I was recently asked in my article at the Christian Post, “What is your take on ‘investing’ in money market funds? Is this not a different way of gambling which is forbidden by the Bible? “
I have no problems with money market funds or other legitimate means of investing. The real need is to understand the difference between gambling and investing.
The difference between these two is vast but can be confusing, especially for those who don’t regularly engage in either, because there is risk in both. At the heart of it, gambling is based upon chance, and all must lose for one to gain. But investing is based upon knowledge and all have the opportunity to win. Both involve risk, but only investing allows everyone to benefit.
And investing also provides an opportunity to contribute to a larger good – an…