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God’s word has a lot to say about finances, in fact, there are more than 2,300 verses in the Bible on the topics of money and possessions!

God did not leave us alone to fight all the financial pressures and challenges we face without His wise guidance and trustworthy principles.

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What to do in a Booming Stock Market

Originally posted on the Christian Post on March 3

To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity.

 

Dear Chuck,

Every time I turn on the news, I hear reports about new record highs in the stock market. I have some stock investment, but wondering if I should go bigger. Is there something I should be doing to take advantage of the energy in the stock market?

Stock Market Newbie

Dear Newbie,  

Great question! With a recent report in The Balance noting that the Dow Stock Market “has set 24 new record closing highs since the 2016 Presidential election,” many people are wondering the same thing.  No doubt, the market is riding a surge in optimism at the moment! The Goldman Sachs Risk Appetite Indicator hit its historic high in early 2017.

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Are you Investing or Gambling?

Originally posted at Christian Post April 1, 2016.

To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck,

What is your take on "investing" in money market funds? Is this not a different way of gambling which is forbidden by the Bible? I will love to see your take on this.

Curious.

 

Dear Curious,

I have no problems with money market funds or other legitimate means of investing. Your question, one that I frequently receive, is to understand the difference between gambling and investing.

The difference between these two is vast but can be confusing, especially for those who don’t regularly engage in either, because there is risk in both.

At the heart of it, gambling is based upon chance, and all must lose for one to gain. But investing is based upon knowledge and all have the opportunity to win.

Both involve risk, but only investing allows equal opportunity for all to benefit. For instance, if you buy stock in a company that makes a good product, the customers who buy the products win if the product is beneficial to them, the company that sells the products wins as their profitability increases and you as an owner of the company win as the value of the company increases.The risk you take is based upon the performance of the company and you can use knowledge to decrease your risk.

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As a timid investor, is it safe for my family to put money in the stock market?

Chuck Bentley on 1/22/16 8:30 AM

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Originally posted at Christian Post January 22, 2016.

Dear Chuck,

So far this year, the stock market seems very volatile. My husband and I have some stocks and certainly in most retirement accounts including ours, stocks play a role. I’ve been concerned about the impact of China’s stock problems, which have been much in the news, and I’m wondering if you have any advice on how to invest in the stock market and whether it’s wrong to be there at all. As a timid investor, is it safe for my family to put money in the stock market?

Struggling with Stocks

 

Dear Struggling,

You are not alone in wondering whether the stock market is a safe investment these days. Whether it is the recent turbulence caused by fears over China’s credit bubble or the next one to come, there will always be uncertainty when investments are involved.  Therefore, when it comes to handling investments, my first and best advice is to educate yourself. As it notes it Proverbs 4:7, “The beginning of wisdom is this: Get wisdom. Though it cost all you have, get understanding.” (Emphasis added.)

Before you decide how and even whether you should be involved to be in the stock market, consider this:

First: Understand your Finances. Evaluate your own personal balance sheet, which includes your income, your assets, your obligations (your bills) and your debts. Too many of us are uninformed about our true financial picture. In the Proverbs we are advised: “Be sure you know the condition of your flocks, give careful attention to your herds; for riches do not endure forever, and a crown is not secure for all generations.” You can think of “a crown” as a job, which may end, and the flocks as savings and investment as livestock had value. Even kings need to know what’s in the bank.  

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