Selecting an Investment Advisor
Are you looking for an investment advisor?
I recommend financial advisors who are committed Christians. Psalm 1:1 says we should avoid ungodly counsel. Meet with a prospective advisor and test his or her value system. Advisors who will cheat for you will also cheat you, and those who bend the rules on your behalf against someone else will do the same thing to you. If counsel runs contrary to God’s Word, discount it as worthless. Proverbs 13:20 says we should look for wise counsel. You want someone who earns more money for you than he or she costs you.
When you first meet with an advisor, ask questions about a particular investment that you’re knowledgeable about. Do research beforehand, if necessary. If the advisor doesn’t impress you with his or her answers, look elsewhere for advice. Proverbs 15:22 says we are to have multiple counselors. Don’t rely solely on the advice of one person. Ask trusted friends for their input, and if married, seek the advice of your spouse. Always check a prospective advisor’s references and ensure that he or she has integrity. Respect your spouse’s input. God may give sensitivity and discernment to one of you that the other doesn’t have. Even the best financial counsel lacks an essential element necessary for sound and wise financial decisions. That’s knowledge of God’s plan for your life. Therefore, no decision should be made until you present it to the Lord in prayer first. Then the peace of God, or lack thereof, should guide all your investing.
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