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Advice on investing from a REAL GURU...God! DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Advice on investing from a REAL GURU...God!

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Advice on investing from a REAL GURU...God! Empty Advice on investing from a REAL GURU...God!

Post by rick152 Fri Jun 08, 2012 2:15 pm

Found this on Yahoo investments this morning and knew right away it should be here for all of us. I do know that most of us are waiting for a RV to be able to make investments but it never hurts to plan ahead and look forward. along with this story there is a video in the link provided below. Enjoy

Stand yourself in that these blessings are here and now.

Ron Blue has an investment philosophy you don't hear very often these days. Specifically, the Founder and Managing Director of Kingdom Advisors says the old proverbs found in the Bible hold the keys to today's investment success.

Blue began reading and studying the bible only after becoming
well-versed in the tenets of financial reporting as a Certified Public
Accountant. What surprised him was the degree to which doing either
effectively came down to the same basic rules. Blue recently came on
Breakout to share some of these proverbs and how their meanings apply to
investors of any faith.

1) Establish Written Financial Goals

"The plans of the diligent lead to profit as surely as haste leads to poverty." -Proverbs 21:5
Write down your end target then determine your steps towards getting
there. A little bit at a time, all of the time, is a wiser plan than
taken frantic all-or-nothing shots.

2) Save and Invest Before You Spend

"Put your outdoor work in order and get your fields ready; after that, build your house." -Proverbs 24:27
As Blue puts it, "don't spend in the short-term because you won't have it in the long-term."

3) Keep a Long Term Perspective

"Suppose one of you wants to build a tower. Won't you
first sit down and estimate the cost to see if you have enough money to
complete it?" -Luke 14:28
In other words, know what you need to set aside to reach your savings
goals. Your time frame is going to vary depending what your personal
goals. Saving for college may be a 15-year strategy while retirement
planning could involve more than 40 years. The runs are different
depending on the size of your intended tower.

4) Diversify Your Portfolio

"Divide your portion to seven, or even eight, for you do not know what misfortune may occur on the earth." -Ecclesiastes 11:2
Even when Ecclesiastes was written 2,500 years ago people needed to
have diversification. Blue suggests not just a range of stocks but
assets: some venture capital, stocks, bonds and real estate for example,
though readers needs may vary. The goal isn't eliminating failures but
anticipating them by having an assortment of investments.

5) Do Not Take on More Risk Than You Can Afford


"I have seen a grievous evil under the sun; wealth hoarded to the harm of its owners." -Ecclesiastes 5:13
If something sounds too good to be true, it probably is. Nobody knows
where the stock market is going to go, says Blue. There is no free
lunch. As Blue puts it, "You can't be guaranteed of returns, and if
you're trying to get that you're probably taking more risk than you
should."

http://finance.yahoo.com/blogs/breakout/bible-teach-investing-today-132404878.html

*****************
Love understands, Love supports, comforts and, cares for. Love forgives. Love also honors, respects and, believes
so please;
Love each other and yourself ...rick152
rick152
rick152
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