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| Catholic-based mutual fund Central Mississippi is not a Catholic stronghold, but everyone should check out Ave Maria Rising Dividend mutual fund AVEDX. A Morningstar 5-star with excellent risk-return numbers. About 40 holdings, but the top 2 are gold, so the fund is probably best suited for age 45 and below. The fund is based on the Catholic philosophy. Reply • Back to Top |
Posted by boosiebadazz on 1/10 at 12:41 am to matthew25 Religion as an investment strategy? Wtf? Reply • Back to Top |
| That will look nice in my portfolio right next to my investment into Hooters. Reply • Back to Top |
| So they take 10% of your money? Reply • Back to Top |
quote: he means this is a mutual fund that doesnt participate stem cell research that uses dead fetuses and things that are against the Catholic teachings. This post was edited on 1/10 at 8:29 am Reply • Back to Top |
| I'll pass on this crazy fund Reply • Back to Top |
| I think the fund is solid. In all, there are more than 90 "socially responsible" mutual funds including an Islamic (Amana Trust - AMANX; a 5-star that will not own companies that collect interest), and Protestant (Timothy Plan - TLVAX; and Thrivent Diversified - AAHYX). The Protestant funds avoid cigarette companies and casinos. Reply • Back to Top |
| They are 5 star rated, but none of them has an asset value that I'd feel comfortable with. Unless I can get a tax deduction for participating Reply • Back to Top |
| I have a good friend who invests in this fund. There are worse ways to invest (although not a fan of investing heavily in gold). Reply • Back to Top |
| Yeah I'm not a gold bug either Reply • Back to Top |
quote: One of the trustees of AMANX.  Reply • Back to Top |
| Or you could invest in this fund, based on the KISS philosophy. Reply • Back to Top |
quote: Is it equally weighted in frankincense and myrrh, though? Reply • Back to Top |
| From Investor's Business Daily: "The Catholic-ethics aspect involves avoiding companies linked to abortion, embryonic stem cell research and pornography. Companies offering nonmarital benefits are avoided if possible, but such benefits aren't considered a deal breaker." Reply • Back to Top |
Posted by boosiebadazz on 1/11 at 12:00 am to matthew25 thats weird to me mixing finances and religion doesn't seem like a good idea Reply • Back to Top |
Posted by Doc Fenton on 1/11 at 5:38 am to boosiebadazz Unless you are dead set against investing in general stocks due to a strong personal conviction that it is unethical, it really doesn't make sense. The best argument for these types of funds is to say "look, you can do this without sacrificing much at all," rather than "look, here's something that's better than the rest of the market." (By the way, the same general principle would apply with Islamic businessmen in Qatar who want to implement sharia-compliant financing for their startup companies.) To do that, you would have to make some weird argument about how good corporations that build up solid records of Catholic-supporting ethics will outperform others in the long run, and why you can somehow realize this while other investors can't. Also, having gold-based investments in this type of fund is a red flag. I haven't looked into the details, but that seems like the sort of thing for which the individual investor would want to make his own diversification decisions. Reply • Back to Top |
quote: But those things are awesome  Reply • Back to Top • Refresh |
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