1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Dept Economy

Discussion in 'Other Discussions' started by Earth Wind and Fire, Feb 20, 2020.

  1. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
    Site Supporter

    Joined:
    Jun 5, 2010
    Messages:
    26,904
    Likes Received:
    742
    Faith:
    Baptist
    Forget this guys “ Buy Gold” garbage, does he make solid points about the countries economy?

     
    • Like Like x 1
  2. HatedByAll

    HatedByAll Member

    Joined:
    Sep 11, 2019
    Messages:
    49
    Likes Received:
    30
    Faith:
    Baptist
    His points are good. Our economy is based too much on debt. But, the problem is, that has been true for the last 25 years or longer. Economists have been saying the same things since before Ronald Reagan was President.
     
    • Like Like x 1
  3. Rippon2

    Rippon2 Active Member

    Joined:
    Jan 13, 2020
    Messages:
    787
    Likes Received:
    83
    Faith:
    Baptist
    EW&F : it's debt, not dept, as in department. Also, it's "our country's economy."
     
  4. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
    Site Supporter

    Joined:
    Jun 5, 2010
    Messages:
    26,904
    Likes Received:
    742
    Faith:
    Baptist
    Yes they have... so does that make it something to not be concerned about? My great grandfather took his cash and bought a 400 acre dairy farm and lived off the land during the depression. Brought in his family to work the farm and survived the economic downturn.
     
  5. HatedByAll

    HatedByAll Member

    Joined:
    Sep 11, 2019
    Messages:
    49
    Likes Received:
    30
    Faith:
    Baptist
    The best thing to do is what the Bible says to do in Ecclesiastics 11:2. Diversify your investments.

    One day there will be a really big collapse in the stock market. In my opinion it is twenty years overdue. But, it seems that it is artificially held high by the current investment instruments. ROI is low for the amount of risk on many stocks, but because of the number of people investing in 401K etc., investors are not concerned with returns in the low single percents.

    Prime farmland value in areas such as the Midwest is often near and even over ten thousand US dollars an acre. The earnings after expenses and taxes on the land are not over ten percent which is what used to be common returns for farmers. Farmland is a great investment to remain in, but not the best investment to get into today unless you have tens of millions to invest.

    Gold and fine metals is basically gambling. It is unlikely you will have a decent annual return on investment. They are just hedges against inflation.

    So, what does a good investor do? Put a little in each of some of the different types of investments. Some may do better some years than the others. Then the next year, it may be the opposite. Don't fall for "The sky is falling" investment advise. Use the wisdom of the Scriptures. Diversify your investments and whatever you do, put God first in your investment planning. He gives us the ability to build wealth to prepare for the future and to do what he has called us to do. No matter how rich or poor we are, be satisfied with what the Lord has given us.
     
  6. Van

    Van Well-Known Member
    Site Supporter

    Joined:
    Mar 4, 2011
    Messages:
    14,072
    Likes Received:
    274
    Faith:
    Baptist
    We should be prudent, and invest wisely, but as the great depression demonstrated, bad economic policy results in boom then bust cycles. Someone above said diversify, and I certainly agree. I thought real estate was pretty solid, but then the subprime load policy resulted in a boom/bust in that market too. I think buying gold is betting against the US economy and I do not think that is a good bet. I think a third in insured accounts, third in real estate, and the rest in conservative market accounts may not be the best, but is far from the worst.
     
Loading...