Risk and Fear
July 27, 2020
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M I have friends who were spooked in 2008 by the drastic drop in their investment values. 401K’s became 201Ks and homes went underwater. Sadly, some of them withdrew from all equities to money market accounts and cds. In the last 12 years their investments have had minuscule growth
V I know you love equities, but risk tolerance is important too. Equities have fully recovered, more than doubled. Its been a bumpy ride. Consider when you might need those funds. Chose stable locations for short term needs. Life’s seasons change. Not God’s direction that we be wise stewards.
M I encourage to beware the fear factor that might keep you from being that steward who doubles what God has entrusted to you.