The bible on investing, money making and Stock markets (shocking)
"You Shall Have Wisdom and Weath". The lord promised Solomon
If you look back in time, the best investor that ever lived was King Solomon. In fact, the queen of Sheba remarked that everything that Solomon touched turned to Gold. So, it is obvious that if you could get some investment lesson from his story in the bible (ideally the new possibility thinkers bible), you would definitely be on the right path to investing and great money making. Fortunately for you, King Solomon spent a great deal of his time talking and sharing financial philosophies on money making. Here are some of his top lessons but before we get started, remember that the lord told Solomon that he would bless him with wisdom, honor and riches. And over the century, Solomon has been noted and celebrated as one of the wisest man who ever lived on earth. (You can read this in Ecclesiastes and Proverbs.)
King Solomon investing principle # 1; diversification
Solomon explained in Ecclesiastes 11:2 “Divide your portion into seven or even eight for you do not know what misfortune may occur on earth.
In these bible verses, Solomon was advising individuals to split their wealth into several investments and not to risk all their money in only one place. Investment diversification is essential despite your income level, personality or time frame. Note that as your returns grow, so should your investment diversification. Ideally, if Solomon was arrive today, he would probably advise you to invest in bonds, foreign stocks, domestic shares, real estate and such. Mutual funds offers a high level of diversification within a single fund but even with this type of investment, additional diversification by investing in small-mid funds, emerging stock markets and even in developed funds as well. Investment diversification does not assure you that you will succeed but it does lower the risks.
This book offers a thirilling revelation on the topic of money and investing in the bible. I recommend it.
Bible investment principle #2: Ethical investment
Bible investment principle #2: Ethical investment
Solomon advised in the book of Ecclesiastes 12:13, “The conclusion when all has been heard is: Fear and respect God and keep all his commandments, because these apply to every person.
Definitely this is valuable advice to all but particularly to Christians. One should ask his or herself whether the way they wish to raise the money or make the investment is legal and pleasing to the lord? If it is not, stay away from it no matter how profitable it is. For example, for Christians running online shopping malls, it would not hurt anyone directly if they stuffed their website with keywords for seo, but it is unethical and as such, they should stay away from it.
Of course, there are numerous investments that offers a high than normal rate of return with minimal or no risks. However their dark part is that they prey on the weakness of other people. As a Christian, one should not invest in any mutual fund or company that can be deemed socially unethical. This angers the lord and believe me it will get you nowhere. A paper called the social investment forum can help you identify whether the mutual fund you are looking to invest in is socially acceptable. It tracks mutual funds and gives a list of mutual funds that come close to adhering to Judeo Christian values on a regular basis.
Investment principle #3 good counsel
This is the key to good planning. Make sure you get recommendations from friends (Proverbs 15:22). Without consultation, plans are frustrated but with good counsel, they succeed. Always use more than one financial advisor including your spouse but always know that some Christian may mislead you. Ask them to be honest to you as they would want you to be if they were the ones who needed your help.
What the bible says about stock markets
The following verse from the book of proverbs compares the work of the wicked with those of the righteous man. The bible says that whatever a man sows is what he will reap. “The soul of the lazy desires but he gets nothing; but the soul of the diligent shall be made fat. A righteous man hates lies; but a wicked man is loathsome and comes to shame. Righteousness keeps him who is upright in the right way; while weakness overthrows the sinners. Proverbs 13; 4-6
In the stock market gamble, this verse tells us that a sluggard (an individual who is lazy and likes staying idle) always desires to have wealthy but because he is reluctant to work he never gets anything. This is particularly true of our world today where we live with people who desire wealth without diligent work.
There are multiple books being written on how to be a millionaire and millions of people are making these individuals rich. But what does the bible say on this issue? The answer is on proverbs 13:11, “Wealth gotten by vanity shall be diminished but he that gathers by labor shall increase his”.
By reading the bible and relying on it as your money making and investment guide, you will be on the right road map to success. This is the case even for accomplished investors in countries such as United states of America with high GDP and employment levels. Remember, without God nothing is possible and no matter how hard you try, your best will never be enough. Everything belongs to God and as such, the genesis of having them is acknowledging him as the supreme creator.