Unrighteous Riches and the Last of the Last Days

[Tbs77]

Yesterday I posted in wrong thread:

 

When does one get out of the stock market? Financial analysts say one can't time the market. So stay in for the long term. However, they don't know what we know.

 

For you friends that responded/quoted my post can you post here to continue the conversation? I don't want to presumably post for you.

 

Agape

[Tortuga]

Why are you equating the stock market to unrighteous riches?

 

The stock market is nothing more than a big bank that pays interest. Getting out of the stock market is like closing your savings account at your bank.

 

EDIT: The stock market is similar to a bank or other financial institution that uses your money and pays interest or dividends. In that sense, the stock market can be used to put your assets to work to generate revenue. 

Edited December 22, 2020 by Tortuga

[Brandon]

33 minutes ago, Tortuga said:

The stock market is nothing more than a big bank that pays interest.

Totally disagree but whatever 

[Tortuga]

6 minutes ago, Brandon said:

Totally disagree but whatever 

Why?

[Tbs77]

Why are you equating the stock market to unrighteous riches?
 
The stock market is nothing more than a big bank that pays interest. Getting out of the stock market is like closing your savings account at your bank.

that was not your post yesterday....glad I didn't post it on your behalf!

[Tortuga]

Just now, Tbs77 said:

that was not your post yesterday....glad I didn't post it on your behalf!

I'm trying to understand what your perception of the stock market is, perhaps I have misunderstood you. Can you explain the point of your comments?

You can post my comments, in context, anytime.

[Brandon]

10 minutes ago, Tortuga said:

Why?

Because you literally wrote:

51 minutes ago, Tortuga said:

The stock market is nothing more than a big bank

I don’t know you well enough Richard to say “you obviously know that that isn’t literally true,” but I would still hope that anyone taking a position on something would know...

Edited December 22, 2020 by Brandon

[Tbs77]

Why are you equating the stock market to unrighteous riches?
 
The stock market is nothing more than a big bank that pays interest. Getting out of the stock market is like closing your savings account at your bank.

The gem:
the unrighteous riches: Lit., “the mammon of the unrighteousness.” The Greek word ma·mo·nasʹ (of Semitic origin), traditionally translated “mammon,” is generally understood to denote money or riches. (See study note on Mt 6:24.) Jesus evidently viewed this type of riches as unrighteous because they are under the control of sinful humans, they normally serve selfish ends, and they are often acquired by means of unrighteous actions. The possession of or desire for material riches can also lead to lawless acts. Literal riches can lose their value, so a person having such riches should not put his trust in them. (1Ti 6:9, 10, 17-19) Rather, he should use them to make friends with Jehovah and Jesus, who can receive a person into the everlasting dwelling places.

Not equating the stock market or banks as Unrighteous riches but the money...

So my conversation is when does one decide to use before they fail? Either personally or to make friends with Jehovah and Jesus....

You are correct. The money streams you mentioned yesterday is a personal decision on how one manages their financial resources. However when do we know how to make friends before they fail before GT during GT?
We don't want to be like Ananias and Sapphira when it came to pooling resources because IMHO it's coming!

Agape

[Tortuga]

4 minutes ago, Brandon said:

Because you literally wrote:

I don’t know you well enough Richard to say “you obviously know that that isn’t literally true,” but I would still hope that anyone taking a position on something would know...

Thank you for your feedback, I apologise for not taking the time to fully explain the simple comparison that I was making between the stock market and banks for generating revenue from assets. I have found that  simple comparison helps some people understand that the stock market is more like a financial institution than a gambling casino. 

[Tortuga]

1 minute ago, Tbs77 said:

You are correct. The money streams you mentioned yesterday is a personal decision on how one manages their financial resources. However when do we know how to make friends before they fail before GT during GT?

Everyone makes a personal decision on how they use their assets. Some may buy property, some may start a business, some may invest in the stock market and some may have a savings account at a local bank. Wise use of our assets, in harmony with scriptural principles, can be very advantageous. 

[Tortuga]

8 minutes ago, Tbs77 said:

We don't want to be like Ananias and Sapphira when it came to pooling resources because IMHO it's coming!

I don't understand your point. Ananias and Sapphira sold something and lied about it. How does this relate to how someone manages their assets?

[Tortuga]

1 hour ago, Tbs77 said:

When does one get out of the stock market?

Back on topic.

You can sell your stock anytime you want. If you have a traditional IRA or 401k you will need to pay taxes and penalties.

[Brandon]

10 minutes ago, Tortuga said:

I have found that  simple comparison helps some people understand

You didn’t compare them at all! You equated one with the other. 😌 

[Tortuga]

Just now, Brandon said:

You didn’t compare them at all! You equated one with the other. 😌 

My mistake. Thank you for pointing that out.

[Tbs77]

Everyone makes a personal decision on how they use their assets. Some may buy property, some may start a business, some may invest in the stock market and some may have a savings account at a local bank. Wise use of our assets, in harmony with scriptural principles, can be very advantageous. 

So we must be ready to use liberally (Romans 12.8) when, IMHO, the call comes. My focus is enjoying trying to time (speculate) when we should get out of money streams to get ready to assist the organization and friends before the money, unrighteous riches. fail.

Therefore, does one move their unrighteous riches into ultra conservative placement of the bank or stay aggressively in the stock market that is at unprecedented highs?

Let's watch the bulls and bears play in 2021!

[Tbs77]

I don't understand your point. Ananias and Sapphira sold something and lied about it. How does this relate to how someone manages their assets?

I'm talking about, IMHO, when we will have to pool resources.... Can you picture a modern day scenario? Sell your asset to contribute to the pool...I'm going to sell that asset (stock) and say that it was for so much.

It can happen to any one of us that's why the Ananias and Sapphira account is there for us, IMHO.

[Tortuga]

11 minutes ago, Tbs77 said:

My focus is enjoying trying to time (speculate) when we should get out of money streams to get ready to assist the organization and friends before the money, unrighteous riches. fail.

We had a great part on the MWM recently that encouraged us to give to Jehovah from the heart. We all should examine our personal circumstances and make our own decisions how to use our assets. 

[Lee49]

  Tortuga - "If you have a traditional IRA or 401k you will need to pay taxes and penalties."

 

You claim those withdrawals on your taxes and may or may not have to "pay taxes" depending on how much you make during your total tax year including your withdrawals. Lets say you've saved what the world says you need to retire on ( 1 million or more, yeah right ) and you start withdrawing $50 k /year, that added to your SS and any other income ( pension ) then you are going to have to pay because you've gone over the limit of what is allowed to "earn" for the year. So, living a "simple life" with a modest income per year saves one from having to pay little or no taxes and no penalties if you've reached the correct age.

[Tortuga]

Thanks Lee, been there, doing that.

I was responding to Tracys question about getting out of the stock market.

[woodeneye]

This is something only you can answer. I would like to say just follow the Faithful Slave's lead however, I don't think they're going to make any decisions on this public knowledge.

[M.J.]

On 12/22/2020 at 10:44 AM, Tbs77 said:

So my conversation is when does one decide to use before they fail? Either personally or to make friends with Jehovah and Jesus....

I understand exactly what you are saying.  I've had the same burning question for years. As a rule of thumb, watching what the Org does is a good hint.  I've recently decided that if I ever see them announce that they are going to sell all KH's, and effectively "cash in", then I will do the same.

 

That's my short answer. I think you and I could discuss this at length. If you cash it, where do you put it? If you plan to ration it out, how do you measure if you don't know how long the GT will last? Joseph knew exactly how long the famine would last....And your idea of pooling resources is exactly what I've been thinking too! I think it will be a great test, to give up certain financial goods by seeing the bigger picture.... 

@Tbs77

Are you in the stock market now?

[Doug]

I agree with a Bethelite.  ...   In winsome words.  ..  .. Said

 

When Armageddon arrives I want to have No money nor Vacation time.

[normadenardo]

12 minutes ago, Doug said:

I agree with a Bethelite.  ...   In winsome words.  ..  .. Said

 

When Armageddon arrives I want to have No money nor Vacation time.

Well since I have no money and no vacation time.... tomorrow would be a good day for Armageddon. 

[SUNRAY]

There is the Conditional Donation Account..The Organization can use your funds where needed, and if you are in need, you can request the amount and you will receive that amount, but only for your needs. 

[M.J.]

3 hours ago, SUNRAY said:

Conditional Donation Account

That arrangement had been replaced with JZD.

 

12 hours ago, Doug said:

When Armageddon arrives I want to have No money nor Vacation time.

But how do you time it?

Edited December 24, 2020 by M.J.