Practical Steps to Investing

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For the last two Wednesdays I have been sharing at my church about investments. On Wednesday 10th July, we looked at investment options available to Christians (and anyone who is interested). Yesterday, we looked at practical steps to investing.

We had two our our property experts advice on  buying property as a viable investment and issues regarding managing tenants etc.

However,  if you find you can’t afford to go into property due to financial restraints, then  we look at other options.

Practical Steps

20190717_202640Before you consider investing you do need to do some ground work.

As a believer (in Jesus Christ and saved by grace) the starting basis for me and others like me is the word of God.  What does the bible say about investing?

Here are a few scriptures I found to answer that question.


1 Timothy 6:10 (KJV)For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

Proverbs 1: 32 (NLT) – For simpletons turn away from me—to death.    Fools are destroyed by their own complacency.

What is God saying here?

  1. In 1 Timothy 6  we are to have the right attitude towards money, it’s not to be served or viewed as an idol, where it consumes all your time and energy as it will cause anyone who does this many sorrows. Also,
  2. Fools cannot handle prosperity. You only have to look at past lottery winners  who lost all their money to confirm what this scripture is saying.

That said, please read books about wealth creation from experts (people who know more than you and succeeding in the area of wealth creation).

Your starting point should be Rich Dad, Poor Dad and Cash Flow Quadrant by Robert Kiyosaki to help change your mindset because the bible clearly tells us – Proverbs 23:7a “as a man thinks in his heart, so is he…” Consider also Think and Grow Rich by Napoleon Hill

And for those looking to go into trading, you should also add, How I Made $2,000,000 in the Stock Market by Nicolas Darvas, which I highly recommend you read as it takes you through the emotions all traders face, which are greed and fear and highlights the pitfalls of having a herd mentality.

Proverbs 4:23Keep thy heart with all diligence; for out of it are the issues of life (KJV). Through wisdom is an house builded; and by understanding it is established – Proverbs 24:3 (KJV).

These and so many others scriptures lead us to believe that our mindset or thinking will either lead us to success or failure; and wisdom is acquired through knowledge and not by prayer and fasting without insight. Wisdom is basically a learned skill and learning requires effort, time and money.

Steps to Investing

So, practical investment steps to take now would include where to invest your money as I have listed in my blog post –

In addition or should I say prior to deciding on how you allocate your funds you will need to determine the following about yourself :-

Your Risk Aversion

How do you react to risks?20190717_204214

Namely:- Are you

  • Risk averse?
  • Medium risk taker?
  • Or are you more of a high stakes risk taker?

It’s your answer to the above that will determine for example if you go into fixed bonds  or stocks and shares.

Benefits of Both

Benefit of BondsThey are fixed usually for a term of 1 to 5 years and you get up to 12% yield in the UK on your investment over that period, so you have an idea of what you will be getting at the end of the term.

I have heard they are zero percent risk as you get you initial capital back at the end of the term. 

You have peace of mind, no stress about losing your money at all.

You actually get to invest your money in one income stream, which is always good.

Benefit of Trading Stocks and SharesHigh yield potential.

Trading stocks and shares works extremely well for the short, medium and long term in my experience.

 Also, in my experience you have access to your profits within a few working days of requesting a withdrawal.

It’s the only investment platform I know that affords you multiple income streams (remember Ecclesiastes 11:1-2).

If you know what you’re doing, you are in control of the trades, so you can cut your losses and let your profits ride to unprecedented levels (your profits aren’t fixed).

Disadvantage of Both 

Disadvantage of Bonds – it’s fixed and that means capped at the percentage you invest for. So, you need an awful lot of money to see great profit yields. 

The percentage is also quite low, I’ve struggled to find an offer of anything near even 40% for zero percent risk in the UK.

Unless I’m mistaken, some of these bond schemes go on to invest your money in stocks and shares and enjoy huge profits and give you only the tip of the iceberg as it were.

Disadvantage of Trading Stocks and Shares Many –  if you don’t know what you’re doing, namely:-

Lose all your money, therefore you’re now completely out of any opportunity to trade.

Consistently having high losses and low wins because you allow a losing trade continue in the hope it’ll reverse in your favour and close a winning trade in the fear it will reverse. We have a saying in trading circles which states, Cut your losses and ride your profits, which means: that you should not stay in a losing position too long and, on the other side, not close a winning position too soon. You want to be quick with losses and patient with profitsdefinition from Macroption.

Another Option to Consider 

As I said I have experience trading the markets and have been actively trading since 2007, so know all the pitfalls by now. Therefore, I am offering myself as a trading coach where  I alert you to trades I am taking so that  you can enter them just like me – copying my trades. 

Benefits are:

  • I’ll show you were to set up an account to get started;
  • I’ll show you exactly what to trade following the trend, be it up or down (buy or sell);
  • I’ll tell you when to cut your losses and lock in your profits;
  • Just as importantly, I’ll tell you when to hold off from trading thereby saving you money, which is as good as making money;
  • I’ll show you short, medium and long term trades depending on your needs. 
  • You will have an opportunity to be introduced to my mentor who is a multi millionaire trader and helping others like me achieve financial independence.

Options Available 

You can start trading as an individual, or, come together as a group to invest and share profits according to what you put in.  Just reach out to me when you are ready and able to get started by completing the form here: Investing My Money


See my first post on investment options available here
Learn about the The Power of Compound Interest

Disclaimer: As previously mentioned I am not a financial adviser or FCA trained. However, I have been successfully trading the markets and discussed in previous post my experience as shared with the audience on Wednesday 10th July 2019. So, based solely on my experience and knowledge I can guide individuals or groups to invest their money based on principles laid out which will involve time, commitment and money. Never invest more money than you are willing or able to lose.
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