Earlier in the week, Dave Ramsey was talking about an option for investors who wanted mutual funds but didn't want to support abortion or alcohol and so on. Dave Ramsey explained that he doesn't do this at all, but he suggested a fund called The Timothy Plan.I thought this was a neat idea. I would never invest like this, but I'm all for market choices, and I checked it out. I don't even want to link to it I am so horrified. On the front page, it claims that it doesn't invest "abortion, pörnography [what's with the stupid umlaut?], anti-family entertainment, non-married lifestyles, alcohol, tobacco and gambling." Hmm. Vague.
Turns out "non-married lifestyles" means:
Alternative Lifestyles
Financial Support
(promoting or supporting the gay, lesbian, bi-sexual or trans-sexual lifestyle)
Employee Groups
(officially recognizes gay, lesbian, bi-sexual or trans-sexual employee groups)
Active Involvement
(supports gay, lesbian, bi-sexual or trans-sexual organizations)
So health insurance for homosexual employees is what this group is policing. I look forward to a day when there are no companies left on this awful, homophobic list. I'm all for not investing in companies that profit from selling alcohol or gambling or whatever if you don't support it, but refusing to invest in companies that provide health care for homosexual families? Wow. I'm blown away.
2 comments:
While I completely disagree with the Timothy plan idea, on the same basis as you do (what happened to hate the sin, not the sinner? or whatever it is people always spout?)
I can tell you that I did have a very difficult time finding funds that did not have money in tobacco. After long searches, however, I have my money invested in funds that do not conflict with my personal beliefs. So I guess it serves a purpose for people who really think that's necessary. I too will be very pleased with the day that there are no more companies left on the list.
Back in the day (I work for a very liberal social services agency), my 401(K)choices were limited to Calvert mutual funds and Pax World funds because they were the only ones closely monitoring fund choices for environmental awareness, tobacco, etc. Even today, I keep some of my money in Ariel funds, which were spun off from Calvert (and are largely owned and operated by African-Americans). I guess if I'm allowed those choices, then fanatical anti-choice, homophobic members of the religious right wing should have choices of their own as well. Sad that Ramsey supports the Timothy fund but then I listen to him for financial advice, not wrong-headed political or religious advice. I just consider that to be the price of admission.
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