Today on the first day of summer, Monday, June 20th, 2016 we at Triumphant Portfolio Management have expanded our official “Restricted List” of companies that will NOT be invested in within our managed equity portfolios.
This announcement was made public by our TPM President & Founder, James Jon Benet, who added…
“today, on the day which has the most sunlight all year, it is appropriate that we ‘shine the Light’ of Christian faith & morality on companies whose business practices include activities/services/products that are offensive to our faith and values and that ultimately are destructive to our communities. With today’s additions, our restricted list has grown to almost 200 publicly traded stocks found within 8 distinct categories.
As an example, one of the companies is a chain of so-called “restaurants” or “gentlemen’s clubs” with facilities in several states. Give me a break! No gentlemen or respectful man would go into their facilities. Call it what it is… they are strip joints. This type of activity is deplorable, unhealthy and an obvious sexual exploitation of women. This is nothing more than a form of legal prostitution. In my opinion it is unconscionable that this is even a publicly traded stock. It and other stocks like it will be vehemently & purposely avoided from our TPM buy list. We are called to ‘be in the world, but not of it’, and I believe that includes our money.”
Where Are Woodward and Bernstein When We Need Them? This article was written by Newt