My Religion Won't Let Me Invest In The S&P 500

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 7 April 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.7	All right, Jeff is up in Atlanta, Georgia.
0:15.8	Jeff, how can we help today?
0:17.4	Hello, so my question is, first of all, thanks for having me on the show. You bet. I have a
0:22.5	question that I don't think has been asked before, but so I want to, I can't invest in the S&P 500 and
0:28.1	other similar ETS because of religion reasons. So should I create my own diversified portfolio?
0:35.2	Okay, I have questions. Okay. What is the, and I don't want to, I want to be very
0:41.8	sensitive in how I ask this question. What is the spiritual or religious, actually sounds spiritual,
0:48.8	I'm going to call it, what is the religious reason that you cannot invest in the S&P, 500?
0:55.5	So the reason is I'm Muslim and I'm not allowed to invest in any companies that involve
1:02.1	alcohol, gambling, adult entertainment, all those days.
1:05.6	Totally caught up now.
1:06.7	Okay, because I'd not heard that before, but that makes, I get it.
1:10.5	So tell us what you're thinking.
1:12.7	I want George to be able to hear this.
1:14.1	What would be your diversified stock strategy?
1:16.8	So first, I found another ETF that pretty much pulls from the S&P 500, but excludes the
1:25.8	company that do the gambling and alcohol and all that stuff.
1:28.9	Okay.
1:29.4	But the problem with that is the expense ratio is so much more higher than it would be for
1:35.2	investing in the S&P 500.
	...

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