Dear Chuck, I have lost $300,000 in my 401k in the past 12 months, and things appear to be getting worse. I plan to retire in 5 years. Should I get my money out of the market or try to ride out the economic storms? Worried Dear Worried, This question came just last week […]
Dear Chuck, Since the FTX debacle, do you think the crypto market has been ruined? Cautious Investor Dear Cautious Investor, I don’t think cryptocurrencies are ruined, but the idea that they are a trustworthy asset is severely damaged. Let’s look at a few details of FTX’s collapse and then some biblical principles for investors. […]
Christians should invest, not simply to accumulate wealth for their own sake, but to increase their effectiveness for God’s Kingdom. Teaching Christians to invest is as important as teaching them how to budget. It’s all part of living as faithful stewards. What the Bible Says About Investing Investing is a way to multiply the resources […]
Dear Chuck, I began participating in my company’s 401K when starting my first job out of college last year. I know I should be giving and setting aside funds for emergencies, too. But where should I start? Novice with Money Dear Novice with Money, It’s refreshing to hear from someone your age who’s already […]
Dear Chuck, Inflationary prices are hitting our family, and I am getting worried. What can we do to ride this out? Inflation Fears Dear Inflation Fears, Gasoline is way up, oil is way up, food is way up, rents are rising, and housing prices are soaring. The price of used cars is nuts—in my […]
Dear Chuck, My husband’s sales job has not produced good income since the pandemic. We’re in our early 60s, have $10,000 in a savings account, $25,000 in our 401(k), a paid-off home, and no debt. We’ve considered downsizing. Do you advise drawing down on our 401(k) now? Managing Cash Flow Dear Managing Cash Flow, […]
Dear Chuck, I’ve been hearing a lot about Evergrande and the Chinese economic woes for months. Should I pull out of my investments in Chinese companies? Investor Worries Dear Investor Worries, Having traveled to China on a number of occasions, I have long been aware that there was a housing bubble, a debt bubble, […]
Dear Chuck, Since my money is obviously buying less and less, how do I wisely invest in an inflationary economy? Fearful Senior Dear Fearful Senior, While I am not an economist, I am an investor. I believe you have expressed a very relevant concern for all of us, not just seniors. We have experienced […]
Dear Chuck, Although I don’t really believe in it, I am thinking of adding Bitcoin to my retirement funds. What do you think about it? To Buy Bitcoin or Not to Buy Bitcoin? Dear To Buy Bitcoin or Not to Buy Bitcoin, First, my disclaimer: I am not an investment adviser and can only […]
Dear Chuck, Digital currency will be all the rage soon. Won’t it just make inflation worse? Digital Doubter Dear Digital Doubter, There are a lot of new developments regarding digital currencies. It is inevitable that they will be introduced by Central Banks and become a normative part of our lives. It is also a […]