that my 401K has, and sift through them to make sure they don't provide monies to war profiteers. if I find one, I have to pull funds out of that one and put them in other ones that I am sure have no war profiteers in it. A royal PITA.

But, it will take me a while, so I will update you on my progress. My other investments i will have to check too, even tho I am a very tiny investor. Well, my height isn't that much of a problem, but I don't have a lot of money in them.

But, there are plenty of other investors that want peace - so they might want to do the same.

Also, the companies can be contacted for their annual reports (any investor can request that) and upon review, if found to be profiting from war, perhaps a nice friendly letter that you really wish you could invest with them, but since they profit from war, you just - can't.

Remember, the point is to make companies consider getting into peacetime products, so they will not go out of business, but rather, make money from peace, instead of war.

The machine driving war right now is the World Wide War Economy. We need to create the World Wide Peace Economy. Scientists beating swords into plowshares for renewable energy, affordable housing, clean water, transportation - stuff we will need, stuff we will pay for, if just given the opportunity!