Don’t you love cookie recipes that give you a lot of leeway in creating your own variations?
The instructions will give you the ingredients for a basic cookie, but then list options for different flavours or additions to create your own version.
Perhaps you want to add pecans instead of chocolate chips. Or maybe you’d rather substitute mint flavouring in place of vanilla.
These build-your-own cookie recipes sure are versatile. You get to pick and choose
exactly what you want to put in the dough.
Don’t you wish life was like this?
Do you ever wish you could have chosen the “recipe” for your life story? That you could have picked out beforehand which “ingredients” would be part of your life?
Image by Gerd Altmann on Pixabay
Do you play the stock market?
What kind of an investor are you? Do you engage in active trading, or do you prefer to buy and hold investments?
Active or “day” traders believe that through rapid, speculative trading they can gain a larger profit more quickly than through passive investing.
The “buy and hold” strategy, on the other hand, is based on holding stocks for a long period of time with the idea that their value will gradually increase over the years.
It’s beyond my pay grade to tell you which form of investing is better: after all, The Faith Cafe isn’t a financial blog.
But I do have a hot investing tip for you.
This tip comes from an unlikely source, but don’t worry, I’m not engaging in insider trading or passing on confidential information.
This sure-fire investment advice comes from the Book of Proverbs in the Bible.
Would you like to hear it?
Stock Market Correction Photo by Rafael Matsunaga on Flickr CC BY-2.0
If you’re familiar with the stock market, you probably know what a “stop-loss” is. It’s an order whereby your shares are automatically sold if their value drops to a predetermined level. This prevents your losses from becoming even greater if share prices drop further.
It’s a handy tool to set in place when trading on the stock market. It locks in your profits or limits your losses in a down market, and helps preclude financial catastrophe.
But don’t you wish we had a “stop-loss” for real-life problems?