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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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Today, a few insights about the economy

Commodity prices are falling - driven by both an over-supply of petroleum and slower growth in China. 

Of the E7– “emerging economies” – India looks to out pace the growth of Brazil, China, S. Africa, Russia, Indonesia, Mexico and Turkey. But overall, emerging markets appear to be slipping into recession. The Eurozone is plagued by social unrest over the refugee crisis and mounting economic pressures.

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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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Friday's Handwriting on the Wall posts will feature Chuck's new ChristianPost.com column, Ask Chuck. Chuck will be answering questions about what the the Bible has to say about money. Please share on #financialfridays and submit your own questions here. @AskCrown

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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