In our previous post, we evaluated the question of whether by investing in mutual funds, we would be complicit in and culpable for the immoral activities of businesses held within the funds.
From Scripture, the principle we discovered was that God does not hold us responsible for the evil that may occur through our indirect associations when we go about accomplishing the good that we should be doing—in fact, that’s a standard that God Himself cannot meet since He’s the one who sends the sunshine and rain upon both the good and evildoer. Paul adds that the only way for us to reach that level of moral purity would be for us to leave the world entirely—something we certainly hope to do someday, but not an option currently.
Getting Ahead of Ourselves
Not long ago, after listening to an acquaintance explain how he simply doesn’t feel right investing in mutual funds for this reason, he immediately tried to sell me animatedly on the latest cryptocurrency (because Bitcoin is so passé) that he predicted would go “boom” in the next few months. He projected being set for retirement after that. Others have tried to assuage their conscience by trying to convince me that trading currencies was the morally superior way to mutual funds, and yet others thought trading individual stocks or options was the answer.
I have found it strange how these apparently well-meaning and conscientious individuals would strain at the gnat of mutual funds due to their “contamination” by incidental contact with immoral businesses, while swallowing the camel of ignoring other very basic and common sense principles when it comes to investing. Somehow, they’ve made the rule of morally pure indirect associations of such magnitude that it outweighs any and all other considerations.
Let’s not get ahead of ourselves, because there are more principles than one to consider when thinking about investing. Let’s take a look at some of them now in our evaluation of appropriate investments for the Christian. [Read more…]