Dan Celia offers advice on money, investments

Mike Miller  ·  Mar 01, 2016

Dan Celia of Financial Issues talks money and investments:

Honor God with your investments. “When you’re honoring God, and you’re using God’s money in a way that would be pleasing to Him, it’s amazing how you feel, the blessings that come from it. I’m not a prosperity preaching kind of guy. I make that clear to people, but God’s going to provide as long as we continue to honor Him and keep Him at the center of what we’re doing.”

Don’t get excited about 2016. “This year is going to be a lot like 2015. There are some who believe that because it’s an election year, things are going to be better. Not this election. The fundamentals of the economy are still very bad. Globally, there’s a lot of trouble, many storm clouds on the horizon, so I think we’re going to have more of the same.”

Market performance in the next five to 10 years depends on this year’s presidential election. “If we don’t get fiscal policy that makes sense, we’re in big, big trouble. I can say that I believe with all my heart that the mess that we’re in today is due to failed government policy. I think there’s going to be a lot more to come. From an election standpoint, this is the most important year of this nation. I spend a lot of time in Washington, and there has never been this kind of dysfunction, and it’s only going to get worse if we don’t get some leaders.”

Always have a broker and investment advisor. “I don’t think the average person can do it themselves unless they are following something that is very defined and trustworthy. In the case of my ministry, it would be the website and what I’m talking about. I don’t think you should try to figure it out and do it all yourself. You don’t have the time to do it, and you’re not going to ever understand it. I’ve lost a great deal of faith in brokers and investment advisors. There are still some very good ones. I always tell people if you have someone that has treated you well, that has done well for you, that you’re happy with and you’re well-informed, then there’s no need to ever change.”

Be firm with your broker. “My number one call this summer was people saying, ‘I did what you did, I told my broker to get out, and he wouldn’t. Now I’m down.’ The first thing they have to do is change their broker. It’s your money. This is what God entrusted you with to be a steward of. You need to be firmer when you talk to your advisor, and follow your instincts. If God’s nudging you, you need to follow that instinct.”

It’s OK for churches and ministries to invest in the market, but it should be done long term. “I always discourage churches only because the vast majority of the money they want to invest is short-term money. It’s always money ‘I might need in two years’ or ‘We’ve got our missions budget covered for the next three years, but then we’re probably going to be dipping into this.’ And ministries are very similar. So the notion of investing is usually not a good one. I don’t believe anybody ought to be investing unless they have a fairly long-time horizon to leave that money and forget about it. There are investments for short-term strategies, but there’s still risk with that. And they’ve got to be very careful.”

How to access Dan Celia’s thoughts on money

Dan Celia’s financial wisdom can be accessed with just a little investment of time.

Listen to or watch Dan

On the radio from 9 to 11 a.m. Eastern Time Monday-Friday on American Family Radio affiliates or on networks like NRBTV (10-11 a.m. ET), BizTV and the small Shenandoah Valley Network in the District of Columbia area.

On the podcast of his program, available through iTunes.

At his web site under “Listen Now.”

Watch him on the 30-minute DVD Fed Up, a program about the Federal Reserve featuring Dan, Steve Forbes, Ben Stein, T. Boone Pickens, and others.

Subscribe to his weekly newsletter detailing market trends, under “Resources and Tools” at financialissues.org.

Read Dan’s books

  • Fear of Money explains that the fear of losing money can be lost by giving it all to Jesus. Dan’s working on a study guide for small groups.
  • All for the Master is a 30-day devotional to help Christians realize that everything we have is God’s. “It’s all the Master’s: your time, your work, your goals, your objectives, your finances, your children.”
  • Bigger Kingdom or Bigger Barns? addresses estate planning.