Faith-based planning

All financial planning is faith-based. Faith that past performance will be at least somewhat indicative of future returns.

The National Christian Financial Advisors take it to a new level. There’s a short blurb in Investment News that discusses their approach to financial planning:

“We advise clients from a Christ-centered standpoint and put together a financial plan for them,” said Hakeem J. Webb, senior investment adviser at NCFA.

…[Hakeem] likened the importance of casting bread upon the waters - which is a symbol of money - to diversifying money into many investment buckets.

Harry Markowitz—brilliant economist or biblical plagarist? I guess modern portfolio theory isn’t so modern after all.

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