What Would Jesus Do About Wall Street?

Mentioning Jesus in the same sentence with Wall Street is borderline heresy.

The holy-rollers are gonna hate this email.

However, after reading about the recent launch of an ETF that supposedly focuses on “Biblically Minded” companies, I felt compelled to speak out.

Here’s a quote from the Inspire Global Hope Ex-US Index fact sheet:

The Index intends to track the price movements of a portfolio of 200 of the most inspiring, biblically aligned large cap companies outside of the United States, as determined by Inspire’s revolutionary Inspire Impact Score methodology which measures a company’s positive impact on the world.

Huh?  (Typical Wall Street BS)

Is it just me or do you find it hard to imagine how a “Revolutionary Impact Score Methodology,” measures a company’s positive impact on the world?

Call me skeptical, but how do you qualify a company’s positive impact on the world?

Unless you’re a not-for-profit organization, it’s hard to believe there are 200 “large-cap” companies (Large Cap = $5 Billion in size) not focusing on making money.

Adding insult to blasphemy the ticker symbol for this new ETF is WWJD.

Just seeing that ticker symbol makes me think of Jesus with a whip in his hand lashing at the money-changers, kicking over their tables, while they scramble to get out of His way and try to recoup their doves freed from their cages.

For the last several years we’ve written why we hate most ETF’s.  More importantly why most investors will get crushed by them when things get dicey. (They’re free on our site by clicking:  ).

Oh, by the way!

Jesus Was a Capitalist…And Socialists Hated Him Back Then Just Like They Do Today.

Read about it in our October “…In Plain English” newsletter.