Four Things to Remember in Volatile Times
Are you uneasy about the stock market?
Ron Blue Trust of Houston, TX advises us to remember 4 things during volatile markets.
First, God is in control.
Our hope rests in Him, not the accumulation of money and assets. 1 Timothy 6:17 says, “Instruct those who are rich in the present age not to be conceited and not to put their hope in the uncertainty of wealth, but in God, who richly provides all things for us to enjoy.”
Second, contentment is not determined by the markets.
Philippians 4:12 reads, “I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation whether well fed or hungry, whether living in plenty or in want. I can do all this through him who gives me strength.” Money and possessions can’t bring eternal contentment. Seeking satisfaction in the stock market will only disappoint. Volatile markets increase your dependence on God, reminding us that money is simply a tool.
Third, impulsive decisions can have long-term implications.
Avoid hasty decisions. It’s difficult to time the market and there are consequences of selling at the wrong time.
Finally, we’ve faced volatility before and we survived.
Markets have historically trended upwards although short-term volatility may create hardship and suffering. So diversify your assets as Solomon emphasized In the book of Ecclesiastes. Rather than placing your confidence in earthly things, trust God and look to Him for guidance.
My newest book, Economic Evidence for God? is a helpful look at economics for anyone seeking to know and apply His truth to your finances. Get it today at Amazon.com.