Faith based investors

[Liberal_in_LA]

http://www.msnbc.msn.com/id/28391769/

Faith-based investors follow their beliefs
Many put their money in funds developed on religious principles

"When you're doing religious-based investing, you have to be prudent about it," said Sam Saladino, portfolio manager for Epiphany Faith and Family Values 100 fund, which is designed around Catholic principles. "You have to realize that this is a capitalist society, and these companies are trying to make money."

Nevertheless, Saladino has several non-negotiables that reflect Catholic tenets, for instance companies that profit from abortion and contraception, or that support legislation or groups in favor of gay marriage. Other red flags, like excessive executive pay, helped him avoid some of the companies that have fared the worst in the recent turmoil, like Lehman Brothers, the storied investment bank that went bankrupt in September.

[Muttocracy]

1. why don't people of faith just trust that God will provide for them?

:shrug:

:hide:

[Liberal_in_LA]

2. because they know they would starve.

[Merlot]

3. I once looked into a fund that was supposed to be socially-conscious

guess who one of their top ten investments was: walmart.

I contacted them to question that and was sent back a bs letter stating how walmart was good for the economy and hired a lot of people.

Since then, I've just gone with what was best for me. If you're investing, you're already wading in a dirty pool.

[mitchum]

4. Who Would Jesus Bilk?