Like a company that excells in its own segment of a niche market, so too does Fehrebacher's first book. Written after many years in various financial markets, the author saw a glut of activity and education in the area of Socially Responsible Investing (SRI) but little which dealt with more conservative concerns, vis a vis abortion, pornography, alcohol & tobacco, and gambling. "Put Your Money Where Your Morals Are" was his solution. While it caters to the above mentioned issues, the book does discuss what is available from the other side, as well as how they fall short of what they proclaim, particularly for a large part of their target audience. Fehrenbacher is unapologetic of the stands he takes, stands he believes are important and timely for conservative Christians. Ironically enough, he also challenges several (erroneous) beliefs that right-leaning Believers often have: the effectiveness of boycotts and the existence of virtuous companies, among others. All in all, the book is clearly written, well-researched and documented, and full of useful information for those wanting to know more about screening their investments to match their values. On a side note, I gave it four stars as the information regarding the holdings for various funds is now almost six years old and likely outdated. Though this is an issue of print media, it still unfortunately applies to this book. Otherwise, it would have received 5.
Put Your Money Where Your Morals Are
Published by Thriftbooks.com User , 20 years ago
~Put Your Money Where Your Morals Are: A Guide to Values-Based Investing~ is a succinct, informative and practical guide for the conservative investor. Scott Fehrenbacher offers strategies for investors to put their money where their morals are. So, as an investor what exactly are you investing in? Are you investing in companies that promote homosexual interests while pandering to gay community by offering benefits for same-sex couples? Are you investing in mass-media and entertainment? Does your investment profit from pornographic or violent entertainment? Surprisingly, an investment in the Disney corporation means that an investor is essentially subsidizing and profiting from pornographical programming. The News Corporation that owns the ostensibly conservative Fox News Channel owned one of the lucrative pay-per-view porn venues in the United States. These facts alone should suffice to get your attention and make you think twice about where you put your money. How about your biotechnology, medical instruments and pharmaceutical investments? No conservative Christian wants to invest in companies that profits from embroynic stem cell research or producing abortion pills and surgical tools. Fehrenbacher reminds the reader not only of companies to avoid, but also lists some companies to consider. Recognizing that he cannot spell out every investment, he has developed an astute, but easily discernable criteria for choosing investments. This is definitely a most excellent guide to values-based investing, so that the street investor can put their money where their morals are.
Put your money where your morals are
Published by Thriftbooks.com User , 24 years ago
This is a great book. As in investment advisor my clients have often asked me whether or not their investments agreed with their beliefs. In the past I had to tell them that there was no way to tell. Scott has, in this book, given me the tools to answer their questions. He has helped to better invest my client's money where their morals are. He writes with a lot of experience and concern about where money is invested without being extremist or eccentric. He writes in a way that is down to earth that anyone can understand. I recommend that anyone who has concerns about where their money is being invested read this book. I will use it as a reference for years to come.
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