How do you decide where to put your money? For goals you want to happen within a year into one or more of the cash equivalents ….A bank account or a CD for example. For goals that are at least 5 years in the future, however, you may want to put some of your money into stock. Bonds, real estate, foreign investments, mutual funds, and other assets. Unlike savings accounts or bank CDs, these types of investments are typically not insured by the federal government. There is the risk that you can lose some of your money. How much risk depends on the type of investment? Generally the longer you have the greater your other sources of income. Why take any risk at all with your savings? Because the greater the risk. The greater the potential reward. By investing carefully in such things as stocks and bonds, you are likely to earn significantly more money than by keeping all of your money in a savings account for example. The differences in the average annual returned of various types of investments over time are dramatic.    

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Here’s Why

God has provided instructions concerning every aspect of our life in his word. Saving money is no exception. Although we do not look for destruction or disaster in our lives we must realize that the rain will come and the storms will blow and will beat upon our house, and if our foundation is not sure the ruin of our house will be great.

First let me stress that every decision to spend save or give is a spiritual decision and requires study time and quiet time with God. Next I must caution you to remember that there are many investments that we do not agree with as Christians. I personally avoid any fund that invests in gambling, alcohol, tobacco, or abortion drugs or clinics. A list of a funds investments is included in it annual report.