Yes very true. With all good mutual Funds there needs to be a balance sheet available for investors to study. I was reading this morning that to be a good non profit entity with tax exempt status, the business should be spending at least 66% of revenue on it's charities or mission. and less than 33% on overhead. Maybe the lds church is spending according to those ratios but where they are failing is in the amount going to charity-- .5714% of it's income from tithing on charity annually. That really should be unacceptable. But TBMs think temples for dead people, and cougar football is more important than helping the needy.
This fund delivers above market returns but does not allow any living person to make a withdraw.
The fund also adds the value of intangible returns to it's yield calculation: Smiles, warm-feelings, found keys, and sunny days are all considered investment returns.
NoToJoe (unregistered) Wrote: ------------------------------------------------------- > The funds prospectus gives the following notice: > > > This fund delivers above market returns but does > not allow any living person to make a withdraw. > > The fund also adds the value of intangible returns > to it's yield calculation: Smiles, warm-feelings, > found keys, and sunny days are all considered > investment returns.
This fund provides the male investor with the possibility of entry-level godhood and post-mortem procreation subject to the approval of the celestial corporate continuum. Female investors ineligible.