Faith-Based Investing Becoming More Popular
There’s no doubt that scores of investors operate with an “anything goes” attitude in their pursuit of a fast buck.
But faith-based investors view the process a little differently. They place their religious values at the core of their financial decisions. And a growing number of companies are catering to that mindset.
One of them is Faith Based Investor, a Mount Pleasant, S.C.-based company that serves as a resource for investors and also manages many of its clients’ investment portfolios.
“Our clients come to us looking for the ability to get a good return, but they also want to feel good about what they’re invested in,” said Jay Peroni, the company’s chief investment officer and author of “The Faith-Based Millionaire” and “The Faith-Based Investor.”
People whose investments are based on their religious values and others who focus on socially responsible investing will have some overlap, Peroni said. But there are differences.
“Social investing can be more of a moving target,” he said. “You look at the environment or maybe where you’re eating … those kinds of things. But that can change over time. Faith-based investing is centered more on a moral standard and is pretty well set in stone. Christians have beliefs that are based on the Bible, so they don’t want to invest in things that don’t line up with those values.”