Wednesday, December 17, 2008

To Good to be True

Much of my life before coming on staff at church was spent in the financial markets. I can't say I have always personally made the best financial decisions. However one thing I have learned is that if it sounds too good to be true it probably is.

In the 90's a manager for a new Internet fund that was showing monthly double digit growth. Told us and I quote: "The only risk is not being invested." 4 weeks later Internet stocks crashed the money disappeared and so did he.

In 2006 I read the following story about a fund set up by a couple of Christians that were promising incredible returns based on God blessing the fund. Seems like God had a hard job because most of the money did not make it into the fund but was spent on items from jewelry to houses. The writer of the article asks the question:

Would you invest your nest egg with the advice of a part time roofer and a licensed practical nurse? Or, would you entrust your nest egg to their investment company?

Obvious answer till today and we read of the huge list of Banks, Investment Managers and individuals taken in by the $50 Billion scam by Bernard Madoff.

There is only one thing in this world that is to good to be true without a catch - God's grace.


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