If you buy ETFs, you basically hold some stocks you don't want.

For example, stock from war profiteering companies (lockheed, raytheon).

Note that investing in war profiteers is a proven way to build wealth. I just don't want to do that.

This argument not only applies to evil companies, but also dumb ones. For example, I have no interest in investing in IBM or Oracle even those both of those are also money makers.

You could buy ETFs and then short the stocks you don't like more, I suppose.

Ok?