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One percent

Church of England in the wrong business?

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The CofE don't really do god these days but have found a new calling, making money

http://www.bbc.co.uk/news/business-39993739

from the article:

The Church of England's investment success has pushed it into the top ranks of the world's best performing funds of its type last year.

And

The fund made a 17.1% on its 2016 investments, more than double the 8.2% it made in 2016, according to the Church Commissioners annual report. 

The Church Commissioners described it as a "stellar outturn".

The body is charged with managing the Church's assets in order to produce money to support its work.

Last year's performance means the fund has returned 9.6% a year for the past 30 years on average.

 

shame they don't do confessional like the Catholics, if they did you could ask for financial advice as you atoned for your sins. xD 

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2 hours ago, One percent said:

The CofE don't really do god these days but have found a new calling, making money

http://www.bbc.co.uk/news/business-39993739

from the article:

The Church of England's investment success has pushed it into the top ranks of the world's best performing funds of its type last year.

And

The fund made a 17.1% on its 2016 investments, more than double the 8.2% it made in 2016, according to the Church Commissioners annual report. 

The Church Commissioners described it as a "stellar outturn".

The body is charged with managing the Church's assets in order to produce money to support its work.

Last year's performance means the fund has returned 9.6% a year for the past 30 years on average.

 

shame they don't do confessional like the Catholics, if they did you could ask for financial advice as you atoned for your sins. xD 

Now that is divine! O.o

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The, um, devil is in the detail.

Back in the 80s the Church Commissioners were being slaughtered for buying huge tracts of muddy land for development that they lost loads of money upon when the property market crashed in 1988.

Since then that land will have been shooting up in value and dragging the rest of the portfolio up with it.

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