Rob West

Making the “Right” Investing Decisions with Mark Biller

January 18, 2021
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“Trust in the Lord with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths.” Proverbs 3 makes no exceptions include God in all your decisions and he’ll make straight your path. That includes investing. Today, host Rob West talks with investing expert Mark Biller to find out how we do that. Mark Biller is the executive editor at Sound Mind Investing.

Then it’s your calls at 800-525-7000.


·      The uncomfortable reality is predictions are a flimsy way to build an investment portfolio. Investing is about probabilities, not certainties. We’re trying to stack these probabilities in ways that give us the best overall chance of success, recognizing some things will always play out differently than we expect.

·      If we’re willing to admit that making accurate predictions is unlikely and the whole prediction exercise is probably unhelpful, we start to see that making the “right” investment moves isn’t necessarily something we should measure simply by which investments made the greatest gains.

·      First, the right investing decision is always one that’s consistent with a specific, biblically sound, long-term strategy that you’ve adopted

·      This tends to happen by default, because most individual investors are responders — meaning they react to outside information as it comes across their path, and make investing decisions on a case-by-case basis without much thought to the big picture. Our goal at SMI is to help our members be initiators rather than responders. That’s someone who develops an individual investing strategy tailored to their personal temperament and goals.

·      First, always pray over your investing decisions. Second, seek out and listen to good counsel. And third, give yourself time to reflect - don’t be in a hurry to decide. 

·      As you’re going through these three steps, examine your motives - that can help steer you around dangerous pitfalls. And if you’re married, pray with your spouse and talk it out until you reach agreement - you need to both own your investment decisions since you’re in this together.

·      As far as the investing specifics, seek experienced Christian counsel, whether that’s working with a Christian advisor or using a “do-it-yourself-with-help” type service like what Sound Mind Investing provides.

·      The right investing decision is always one you understand. Most people don’t need a complicated approach. So give yourself a break. Skip the complicated stuff and educate yourself on the basics. 

·      The right investing decision is one that is prudent under the circumstances. Investments that offer higher potential returns also carry greater risks of loss. How much of your investing capital can you afford to lose and still have a realistic chance of meeting your financial goals?

·      The right investment step is one that protects you in the event of occasional worst-case scenarios. Generally, this moves you in the direction of increased diversification.


Mark Biller of Sound Mind Investing has been our guest today. You can read more about today’s topic in their excellent article, “Making the ‘Right’ Investing Decisions in 2021 – and Beyond” at


Here are a couple of questions we answered from our callers on today’s program:


·      My husband is semi-retired. I have 10 more years of working. How much life insurance should we have?

·      My wife has been a stay at home mom for the past 10 years. All the children are in school now, but my wife does not want to go back to work. It would be helpful financially if she did. What is your advice on this subject?



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About MoneyWise

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio programs MoneyWise and The MoneyWise Minute heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


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