Roundtable Discussion – Stock Market Questions
Recently at a New England Storehouse meeting (N.E.C.A.P.), Maja Corlett asked the simple question: Is investing in the stock market gambling? Is it sinful?
It prompted a good conversation. Tomorrow Maja will join us and we will broaden and continue that conversation. Some of our leadership will share their perspective (Gary Crawford, Gregg Healey, others).
For the part 2 to this discussion see : Stock Market Alternative
We are a learning community led by the Holy Spirit. All questions and perspectives are valid. We will endeavor to share and teach on the New Breed of Business biblical understanding of the stock market as part.
Questions
Investing in the stock market gambling?Investing in the stock market sinful?Investing in the stock market wise?Should I use a financial planner?If I have a 401k or IRA, what can I invest in other than the markets?What are the alternatives to investing in the Stock Market?If we come out of the stock market, should we stop paying taxes?BYO (Bring Your Own Questions)Stock Market Fundamentals
When you buy stock, you legally become a partner in that companyWhen you buy index funds, ETFs, mutual funds you are legally partnering with many companies simultaneously, but it is somewhat obscured by the fact it is one level down in an investment structureFinancial markets are driven up and down by many forces (fundamentals, technical, future growth prospects), but those forces include fear and greedCompanies are either privately owned, or “publicly traded”. If they are publicly traded, they are part of the “stock market”Investors in the stock markets include: individuals through apps (eg, Robinhood), individuals through stock brokers and financial planners (eg, Morgan Stanley), pension funds, endowments, insurance companies, banks, governmentsPremise that the stock market will always go up, sometimes referred to as a buy and hold strategyStock Market Trends
Depersonalization of investing and governanceLeverage buyouts, financial sponsors, distressed investingEPS driven governanceWhitewashing moral ethical shortcuts in name of “shareholder’s interests”Codifying Milton Freedman’s phrase “the business of business is business”Removal of God and religion from “business” in publicly traded companiesCorporate adoption of secular values and causes fill void – BDS, ESG, Pride, ChoiceBiblical Considerations
Free-will / freedom – Gal 5:13Be careful with who you form partnerships – 2 Cor 6:14-18Come out of Babylon – Rev 18:4Do not profit from the poor – Prov 22:16; Ezek 22:29Rest from labors every seven years – Deut 25:4Remember the Sabbath day, to keep it holy – Exodus 20:8Do not charge interest to fellow believers and the poor – Deut 23:19Commonly Accepted Business Practices
Customer Service departments trained to extract revenue, given little authority to help peopleCell Phone Companies – cut off service; won’t extend credit to the poor; people in financial difficultyCable Companies – hidden fees, practices designed to enslave poor and elderly people with large monthly billsHospital billing practicesBank loan interest and fee practices for the poorCredit card companies practices of capturing people in fees and interestPharmaceutical company predatory pricingTechnology companies data ownership legal practices maintaining rights to terminate services / social networksStock Market Lingo
Bulls and BearsAnimal SpiritsFear and GreedFOMO (Fear of Missing Out)Stock tipInsider tradingNon-public informationMutual FundsETFsLong and shortDay TradingHedge FundsFactors to Consider
Have Wall Street and the Stock Market become part of Babylon?What if the US financial markets are being judged through several more waves of trouble / crashes?The debt load is growing and is unsustainableBabylon enslaves people in its economic systemThe US pioneered financial markets (capitalism) have becoming more corrupted, yet more widespread, representing 70% plus of the US and Western economiesRevelation 18 is an economic description of this coming judgment and destructionRevelation 13 points to a day of not being able to buy and sell in the nations of the world unless you pledge yourself to be a member of the system (worship, bow to the statue of Neb/ Antichrist)Concentration of powerConcentration of wealthall roads in success in usa funded through VC, PE, individual investors lead to IPO stock market or sale to publicly traded companyProphetic encounters regarding Investing
“Before I invest in something, I invest in someone”“Giving + Blessing = Enterprising”“This is the beginning, not the end” (regarding the 2008 financial crisis)“I care more about how you make your money, than what you do with it”Alternative to Stock Market
What are the alternatives to investing in the publicly trading of stocks and financial markets (credit based financial systems)? Read more about the “Storehouse Vision” here.
Background Discussions/Pages
GameStopGameStop Part 2Watch JapanPennies on the DollarFinancial Market UpdatePrecious MetalsCome out of BabylonGreat testimony God meeting financial needs
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