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You are here: Home / Faith & Finance / Are You Investing in Porn Without Knowing It? Socially Responsible Investing from a Christian Perspective

Are You Investing in Porn Without Knowing It? Socially Responsible Investing from a Christian Perspective

February 5, 2018 by Barnaby

If you’re like me, you have a Trump-caliber wall erected between Sunday and the rest of the week.

On Sunday morning, we have an intense and sometimes-moving worship experience, followed by attending adult Sunday school or teaching the 3rd-5th graders’ class.

Come Monday, it’s back to work and kids’ activities, without much reflection on whether our time and resources are being well spent for God’s glory.

Last Tuesday I was planning to go to New York to participate in the NYSE closing bell ringing, with Inspire Investing. As a Christian personal finance blogger, I had been invited to attend by the company’s CEO Robert Netzly.

Inspire employees and invited guests ringing NYSE closing bell

Before I even knew what Inspire was, I was like “Heck yeah, I’ll be there!” As a college Economics major and MBA graduate and enthusiast of all things financial and Wall Street, I thought it was a pretty cool opportunity. How often do these things come along?

And Baltimore isn’t that far from New York by train or car, so I figured I could be up and back in a day.

But then a conflict came up and I had to cancel.

Still, I was curious, so I checked out Inspire. And that’s when I experienced a bell ringing without going anywhere. (Talk about saving money!)

My bell was rung by a fierce uppercut to the jaw: Retirement investments that I own are likely profiting from manufacturing abortion drugs, selling pornography, or using slave labor in their supply chains.

Then a brutal right hook: Biblically-responsible money stewardship requires that we examine where our money goes every day of the week, not just on Sunday mornings.

Then a bloody jab to the nose: Although investing from a Christian perspective can be lucrative, that’s not why we should do it. “So whether you eat or drink or whatever you do, do all to the glory of God.” (1 Corinthians 10:31)

Fortunately, you can invest from a faith-based perspective and still do really well.

Research conducted by Biola University’s Inspire Research Institute for Biblically Responsible Investing has found that applying the Inspire Impact Score methodology of security selection can actually result in better investment returns than investing in a broader, non-screened benchmark.

Taking a faith-based approach has certainly been a boon for Inspire. Their assets under management rose by 154% in 2017 and are approaching $150M. Minuscule compared to Vanguard, but growing rapidly.

Inspire uses their proprietary methodology to identify the most inspiring, biblically-aligned companies to include in their portfolios: Companies that are creating clean water solutions, curing cancer, giving generously to their communities and blessing their workforce. Inspire portfolios also pointedly avoid investing in companies involved in areas of concern for faith-based investors.

Not only does Inspire invest in good companies – it seeks to be one. It donates 50% or more of their corporate profits to Christian ministry every year, with a 10-year goal of donating $1B.

That’s something I can support every day of the week.

Filed Under: Earning Money, Faith & Finance Tagged With: 1 Corinthians 10:31, faith-based investing, inspire investing, robert netzly, socially responsible investing

Comments

  1. Gwen M Cicone says

    February 5, 2018 at 4:24 pm

    Thanks for sharing! This is certainly worth looking into!!

    • Barnaby says

      February 6, 2018 at 7:54 am

      Indeed!

  2. Josh says

    February 5, 2018 at 4:42 pm

    I haven’t heard of Inspire Investing until this post either, but will give them a look. One thing I don’t like about investing in regular index funds and non-SRI funds is the fact that you can’t control what companies you invest in.

    Inspire is one of the few Christian investing resources I know of.

    • Barnaby says

      February 6, 2018 at 7:55 am

      Yes, it would be great to be able to pick and choose stocks within funds.

  3. Mrs. Groovy says

    February 5, 2018 at 5:10 pm

    I’m happy to learn about Inspire! I wasn’t aware anything like this existed but it makes a lot of sense.
    Thanks for sharing.

    • Barnaby says

      February 6, 2018 at 7:56 am

      Inspire is new to me too.

  4. Michelle says

    February 8, 2018 at 1:24 pm

    Wow! I do not consider myself a “religious” person, but I find this really interesting. I had no idea something like this existed. Certainly, you don’t need to be spiritual or religious to care about being responsible with your investments. Investing in companies that are working on curing cancer and providing clean water is something that we can certainly be proud of while we are making money. I think I will have to look into this! Thanks for sharing!

    • Barnaby says

      February 8, 2018 at 1:49 pm

      Yes, def something everyone should be aware of!

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About Barnaby King Welcome to the Personal Finance King blog, which explores issues of Money, Faith, Work, and Family. I am Barnaby King. More
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