Do not put all of your eggs in one basket or else dropping the basket may cause most if not all of your eggs to be broken. However, if you place the eggs in several different baskets while transporting them, the odds are much greater that most of the eggs will survive and be useable in the future.
The same is true when it comes to investing, however many people do indeed put all their eggs in one basket. They have not considered the loss that will occur if the one company they have used were to become bankrupt or begin to swindle investors. Their whole life savings could be lost.
Even if you only invest in government guaranteed instruments like Certificates of Deposit and treasury bills, it’s a good practice to divide your money up and invest it with seven or eight different financial institutions. This protects you in case of late claim payments by an account guarantor and it enables you to have some money at your disposal if one of your investment companies were to take a precipitous slide.
You may not be able to start off with great diversification, but as your wealth grows over time to ten thousands and hundreds of thousands of dollars by using biblical money management principles, separate portions of into different investments vehicles with different financial institutions (banks, brokerage houses, real estate).
You will find blessing and rewards overtaking you when you adhere to the principle based upon there being safety in the guidance of godly counselors and every action being established by the guidance of at least two godly counselors and a three-fold cord being not easily broken and that you should invest a portion with seven or eight different endeavors because by it God will help you overcome the troubles that rear their head in your life.
Diversification is the key to not putting in jeopardy the money God entrusts to you and of hearing no one say, “They Made-Off with all your money.”
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Proverbs 11:14, Ecclesiastes 11:2, Luke 19:13, Acts 6:3
Please forward these bondage breaking articles to other people who can use helpful insight!!!
You can find books authored by Randy Parlor and Karen Parlor at www.Amazon.com
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