The pro-life and pro-abortion platforms have both received extra attention during this election season, especially in October, Respect Life Month.
For example, the Hyde Amendment, a law that protects taxpayers from paying for abortions against their will, recently celebrated its 40th anniversary, and it is estimated that 2 million lives have been saved by the law. On the flipside, however, Planned Parenthood, the nation’s largest abortion provider, recently “celebrated” a 100-year milestone of its own.
But what does this have to do with finances and investing? Plenty.
Christians should know how they can honor God with their money, not only through spending and saving, but also through investing.
Recently, the group 2ndVote.com updated its list of 37 companies that have directly funded Planned Parenthood. Celia is specifically calling out six firms from the financial sector, alerting investors to pull their money from these funds until their investment policies change.
From the list of companies that support Planned Parenthood, a half-dozen stand out. American Express, Bank of America, Deutsche Bank, Morgan Stanley, Progressive Insurance and Wells Fargo are big players in the financial sector, and investors should know how their money is being spent. Companies throughout this industry could be leading us into the next recession, so therefore, it’s crucial that every American pays close attention to where their money is going, who is handling it and how. Christians, in particular, should be very concerned if their hard-earned income is being funneled into organizations that not only tear down society, but are also extremely displeasing to God.
By researching the organizations that these companies support, I encourage those who strive to be biblically responsible with their investing to sell these stocks based on the company’s involvement in immoral or anti-biblical issues, such as having stake in Planned Parenthood funding, pornography, same-sex marriage or other matters that should be very concerning to Christians.
As we consider being biblically responsible with our money—which comes from God in the first place—and when we think about doing what is right, we must consider all aspects, from buying items in the checkout line to purchasing stock to owning mutual funds. As Christians, we must carefully and prayerfully consider how we are handling God’s money. In these uncertain times, we must get it right in every possible way and, in particular, be biblically responsible in everything—especially our finances. It will take us being determined to fight against the things that dishonor God, and that includes investment in companies that dishonor biblical principles.
Think of what would happen if we all sold out of the mutual funds that are not biblically responsible or do not align with our biblical values. There would be real change in corporate America regarding how companies spend and protect their stockholders’ money. This is exactly why we at Financial Issues Stewardship Ministries advocate biblically responsible investing, which takes a total commitment from the body of Christ.
Dan Celia is President and CEO of Financial Issues Stewardship Ministries, Inc., and host of the nationally syndicated radio and television program “Financial Issues,” heard daily on more than 600 stations across the country and reaching millions of households on the National Religious Broadcasters Network, BizTV and Dove-TV. To learn more, visit www.financialissues.org.