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Pastimes : JESUS and FINANCIAL FREEDOM -- Ignore unavailable to you. Want to Upgrade?

To: gregor who wrote (842)	4/16/1998 2:31:00 PM
From: WTCausby	Read Replies (1) \| Respond to of 1283

Dear Gregor: I am relatively new to investment and so claim no special wisdom. I am sure it is I who could learn from you. In my reading and studying on the subject, I have come to like value investing. That is, looking for undervalued companies that can perform well, purchasing the stocks with the view that I am not just purchasing the stock, but am purchasing the company. Thus, prior to purchasing a stock one asks would they buy the company for this price. I look for such things as low P/E (since it tells us how much the company's earnings cost), low PSR, high book value per share, low debt, good management, etc. I like the Benjamin Graham approach. He touted a margin of safety and to seek reasonable returns. I also believe in taking the long term view and not to be blown about by the winds of day to day change and the ups and downs of the market (also a lesson in life there). However, prior to sinking money into the stock market (or anything else for that matter), I firmly believe one should get their personal financial life in order. Get out of debt, most particularly credit card debt. The Lord does not want His people in debt. Also, one should not put money at risk that is needed by their families. Thus, one must first ensure that their families' needs are taken care of. Finally, and most importantly, one must have their spiritual priorities straight, as with all other things in life, our finances are of a spiritual concern. Obtaining wealth is not the main goal of one's life. Rather, establishing a relationship with the Living God through his Son, Jesus Christ is the number one priority. Some people, not everyone, but some people, are sidetracked from this by money. So my first investment strategy is simply to have my priorities directed first to Him and then to other things. In Christ, Tom