DISCLAIMER

I am not a registered investment advisor with the SEC. Nothing in this video, should be taken as legally binding investment advice, in the same way that SEC licensed stockbrokers can advise their clients. I am not “selling” any stocks or OTC penny stocks as a broker in this video. The purpose of chapter 5, is only to offer guidance to those who are interested in educating themselves, about self-directed investing and Biblically Responsible Investing (BRI).

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The hand of the diligent* maketh rich. –Proverbs 10:4 (KJV)

* Passive participle of H2782; properly incised or (active) incisive; hence (as noun masculine or feminine) a trench (as dug), gold (as mined), a threshing sledge (having sharp teeth); (figuratively) determination; also eager: – decision, diligent, (fine) gold, pointed things, sharp, threshing instrument, wall.

CORRECTION: Once you get to the point where you can invest $30,000 a year in BHP or RIO as a high dividend stock, then you will need to call Charles Schwab and ask them to help you set up an SEP IRA, because the annual deposit limit for a Roth IRA is currently capped at $6,000 a year. An SEP IRA would also require you to be self-employed, but establishing a home-based business is really the best way to have enough paychecks to invest. I’d say three paychecks for a married couple (see Proverbs 31). See the Secrets of Successful Self-Employment by Paul and Sarah Edwards.

CORRECTION: I’m going with Petrobras (PBR) as my dividend stock of choice, but I’m willing to accept the risk, when I look over all the factors, and my current financial situation. Each person needs to look at their own financial situation, and how old they are, when they are shopping for dividend stocks. But usually, I would still say that BHP Group (BHP), Rio Tinto (RIO), and Gerdau (GGB) are great dividend stocks as well. As a general rule, I’d say that any “blue chip” stock should either be on the S&P 500, the Fortune 500, or the Fortune Global 500. I’d also follow Solomon’s example and try to mainly invest in the mining and petroleum industries (Eccl. 11:1-2; 2 Chron. 8:18; Josephus, Ant. 8.5).

UPDATE (11/24): If you hold Petrobras (PBR) for 10 years, then it’s a “fivebagger,” which means that the dividends will yield a return five times the amount deposited! (Luke 19:18). PBR passes muster as a BRI investment on inspireinsight.com. However, if you hold Zim Integrated Shipping Services (ZIM) for 10 years, then it’s what Peter Lynch called a “tenbagger” in his book One Up on Wall Street (p. 15). Jesus said this is the best possible kind of investment you could have! (Luke 19:16). It hasn’t currently received an Inspire Insight Score, but I’ve requested that they give it their BRI grade. If they never get around to it, then I would advise investing mainly in ZIM as the income-producing father of all your savings and investments; and using Google to read articles about ESG and BRI issues regarding their company. An investment opportunity like that is too lucrative to ignore! The only difference between Lynch’s definition of a tenbagger and Jesus’ tenfold return in Luke 19:16, is the time length. Lynch is looking at a ten year time frame and Jesus is probably looking at a one month time frame. The only investment that would produce a tenfold return (1,000% ROI) in a month, in either the first century or our time, would be a careful “venture capital” investment in a new company like Mark Cuban does on Shark Tank.