Catholic-based mutual fund | TigerDroppings.com

Posted byMessage
matthew25
Ole Miss Fan
Member since Jun 2012
3412 posts

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.







Back to top
Share:
boosiebadazz
Member since Feb 2008
45284 posts

re: Catholic-based mutual fund


Religion as an investment strategy?

Wtf?






Back to top
jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
14185 posts

re: Catholic-based mutual fund


That will look nice in my portfolio right next to my investment into Hooters.





Back to top
  Replies (0)
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
14860 posts
 Online 

re: Catholic-based mutual fund


So they take 10% of your money?





Back to top
  Replies (0)
trident
Tennessee Fan
Member since Jul 2007
3373 posts
 Online 

re: Catholic-based mutual fund


quote:

Religion as an investment strategy?

Wtf?


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


Back to top
MrLSU
LSU Fan
Baton Rouge
Member since Jan 2004
1966 posts

re: Catholic-based mutual fund


I'll pass on this crazy fund





Back to top
matthew25
Ole Miss Fan
Member since Jun 2012
3412 posts

re: Catholic-based mutual fund


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.





Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
14860 posts
 Online 

re: Catholic-based mutual fund


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





Back to top
  Replies (0)
CoolHand
USA Fan
Member since Dec 2011
1482 posts

re: Catholic-based mutual fund


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).






Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
14860 posts
 Online 

re: Catholic-based mutual fund


Yeah I'm not a gold bug either





Back to top
  Replies (0)
bunky
LSU Fan
FREE EL GUACHO
Member since Jul 2011
4471 posts

re: Catholic-based mutual fund


quote:

Miles Davis, Ph.D. (since 2008)


One of the trustees of AMANX.






Back to top
  Replies (0)
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
30042 posts
 Online 

re: Catholic-based mutual fund


Or you could invest in this fund, based on the KISS philosophy.





Back to top
  Replies (0)
Y.A. Tittle
Winthrop Fan
Member since Sep 2003
49241 posts
 Online 

re: Catholic-based mutual fund


quote:



There are worse ways to invest (although not a fan of investing heavily in gold).


Is it equally weighted in frankincense and myrrh, though?






Back to top
matthew25
Ole Miss Fan
Member since Jun 2012
3412 posts

re: Catholic-based mutual fund


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."






Back to top
boosiebadazz
Member since Feb 2008
45284 posts

re: Catholic-based mutual fund


thats weird to me

mixing finances and religion doesn't seem like a good idea






Back to top
Doc Fenton
LSU Fan
Member since Feb 2007
50991 posts

re: Catholic-based mutual fund


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.






Back to top
  Replies (0)
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
14860 posts
 Online 

re: Catholic-based mutual fund


quote:

The Catholic-ethics aspect involves avoiding companies linked to abortion, embryonic stem cell research and pornography


But those things are awesome






Back to top
  Replies (0)


Back to top