Guide to Choosing a Christian Financial Advisor
With the abundance of information and services available, it can be daunting when searching for a Christian financial advisor who meets your criteria. If achieving long-term financial wealth is an obj
There are many myths and misconceptions about faith-based investing, such as it being too risky or not available to everyone. However, the truth is that faith-based investing can be just as safe and reliable as any other form of investing. Faith-based advisory firms are equipped with the resources and information to provide you with the best investment options to align with your faith and values. Below we’ve debunked the 5 most common myths about faith-based investing:
1. FBI is simply a financial boycott designed to punish “evil” companies.
FBI is used as a way to demonstrate a heart of worship that desires to glorify God. Screening investments allow for an objective, rules-based, repeatable methodology to identify the most inspiring, biblically aligned companies in which to invest.
2. I am sacrificing financial opportunities/returns by utilizing faith-based investing.
Faith-based investing does not negatively affect performance. In fact, some reports find that screening investments actually helps improve performance, giving investors larger returns.
3. FBI is difficult and expensive due to the lack of options.
While faith-based investments may require specific research and evaluations, they can be very cost effective. Common impediments are that many people are unaware, aren’t sure how to do it, and are concerned they’ll have to sacrifice return. Less than 1% of all money stewarded by families of faith is aligned with what they believe due to those misconceptions.
4. Faith-based investing is only open to certain religions or denominations.
Faith-based investing is available to anyone looking to manage their finances ethically, no matter their religion or wealth bracket. It’s for anyone who wants to align their investing with their values/faith.
5. All investments must meet certain religious qualifications which can limit diversity and restrict potential gains.
With careful assessment and consideration, faith-based investing can provide a balanced approach that respects an investor’s personal beliefs while still offering solid returns. Investment screening is a great method used to determine the best investment options.
Faith based investing has long been misguided by misinformation and misconceptions, but the truth is that it can be a worthy and profitable venture. Through careful research and wise decisions, faith investors can find a way to practice their beliefs while still effectively managing their investments for maximum return. Faith-based investing is an opportunity for many investors to make responsible decisions without sacrificing their values or principles. If you have questions concerning faith-based investing, or would like to get started, Stonecrop provides skilled advisors to guide you every step of the way. Contact us at info@stonecropadvisors.com for more information.
AUTHOR
Doug MacGray
DATE
February 23, 2023
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With the abundance of information and services available, it can be daunting when searching for a Christian financial advisor who meets your criteria. If achieving long-term financial wealth is an obj
Faith-based investing is a popular strategy to grow investments while also remaining true to your values, beliefs, and faith. As the Bible states, “Commit your actions to the Lord, and your plans wi
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