Comments on: What Does the Bible Teach About Investing? http://www.moneyhelpforchristians.com/what-does-the-bible-teach-about-investing/ Frugal, Simple, Debt-Free Living, and Generous Giving Sat, 11 Feb 2012 21:06:49 +0000 hourly 1 http://wordpress.org/?v= By: Craig http://www.moneyhelpforchristians.com/what-does-the-bible-teach-about-investing/comment-page-1/#comment-1159 Craig Wed, 16 Dec 2009 19:56:09 +0000 http://www.moneyhelpforchristians.com/what-does-the-bible-teach-about-investing/#comment-1159 Kevin, I think that you are exactly right. One of the key issues is the amount of risk you take. Also, as you point out, the motivations (desire to get rich quick) also play an important role. Thanks for your comment. Kevin,
I think that you are exactly right. One of the key issues is the amount of risk you take. Also, as you point out, the motivations (desire to get rich quick) also play an important role.
Thanks for your comment.

]]> By: Kevin@OutOfYourRut http://www.moneyhelpforchristians.com/what-does-the-bible-teach-about-investing/comment-page-1/#comment-1158 Kevin@OutOfYourRut Wed, 16 Dec 2009 18:42:47 +0000 http://www.moneyhelpforchristians.com/what-does-the-bible-teach-about-investing/#comment-1158 I think there's crucial line between true investing and get-rich-quick. The differences should be self-evident, but in modern society the line is often obscure. Investing is developing a strategy for the preservation of capital and for growing it over time. We all need to do this to be good stewards of our money, especially since what we think of as our money is often what we're holding and investing for the benefit of others. Get rich quick often looks like investing, especially when it seems to be working. But it's really the chase for money for money's own sake, and there are a whole bunch of unholy traits that go along with that chase. In the financial media, it's all about return--this mutual fund is up 117% in five years, that fund has an average annual return of 17.49%--that's a money chase because it ignores the ups and downs along the way and appeals to greed. Safety of principal or predictability of returns is nowhere in any of those numbers. It's really a speculation if it's all about return, and I don't think that's biblical. .-= Kevin@OutOfYourRut´s last blog ..<a href="http://outofyourrut.com/blog/2009/12/14/face-the-future-informed-and-without-fear/" rel="nofollow">Face the Future Informed and Without Fear</a> =-. I think there’s crucial line between true investing and get-rich-quick. The differences should be self-evident, but in modern society the line is often obscure.

Investing is developing a strategy for the preservation of capital and for growing it over time. We all need to do this to be good stewards of our money, especially since what we think of as our money is often what we’re holding and investing for the benefit of others.

Get rich quick often looks like investing, especially when it seems to be working. But it’s really the chase for money for money’s own sake, and there are a whole bunch of unholy traits that go along with that chase.

In the financial media, it’s all about return–this mutual fund is up 117% in five years, that fund has an average annual return of 17.49%–that’s a money chase because it ignores the ups and downs along the way and appeals to greed. Safety of principal or predictability of returns is nowhere in any of those numbers. It’s really a speculation if it’s all about return, and I don’t think that’s biblical.
.-= Kevin@OutOfYourRut´s last blog ..Face the Future Informed and Without Fear =-.

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