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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 02:48 PM Original message |
Church Capital fund ... Faith-Based Investing. |
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mod mom (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:06 PM Response to Original message |
1. Is this a religious based ponzi scheme? |
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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:23 PM Response to Reply #1 |
6. With 7.35% promised for tax free revenue (from tithing) it sure could be ... |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:26 PM Response to Reply #6 |
9. The interest isn't tax free. nt |
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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:28 PM Response to Reply #9 |
11. That is what I was wondering about. Did you find info on that? |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:30 PM Response to Reply #11 |
12. I have my savings with a similar program. I get 1099s on my interest, |
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rrneck (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:09 PM Response to Original message |
2. Coming soon |
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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:26 PM Response to Reply #2 |
10. Ya, greed with a halo .... |
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gratuitous (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:11 PM Response to Original message |
3. If you're interested in socially responsible investing |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:12 PM Response to Original message |
4. More Religious Tax Exempt BULLSHIT! |
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Doctor Cynic (965 posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:20 PM Response to Original message |
5. Their accounting and investment strategy will also be faith based. |
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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:24 PM Response to Reply #5 |
7. Faith based accounting ..... now that sounds REAL bad .. |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:25 PM Response to Original message |
8. I actually have my emergency fund in a fund with my own denomination |
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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:33 PM Response to Reply #8 |
13. 1.25% mm and 2.75% CD would seem right .... but 7.35% ? |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:34 PM Response to Reply #13 |
14. Yeah, the more I think about it, the more I can't figure how they're pulling interest |
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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:39 PM Response to Reply #14 |
15. Return is generally correlated to risk ..... where is the risk? |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:44 PM Response to Reply #15 |
16. Or why would the risk be so different, |
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ColbertWatcher (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:47 PM Response to Original message |
17. You'd think with all those buildings they could house a few homeless people. |
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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:49 PM Response to Reply #17 |
18. Maybe laundering "loan $$ into Conservative PAC's?" |
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ColbertWatcher (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:58 PM Response to Reply #18 |
19. The GOP has found all sorts of ways to funnel tax payer's money to their interests. n/t |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 03:58 PM Response to Reply #17 |
20. We often complain here that only 5 churches out of the 35 in town |
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TWiley (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:10 PM Response to Reply #20 |
21. We have well over 100, with 3 "soup kitchens" and 2 food pantry's |
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ColbertWatcher (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:18 PM Response to Reply #20 |
22. "But most are too busy gettin' into heaven" QFT. n/t |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:25 PM Response to Reply #22 |
23. QFT? nt |
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ColbertWatcher (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:43 PM Response to Reply #23 |
24. Quoted for truth. |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:44 PM Response to Reply #24 |
25. Ah, thanks! nt |
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ColbertWatcher (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:46 PM Response to Reply #25 |
27. Thank you, I may even use it! n/t |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:44 PM Response to Original message |
26. From what I have experienced this is not the only church denomination |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:54 PM Response to Reply #26 |
28. We do something similar in the UCC, although, the asking of |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 04:57 PM Response to Reply #28 |
29. I should clarify - they did not demand we move to their bank but told |
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DU AdBot (1000+ posts) | Thu May 02nd 2024, 01:33 AM Response to Original message |
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