It can be tempting to borrow money for investing. When the market goes up, additional returns can be obtained through the use of debt. However, when the market goes down, I’ve seen many cases where the results were disastrous.
it is biblical to assume some investment risk but be sure to diversify your investments because we do not know what will happen to any particular market sector or the economy. Biblical diversification should reduce the volatility and risk of your portfolio resulting in reasonable long- term returns.
God’s approach is different - the emphasis in scripture is to save and invest a little at a time over a long period and not to try to make a lot of money quickly.
When it comes to investing, hasty decisions are usually bad decisions. Proverbs 21:5 says: “The plans of the diligent lead to profit as surely as haste leads to poverty.”
seek several sources of godly investment counsel, review the biblical investment principles yourself and then prayerfully discern what God wants you to do.
1 min
About Investing
From the publisher's feed
The best investment today depends on future events, and because no human can consistently predict the direction of any market, it’s critical to acknowledge our dependence upon God.