I’m sure all of us have daydreamed about what we would do if we suddenly were given a large amount of money we weren’t expecting. Let’s suppose that you suddenly found yourself with an extra $100,000. How would you spend it?
Several years ago the editors of USA Today asked that very question The went to six of the leading financial counselors for their advice on how to invest $100,000 in today’s economy in order to get the best possible return.
The answers were revealing. One man said he would divide the money between telephone stocks, blue-chip stocks and zero-coupon bonds. Another advised putting $50,009 in stocks, $40,000 in bonds and $10,000 in cash. Yet another expert favored putting the whole wad in high-quality growth stocks and riding out the current recession. One man recommended putting the entire $100,000 in a money-market account while Andrew Lanyi would spread the money among ten over-the-counter stocks, and Lilla Clemente called for an even four-way split among U.S. stocks, foreign stocks, global bonds, and foreign currency.
Reading that makes me glad I don’t have $100,000 floating around right now. If the experts can’t agree among themselves, how would the rest of us know what to do?
The truth is, we live in changing times. The world has changed more in the last 5 years than it has in 45 years. The things we used to count on no longer seem reliable. What can we invest in the will have a return which outlasts us, not much unless it’s in the kingdom of God.
This week we will continue talking about our legacy as individuals and as the Church at Forest Park taking a look at leaving a legacy of investment in others.