Elon Musk’s agreement to buy Twitter is a warning shot for companies that ignore calls to end selective censorship practices. Today on MoneyWise, we’ll talk about that and how you can join the fray with investing expert Robert Netzly.
Robert Netzly is the CEO of Inspire Investing, an underwriter of this program.
Netzly talks with Rob West about the Twitter news and points out that the social media giant isn’t the only company facing a backlash these days.
Florida Governor Ron DeSantis is taking Disney to task after the company waded into politics and took sides with LGBT activists against a new parental rights law.
You may not have the clout that a billionaire or a governor has, but you can have clout by joining with hundreds of thousands of others that share the convictions and beliefs that you want to be reflected in the corporations you invest in.
STANDING TOGETHER
Netzly says we can change companies, but we can’t do it alone. We need to stand together in one voice.
The potential power of biblically responsible investing is enormous. Christians and people of faith represent $21 trillion worth of stocks, bonds, mutual funds and ETFs in retirement accounts. which is immensely more than the $44 billion Elon Musk paid for Twitter.
Together we can vote with our dollars and endorse good companies and engage the not good to change.
Inspire is leading the charge to urge companies not to steer away from Christian or just traditional family values. One example of this is Smuckers. This is a major corporation with a long tradition of family-friendly values but appears to be caving to political pressure. Inspire is encouraging Christians to sign a petition at inspireinvesting.com/smuckers to urge Smuckers to stay true to its longstanding principles.
But Netzly says it’s also important to proactively support and invest in companies that are following biblical principles and making the world a better place.
GET INVOLVED
To learn more about biblically responsible investing and to get involved in this movement, visit Inspire’s website at InspireInsight.com.
On today’s program, Rob also answers listener questions:
● What should you do with a lump sum of money just before retirement after paying off your mortgage?
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