Since my day job involves helping people invest well, I read lots of articles about investing. Some days, that feels like an amazing gift. I get paid, in part, to learn. Other days, it feels like a job hazard.
If you’re new to reading about investing, it can seem perplexing, even maddening. It is common to see completely contradictory headlines on the same web sites, sometimes within minutes of each other. One writer will tell you the market is headed higher, another will tell you it’s headed down. Over the years, I’ve learned to ignore market predictions, but it’s taken time.
In the eight years I’ve worked full-time in the investing industry, I’ve learned how the emotions of fear and greed, the headlines of the day, speculations about the future, and so many other factors can do more harm than good to our portfolios. I’ve also learned the importance of having a plan to guide our investment decisions, and I’ve learned what makes for a trustworthy investment plan, which is the subject of the following four-minute video.
To go deeper on this topic and learn how to take a biblical approach to investing, I strongly encourage you to check out Multiply.
Take it to heart: “The plans of the diligent lead to profit as surely as haste leads to poverty.” – Proverbs 21:5
Take action: Consider hosting a Multiply group with some friends. You don’t need to be an investing expert, and it could be easily hosted online via Zoom, WebEx, or another online collaboration platform.
Read more: SMI Introduces Multiply: A Biblical Guide to Investing
Matt, what a great reminder as we navigate these strange times. Thank you for this.
Strange, indeed, MacGregor. We went from surreal to sad to… who knows where next. Thanks for stopping by. Be safe in your travels!
Great advice – markets and companies adapt, survive and grow. Perfect example is while sit down restaurants struggle grocery stores and delivery food thrive.