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Thursday, December 07, 2006

Investment Tip: Mortality Will Crash, Eventually

"A good name is rather to be chosen than great riches, and loving favor rather than silver and gold." - Proverbs 22:1

Even the best portfolio of stocks, bonds, precious metals, real estate, and so forth will eventually have a value of zero - or less, if it costs you your soul or other precious opportunities. So don't invest too heavily in something going to zero. All of mortality will crash, like it or not. No, I'm not saying you need to get out of the mortal market - the Lord will take care of that in His own due time. But be sure your portfolio has a foundation of eternal values so you'll have something left when the final market bell rings. (And until then, stay out of debt, and be ready for a collapsing US dollar. Oh, and do your home and visiting teaching. Cheers.)

4 comments:

Anonymous said...

Amen brother.

However, as the dollar loses value, maybe one way we should prepare is by being exporters to take advantage of this situation by acquiring foreign currency!

Seriously, though, once all temporal economies are void, hopefully we will have laid up "treasures for [ourselves] in heaven" (D&C 6:27).

Anonymous said...

Sometimes it can be hard to find the perfect balance of temporal and eternal.

Anonymous said...

Perfect advice Mormanity.

Anonymous said...

And remember, the only way to get ahead in life is to die in debt :)