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Cow Poke
05-28-2015, 11:54 AM
I have a 401(k) from a secular employer when I was with a gas compression company as chaplain, as well as quite a few other hats I wore.

I also have a 403(b) from my years in Church work with various Churches and religious institutions. The 403(b) is managed by Guidestone, who handles retirement accounts for Southern Baptist Ministers.

I have been considering rolling my 401(k) into my 403(b) because there are ministerial tax advantages to the 403(b) that are not available in the 401(k) at time of retirement.

My concern was that the performance of the 403(b) might not be as robust as my 401(k), due to the fact that the 403(b) is based on "Socially Responsible Investing". They don't invest in "sin" stocks - alcohol, tobacco, pornography, etc.

I was pleasantly surprised to see that Lipper, in particular, and other evaluators, seem pretty impressed with Guidestone's performance. (http://www.dallasnews.com/business/columnists/will-deener/20120408-guidestone-funds-finds-success-while-avoiding-sin-stocks.ece)

Socially responsible refers to the fact that GuideStone’s 32 fund managers are prohibited from investing in companies involved with liquor, tobacco, gambling, pornography or abortion industries.

All fund managers are given a list of some 300 companies that must be avoided because of their involvement in those activities. In other words, they are all singing from the same songbook. Sorry, I couldn’t resist.

Now here’s where it gets dicey from an investor’s perspective. Many investment managers believe they must hold some so-called sin stocks, such as giant tobacco and liquor companies, or their performance will suffer.

Sin sells and socially responsible funds struggle to keep pace with their wicked brethren, or at least that’s what many investment managers think. Well, Brother Cummins begs to differ, and he has some facts to back that up, and a sparkling new award trophy from Lipper, too.

GuideStone Funds recently received the prestigious Lipper Award for “Best Overall Small Fund Group” for its consistently strong investment performance across broad asset classes. The designation “Small Fund” refers to the amount of assets managed by the GuideStone fund family. Lipper also gives a similar award to the big fund families like Fidelity and Vanguard.

Regardless, I HIGHLY advise any of our younger Twebbers --- this whole "retirement thing" comes at you WAY faster than you can imagine, and even SMALL amounts invested now can make a HUGE difference when the time comes.

Cerealman
05-28-2015, 05:58 PM
I have a 401(k) from a secular employer when I was with a gas compression company as chaplain, as well as quite a few other hats I wore.

I also have a 403(b) from my years in Church work with various Churches and religious institutions. The 403(b) is managed by Guidestone, who handles retirement accounts for Southern Baptist Ministers.

I have been considering rolling my 401(k) into my 403(b) because there are ministerial tax advantages to the 403(b) that are not available in the 401(k) at time of retirement.

My concern was that the performance of the 403(b) might not be as robust as my 401(k), due to the fact that the 403(b) is based on "Socially Responsible Investing". They don't invest in "sin" stocks - alcohol, tobacco, pornography, etc.

I was pleasantly surprised to see that Lipper, in particular, and other evaluators, seem pretty impressed with Guidestone's performance. (http://www.dallasnews.com/business/columnists/will-deener/20120408-guidestone-funds-finds-success-while-avoiding-sin-stocks.ece)

Socially responsible refers to the fact that GuideStone’s 32 fund managers are prohibited from investing in companies involved with liquor, tobacco, gambling, pornography or abortion industries.

All fund managers are given a list of some 300 companies that must be avoided because of their involvement in those activities. In other words, they are all singing from the same songbook. Sorry, I couldn’t resist.

Now here’s where it gets dicey from an investor’s perspective. Many investment managers believe they must hold some so-called sin stocks, such as giant tobacco and liquor companies, or their performance will suffer.

Sin sells and socially responsible funds struggle to keep pace with their wicked brethren, or at least that’s what many investment managers think. Well, Brother Cummins begs to differ, and he has some facts to back that up, and a sparkling new award trophy from Lipper, too.

GuideStone Funds recently received the prestigious Lipper Award for “Best Overall Small Fund Group” for its consistently strong investment performance across broad asset classes. The designation “Small Fund” refers to the amount of assets managed by the GuideStone fund family. Lipper also gives a similar award to the big fund families like Fidelity and Vanguard.

Regardless, I HIGHLY advise any of our younger Twebbers --- this whole "retirement thing" comes at you WAY faster than you can imagine, and even SMALL amounts invested now can make a HUGE difference when the time comes.
Our Econ teacher already gave us this talk.