Faith And Finances

048: Biblical Investing—The Benefits of Diversification

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Sinopse

King Solomon is known for being the wisest person who ever lived. The fame of his wisdom spread across the known world. That's no small feat considering how slow information travelled without the internet! In 1 Kings 9 and 10 we read that King Solomon had a navy and "shipmen that knew the sea." What comes to your mind when you read, “a navy of ships?” For me, I start hearing “Anchors Aweigh” in my head, along with images of battleships of all sizes. Go Navy!   In This Episode, We Look At: Solomon taught reducing risk through diversification This background helps us understand the practical application of Ecclesiastes 11:1-2  "Cast thy bread upon the waters: for thou shalt find it after many days. Give a portion to seven, and also to eight; for thou knowest not what evil shall be upon the earth." Increase expected growth There are investment categories that have a higher expected rate of return than individual stocks. Diversification in the stock market today Owning investment categories with diss