Echoes. Grow your wealth and spread the message of Christ through faith-based investments. Published on 01/07/2022
Increase your wealth and spread the message of Christ through faith-based investments
As followers of Christ, Catholics are obligated to help others. There are many ways to give of our time, treasures and talents. How we invest our money also matters.
If someone has material possessions and sees a brother or sister in need but has no mercy on them, how can the love of God be in that person?” (1 John 3:17)
Catholics are called to spread God’s love and follow Jesus’ example in their daily lives. This is especially important now that war is raging in Ukraine, food insecurity is rising amid rising prices, the environment continues to be threatened, and slowing economies are causing additional economic stress.
As followers of Christ, Catholics are obligated to help others. There are many ways to give of our time, treasures and talents. How we invest our money also matters. Who among us wants to profit by supporting corporations that engage in activities in direct conflict with our faith? The United States Conference of Catholic Bishops (USCCB) has issued guidelines on how Catholics can invest in accordance with their values. Faith-based investing allows Catholics to grow their wealth while supporting businesses that do good work. Investing in a Catholic faith-based fund or portfolio in accordance with USCCB guidelines enables Catholics to have a positive impact on the world by:
— Avoid companies that do a “bad” job. Portfolios or funds that follow USCCB guidelines weed out companies whose business practices conflict with Catholic values. For example, these may be companies that produce pornography, contraceptive devices or nuclear weapons. Catholics should not want their money to support businesses whose work is contrary to their innate beliefs, so it makes sense for them to invest in ways that avoid such businesses.
— Promote Catholic ideals through investor activism. Because a company’s stock gives investors partial ownership of it, each investor has some influence over the behavior of the company. A Catholic faith-based fund should certainly exclude any companies that directly violate USCCB guidelines, but there are also companies that might indirectly support movements contrary to Catholic values through donations or other involvement. In these cases, investors may use their monetary influence to try to induce a company to conform more to Catholic ideals. For example, there are common investment vehicles available to individuals who actively engage companies in an effort to change behaviors contrary to biblical values.
Catholics are called to help others and spread the message of Christ, but they must also protect and develop their own finances in order to support their families, the Church and charitable causes. Investing in a faith-based way or in a specific Catholic faith-based fund can help Catholics achieve this goal, while being assured that they are living their values and helping to bring about much-needed positive change in the world.
If you want to learn more about faith-based investing, listen to our webinar on “Is a Recession Imminent,” June 12 at 5 p.m. EST, co-hosted with The Pilot, Faith Investor Services, and Capital Insight Partners. Information on how to join the webinar can be found on page 20 of this week’s print edition, at TheBostonPilot.com or at the link: bit.ly/faithinvesting2.
MICHAEL SKILLMAN IS CEO OF FAITH INVESTOR SERVICES.
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