INVESTORS
WITH A MORAL COMPASS DOING WELL!
It’s starting to make me laugh whenever I
read an article about good performance and investors
who are making intentional decisions to invest with
a moral purpose. Don’t get me wrong,
none of these investors are trying to shoot themselves
in the foot by investing without a profit motive,
but many now see the importance of using every facet
of their lives to serve a higher purpose.
What prompted the latest thoughts along these lines
was an article in the February 8, 2010Bloomberg
Businessweek entitled, “It Pays to
Be Good”. They have cited the ING Socially
Responsible Investments Index that almost doubled the
performance of the S&P 500 Index. They could
also have noted that the SRI’s Domini Index has
scored impressive gains as well over the past several
quarters of the market recovery.
Several of the money managers who are following
a discipline termed “Biblically Responsible Investing” have
also been beating the indexes by similar margins. Unfortunately,
the BRI industry has not gotten their participants
organized as well to develop a nationally recognized
index that help all investors measure their success. Both
SRI and BRI investors tend to shun industries such
as alcohol, tobacco, gaming, and pornography and as
such, their performances often parallel each other.
The reason I find this funny
is that the longer term studies that have been done
on comparing investors who invest this way, and investors
who do not, usually find that over time, the investors
with a moral compass actually do better. Why then do the articles
act so surprised when this happens? It could
be that we have come to expect societal negatives to
be more profitable? Perhaps we have not realized
God’s system for counting and examining our motives
in all our uses of money!
Matthew 6:19-21 (NIV) “Do not
lay up for yourselves treasures on earth, where moth
and rust consume and where thieves break in and steal,
but lay up for yourselves treasures in heaven, where
neither moth nor rust consumes and where thieves
do not break in and steal. For where your treasure
is, there will your heart be also.”
Monday Morning
Message Sent 3/15/10
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