Author Topic: Investing for retirement while avoiding usury? (Read 5261 times)

FeeneyFan · « **on:** June 04, 2019, 09:59:44 PM »

I have a 401k that I had from an old job before I converted. I want to rollover this money into investments that would align with the traditional Catholic faith. Unfortunately the “Catholic” mutual funds like Ave Maria Mutual Funds have investments in bank stocks and/or bonds.

I have found a few Moslem firms that offer “Shariah compliant funds” which avoid bank stocks and bonds. However when reviewing the income statement of the companies they invest in they all have interest income listed albeit this is normally not an extremely significant amount.

I really don’t want to have to take the penalty for withdrawing early I would prefer to be able to find an investment that is pleasing to God and not tainted with usurious income but this is proving extremely hard. I have spent much time trying to figure out what to do and it bothers me very much. If anyone could offer some advice it would be much appreciated. Thank you.

Incredulous · « **Reply #1 on:** June 05, 2019, 12:05:50 AM »

       Advice?


         The jews will steal our investments anyway, so focus about your Heavenly bank account.

Pax Vobis · « **Reply #2 on:** June 05, 2019, 12:23:28 AM »

If you want to keep your 401k active, you’ll have to invest in some type of fund that’s connected to the markets...which I believe (at least in the US) are headed for a downturn. If you listen to economists like Peter Schiff or Lynette Zang or Jim Willie, they all say we’re headed for huge market problems - high inflation, market losses and economic chaos.

If it were me, I’d take the hit and cash out and I’d use the $ to buy long-term food, silver, pay off your debts and some ammo. Start planning for turbulent times. Plan for food shortages and maybe worse.

Nadir · « **Reply #3 on:** June 05, 2019, 05:54:14 AM »

You say you are a single guy of 30. Do you own a home? Are you looking to marry? I would suggest property of some sort.

I am not American, so what would 401K buy you?

Stubborn · « **Reply #4 on:** June 05, 2019, 06:14:19 AM »

Roll it over into an online account like Ameritrade or Fidelity or ? and control the whole thing yourself. You can invest in whatever you want, and you can add and withdraw (with penalty) funds as you like.

CathInfo.com

Author Topic: Investing for retirement while avoiding usury? (Read 5261 times)

FeeneyFan

Investing for retirement while avoiding usury?

Incredulous

Re: Investing for retirement while avoiding usury?

Pax Vobis

Re: Investing for retirement while avoiding usury?

Nadir

Re: Investing for retirement while avoiding usury?

Stubborn

Re: Investing for retirement while avoiding usury?