Lately, it seems that several times a week we either get a phone call at the office or receive a email article from someone who has been convinced by a “professional doomsdayer” the sky is about to fall, the dollar may not be around in 2-3 months, and/or life as we know it is about to end. So far 100% of these “professional doomsdayers” we have looked into for those concerned are trying to sell you something. It is either a book or a special report, a video, a doomsday food kit, or gold or silver coins.
Fear is not an investment strategy. Volatility is necessary to make capital markets work properly. Without it, you would not make a return on investment in the markets. When you sell out, you are helping to create the volatility for someone else to make a return on investment and you miss out on that potential.
“Professional doomsdayers” may be right- eventually. Based solely on economics, supply and demand, and human beings, markets will reset when they get overvalued. We also live in a naturally sinful world and human beings will make mistakes.
But you can choose how to respond to all these doomsday messages. You can decide to live in a world of fear and believe the sky is forever falling. Or you can choose to live in an attitude of trusting. I am not advocating to stick your head in the sand and say everything is great, because we certainly live in a fallen world. But, instead, to be prepared in case it does and In the meantime choose to live victoriously in Christ.
2 Timothy 1:7 For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.