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Personal Finance Bible Verse Of The Day: Diversify Your Holdings

By Peter Anderson 3 Comments - The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Learn more about how we make money. Last edited February 10, 2014.

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Give portions to seven, yes to eight, for you do not know what disaster may come upon the land. Ecclesiastes 11:2

Last night in our Financial Peace University class we had a lesson on investing (you can read about it here), and one of the principles that was stressed by Dave Ramsey was that when you’re investing, you want to make sure to spread out your risk by diversifying your holdings.

Remember Grandma’s advice:Don’t put all your eggs in one basket.

The verse above talks about how it’s wise to not put all your eggs in one basket, but instead to “give portions to seven, yes to eight” in order to minimize the risk that you’re taking, and increase the odds that you’ll succeed.

Ramsey gave a very visual demonstration of the principle of diversification, and why it’s so important.  He brought out a dozen eggs.  6 of them he put in one basket, to demonstrate someone investing in one stock (or their own company’s stock).  The other 6 he spread out over several baskets.  Next he brought out a 16 pound shot put which he called “Katrina – or – 9/11” .  He dropped the shot put on the basket with all 6 eggs in it, and they were crushed.  The other investor – if one of his baskets was destroyed, he still had eggs in his other baskets.

One disaster and if you’re not diversified, you can be ruined, just like those eggs in the picture above.

The principle that the bible speaks of, spreading your assets around, is as sound today as it was when it was written.

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Last Edited: 10th February 2014 The content of biblemoneymatters.com is for general information purposes only and does not constitute professional advice. Visitors to biblemoneymatters.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.

This article is about: Bible Verse, finance

About Peter Anderson

Peter Anderson is a Christian, husband to his beautiful wife Maria, and father to his 2 children. He loves reading and writing about personal finance, and also enjoys a good board game every now and again. You can find out more about him on the about page. Don't forget to say hi on Pinterest, Twitter or Facebook!

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  1. Miranda says

    What a powerful visual! At the same time, though, it is important not to be so spread out that your assets become inefficient. Judicious diversification is the key.

    Mirandas last blog post..The Recession Sends More People to College — But How Will They Pay for It?

    Reply
    • Peter says

      I would agree with that. The investing lesson linked above talked about a good diversification of mutual funds that he suggests. As in many things, moderation is key.

      Reply
  2. Fred @ One Project Closer says

    Definitely wise advice…

    Fred @ One Project Closers last blog post..Fixing an Ice-Frozen Heat Pump / Air Conditioner

    Reply
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