Faith plays a major role in many Americans’ lives, affecting their outlook on morality, politics and even â€“ according to a new study â€“ investing.
The study, conducted at the University of Georgia and Southern Methodist University, found that the predominant religion in a community affects the decision-making process of mutual fund managers in that community, specifically when it comes to risk.
Mutual funds in counties with larger Catholic communities tend to embrace risk more than those in majority-Protestant counties, the study found. Earlier studies have found that Catholics are generally more prone to take speculative risks than the average population, while Protestants are more risk-averse than the average population.
The findings, which will be published next month in the academic journal Management Science, could help provoke a re-evaluation of how investing works, its authors said….[Rest of article]
Catholics are less risk averse? Must be all of that bingo…
I’ve been busy and neglecting the blog the last few weeks, but have taken the time to check out a couple of new stock picks–both being pretty good-sized companies.
First up is CNH Global NV (CNH), which mostly manufactures agricultural and construction equipment around the world. The other one is Delek US Holdings Inc. (DK), which has been doing well all year–I wish I had discovered it sooner, and I hope it still has some returns to give.
I’ll be dividing my purchase funds equally between the two.
…wherein history is made today, because for the first time in the 6-year history of this blog…I am making no recommendation.
My methodology is to run my screen and then sort the results by sales volume. I like looking through the “lower volume” possibilities, figuring that this is where the “nuggets” can be found. This time around though, everything showing up on the screen was something I had already owned. I just wasn’t finding anything new and exciting.
So, I’m going to pass.
We’ll look around again in a few weeks.