The stock market has plunged over the past year, and everyone wants to know if it has hit bottom, yet. I have no idea, and I do not have much confidence in anyone else’s opinion on the matter, either. Americans want to consume more than they produce, and we have an economically incompetent government. Who knows how much the market can bear even as a bear?
However, if you suspect that it can only get better, then it is time to purchase stocks when they are cheaper. If you do not have your own broker, you may wish to build your own portfolio with TradeKing or ING Direct’s ShareBuilder. Some companies even sell stock directly, usually through an automatic monthly share purchasing program in which you can enroll.
If you would rather invest in a mutual fund, then you may wish to consider Ave Maria Funds. I invested a bit in the Ave Maria Growth Fund (AVEGX) and in the Ave Maria Catholic Values Fund (AVEMX) four years ago, and until last year, I was pleased with the return. However, I am back to three quarters of my initial investment because the market’s dive in A.D. 2008 wiped out half of my funds’ worth. Hopefully, it will bounce back.
The Ave Maria Funds are like any other mutual fund except that the investors do not purchase stock in companies that violate the basic social teachings of the Roman Catholic Church. They do not purchase stock in companies that support or profit from abortion services, abortion rights political activities, pornography, and attempts to undermine traditional marriage. So, if you are concerned about indirectly promoting the enemies of civilization through your investments, Ave Maria Funds might be for you.
The Schwartz Investment Council handles the Wall Street element, while the Roman Catholic advisory board includes all around intellectual Michael Novak, economist, investor, and National Review’s editor Lawrence Kudlow, Domino’s Pizza founder and philanthropist Thomas Monaghan, Eagle Forum’s Phyllis Schlafly, Notre Dame coach Lou Holtz, and the Latin Archbishop of Detroit Adam Cardinal Maida. The investors simply exclude the companies that the advisory board marks as unsuitable, and they manage the funds accordingly.