This program will help you
undo financial bondage.
When you put all money in one investment
account you take the great risk of losing all of it if (a) the
investment loses all its value, or (b) the holder thereof goes bankrupt
and did not put your money in a segmented account, or (c) you mistakenly
invest with a scam artist running a Ponzi scheme.
These types of things happen from time to
time in good and bad economic cycles. Diversifying assets helps protect your
portfolio from massive and total loss when such things occur. Even though your
assets may not earn as much as one particular investment could have earned
during a certain period of time, the upside is you don’t have to worry about
one bad apple spoiling the whole bunch, nor all eggs being broken if you happen
to drop the basket.
Reasonable asset allocation and
diversification reduce risk of loss on investment portfolios while at the same
time allowing very good growth during long-term investment horizons (generally
ten consecutive years or more). You should seriously consider spreading
assets commensurately among different types of investments (no load stock
and bond index mutual funds, real estate investment trusts, stable value funds,
investment real estate, etc.) in order to obtain great benefits.
When you start investing aim at
progressively establishing several different investment accounts and types of
investments for needed financial safety and stability throughout the various
economic cycles you will encounter in life. Make sure the financial
institutions and brokers are licensed in good standing with state and federal
securities regulatory agencies and are reputable.
You may want to use a simple method for
diversifying assets like dividing investments into stock mutual funds or
equity-based investments in a percentage representing one-hundred minus your
age and then putting the other portion (a percentage representing your age)
in bond or fixed-income investments. Or, you could equally fund each type of
instrument. No matter your age, when financially uneducated or you need
to live off a high percentage of investments or you cannot tolerate the
risk of losing any money, then put it in several government guaranteed
fixed-income investments. Do this until you are educated on the various types
of investments available and you are comfortable you can invest money with a
long-term horizon without buying investments at high prices when economic times
are good and selling them at lower prices when times are bad. Don’t invite scam
artists and irresponsible investment behavior into your life and finances by
trying to get high rates of return while not understanding things you invest in
and not knowing how to pick reputable brokers and financial advisors to help
manage money.
Again, the principle of diversification
provides greater safety from total loss while rewarding you over the long term
with a very reasonable opportunity for meaningful growth of your investments.
Genesis 13:2, Job 42:12, Proverbs 15:22,
Proverbs 24:6, Ecclesiastes 11:1-2
Please pray for this ministry and email questions to parlor@ameritech.net and share the links below with others who need
guidance. May the LORD bless you richly as you follow His plan!
Share http://kminfo.org/ministries/financial-freedom weekly with family and friends so these
bondage-breaking articles and other financial information can help them gain
helpful insight!
The
book at the link below provides principles and practical steps that help you use
the Power To Get Wealth. By 1992, we had $135,000 of debt and a
negative $35,000 net worth. Financial bondage and turmoil led me to seek
principles and a process for employing good stewardship. As a result, we became
constructively debt-free in 1998, mortgage free January 2004, millionaires in
2012, multi-millionaires shortly thereafter, and retired in 2018 in my
mid-fifties from public servant jobs while giving abundantly to fund the gospel
of our LORD Jesus Christ. The same power is available to you!
You can find books authored by Randy and
Karen Parlor at www.Amazon.com.
You can also connect with
Randy Parlor on Facebook, Twitter, Linkedin, Instagram, Google Blogger,
WordPress, Jesus Social Network, Social Cross, Pinterest, Tumbler, and You
Tube.
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