'Socially responsible' fund drops Starbucks, citing whiskey drink

AP ^ | 3/23/5 | ELIZABETH M. GILLESPIE

[SmithL]

Ha! This is way too funny. It proves that nobody can be PC enough.

[E. V. Republitarian MD]

A mutual fund company that invests only in businesses it deems socially responsible.

That has got to be the STUPIDEST investment strategy ever known in the history of mankind. Everyone of the "investors" (and I use the term loosely) in that fund needs to be sent a copy of Atlas Shrugged, The Wealth of Nations, and Basic Economics by Thomas Sowell.

Sometimes I really think I went to sleep one night and magically woke up in Bizarro World... honestly.

[SIDENET]

What a bunch of PC weenies! LOL.

[DGray]

"Founded in 1971, the Pax World Funds family includes holdings in companies that sell goods and services which fund managers feel improve the quality of health care, technology, housing, food, education, pollution control, utilities and leisure activities."

Alcohol certainly improves the quality of my leisure activities. What's Pax World Funds' problem?!

[unixfox]

God wanted man to be happy that's way he invented beer! And liquor!

[SLB]

You have expressed your opinion, which is your right to do. Are any of you directly effected by this move? Do you have any oney invested in Pax? If not, you don't have a dog in the fight, so run on home now.

[Syncro]

They seem to be emulating these fanatics

[Warlord]

"... sent a copy of Atlas Shrugged, The Wealth of Nations, and Basic Economics by Thomas Sowell."

Replace Rand with Schumpeter.

[DGray]

Wow. Touchy, are we?

[hispanichoosier]

How about socially irresponsible investing? Check out the Vice Fund! http://www.vicefund.com

[Syncro]

Do you have oney invested in PAX?

PAX doesn't have any ties to dogs, but this is a forum for commenting on issues such as this.

[RightMike]

Count me as someone who agrees with their decision. God bless them for standing up for what is right. PC my butt.

[Redcloak]

Hmmm...

Thanks for the tip!!

[SIDENET]

Are any of you directly effected by this move

No. I can't say that I was affected.

Lighten up, Francis.

[E. V. Republitarian MD]

1. PAX doesn't invest in dogs. Therefore, no one has a dog in the fight. I do have some stocks in the fight however.

2. I don't have to run home, I'm already there.

3. I do own Starbucks stock, as well as shares of other mutual funds who invest in Starbucks... so as a matter of fact, I did loose money (on paper) today based on this IDIOTIC investment strategy. In the long run, my investments will be fine, but I reserve the right to call the idiots who run PAX, well, IDIOTS.

4. We are here on FR for the express purpose of discussing issues such as this. Geesh...

[E. V. Republitarian MD]

Replace Rand with Schumpeter.

OK, how about both... they really could use all the help they can get... lol.

[nothingnew]

Doesn't bother me. All my money is invested in Defense, Weapons,Tobacco,Liquor,Gambling ULTD FUNDS.(DWTLG Investments)

FMCDH(BITS).

[Chode]

the FM is just reflecting what his clients want to invest in... that was the whole point of starting the PAX fund in the first place... to get the best return they can on stocks that FIT their faith/lifestyle not just stocks with the best ROE

[SmithL]

There are a great many thing in this world that I find amusing, most of which I would never consider putting my own money into. That includes not only most of Starbuck's corporate appeasement of the looney left, but also the entire concept of the Pax fund. If you don't like my unfunded involvement in this silliness, you may either ignore me, or run home yourself. That's the glory of free expression.
:-)

[4thInfVet]

hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahah..........!