OPINION: Want to beat the stock market? Avoid debt, stop over-trading and invest in companies with diverse leadership.
Wall Street is so full of greed, fraud and ego, a cynic might say it’s no place for any kind of spirituality to find a home.
Here’s a look at investing concepts you can borrow from this fund to boost your returns and, who knows, get more peace of mind in the process. This rule keeps the fund out of notoriously volatile areas like basic materials, real estate, telecom and banks. This means the fund bounces around less than the S&P 500 SPX, +1.04%, the Dow Jones Industrial Average DJIA, +1.43% and Nasdaq Composite COMP, +0.66%. The Amana Growth Fund is one of the least-volatile funds in its category, says Morningstar analyst David Kathman.
Because Islamic law discourages speculation, excessive portfolio trading is out at the Amana Growth fund. It has a decidedly long-term approach. The average holding period is greater than 10 years. It has held Apple AAPL, +0.24% since maybe before you were born — the early 1990s. “But they have a tremendous long-term double-digit earnings growth track record,” says Klimo. “We still like the story long term.” Near-term, Intuit would get a boost if Joe Biden becomes president in January, which would bring lots changes to federal tax laws, in turn supporting demand for its products.
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