Today, I’d like to start a new video series on a timely topic, namely Overcoming Antisemitism By Investing In Your Jewishness.
So, Since October 7, 2023, and especially over the past year, I’ve grown increasingly frustrated with all the antisemitism, protesting, and anti-Jewish propaganda that fills my inbox, TV, and social media feeds. It seems like the world has gone mad, openly supporting Jew hatred and doing mental gymnastics to convince the masses it is a noble cause.
The question many Jews struggle with today is “what can I do to effect change?” Most of us won’t get a spot on Piers Morgan to debate the latest antisemitic ignoramus guest that he decides to platform. Few of us have the debating skills and national profile of Ben Shapiro and Douglas Murray. While it’s important to have articulate advocates representing Israel and the Jewish people, what is the average person’s role in improving the plight of Jews around the world?
I heard an interview with Bret Stephens, a Jewish New York Times columnist, where he offered a poignant challenge to the Jewish community to fight antisemitism. He said to “get 10% Jewier” in their daily lives. He clarified that this doesn’t necessarily have to be through religious observance. Simply embrace and express your Jewish identity in a way that feels authentic to you. That is the role of every Jew. Ultimately, I believe investing in ourselves and our own commitment to Yiddishkeit will strengthen the Jewish community to overcome the current challenges.
In the investing world, there is a concept called “Impact Investing.” This approach aims to align a person’s values with their money and resources. I’ve suggested the following multipronged approach to my Jewish clients who are looking to express their ideals and help effect change with their money:
The way you decide to invest your money: In today’s world, it’s easy to invest your money to benefit Israel and fight antisemitism. You can purchase one of the many Exchange Traded Funds (ETFs) that hold exclusively Israel based companies. You can purchase Israeli bonds. You can also directly buy stocks of Israeli based companies. Furthermore, there are many U.S. based companies with large operations in Israel. By owning their stock, you are also supporting businesses that are benefiting the Israeli economy. There are also investment products on the market now that have the stated objective of investing money in companies that actively fight antisemitism. Another suggestion is to actively invest in companies listed on the BDS website, ones they want to ban for supporting Israel, to counter BDS propaganda.
Regardless of the road you choose, it’s important to work with your financial advisor to determine a strategy that allows you to achieve your goals while supporting the global Jewish community.
In my next video, I’ll share a few other ideas to invest in your Jewishness in order to combat antisemitism.
And with that…I Hope you found this Practical Planning Tip helpful.
Until next time, stay prudent, practical, and don’t forget plan ahead.