Holy Money

I read an interesting article in Newsweek about "faith based" mutual funds. Have you heard of these? Its amazing how many crazy ideas people have. Basically, whatever your belief system, you can find the mutual fund for you to make sure that you are investing only in things that are consistent with your beliefs. So, for example, there is a Mennonite fund that will not invest an anything related to war or that harms the environment because Mennonites are pacifists and environmentalists. Another Evangelical fund has no problem with companies that harm the environment or those who profit from war but will not invest in Alcohol producers, Tobacco companies, and some of the other "7 Baptist Deadly Sins."

However, the most profitable of all of these are the Islamic funds. One called Amana has well outperformed the market. Guess what it invests heavily in...you got it, OIL! So, next time you invest ask yourself WWJI. "Where Would Jesus Invest?" Or maybe in this case Muhammad. Isn't there something in the Bible about rich men, camels, and the eye of a needle?

You'll all be glad to know that the so-called "vice funds"...and they exist...are performing well below the market. TAKE THAT DEVIL!



GiGi said...

For some reason this reminded me that we were watching that TLC thing about Josh Hamilton Sunday afternoon and when it showed him with Tampa Bay, Sarah brought up your Tampa Bay Jesus Rays idea again. We laughed for 5 minutes, I promise...........