I hope I don't step on any toes here...but I am a trader and family office manager myself. And from experience, it doesn't really matter what the WT invests in...heres the reason. The WT invested in a Hedgefund, the hedgefund takes that money and invests it in a basket of stocks. The WT is usually unaware of what exact companies that fund invests in until after its a matter of record...such as when the WT gets its monthly statement (as shown above in Outlaws Post). An equity hedgefund usually invests its capital in the strongest performing companies (relative strength) at the time, across the nine major sectors; its just how it works. Also, if the WT has deep pockets and the hedgefund purchases most of the offered shares of some company on its behalf, as in the video above, the WT by default owns the majority of the company which is how it is reported to the SEC. So whatever particular companies that particular hedgefund invests in at the time is irrelevent. If the WT got its monthly statement showing that thier money went into a tobacco company (FYI Phillip Morris companies owns more than just tobacco manufacturing), we might wonder, would it have bothered someone's conscience in the WT accounting department enough to report it and have those shares immediately sold on the open market? Its a slipery slope at best.
A hedgefund's sole purpose is to hedge risk and make money. It is considered earned income and therefore must be reported to the IRS at the end of the year and taxes must be paid, unless, its in a retirement/pension/401k type account (which eventually has to be taxed anyway on monies withdrawn from that account). Either way...my question was, if the WT is a religious organization and is tax exempt (non-profit); then how can they get away with a profitable venture? Well, I did a little more research and found out that as long as that money goes into something that furthers charitable work, then taxes do not have to be paid on it. That's why the WT can also invest in real estate as long as its used in furthering its charitable work (e.g. housing workers, holding assemblies, selling it's buildings for cash).
So now we just have to ask ourselves, is religion (in this case the WT) considered a charitable cause? Well, according to our government it is. However, it still does not change the fact that the members that make up the JW religion are ran by high control cult-like practices. And as long as people live under the illusion of what they believe freedom to be, there will always be a religion that takes advantage. In otherwards, if you want to make money and keep every penny you make under the protection of your nation's law, start your own religion.