Chuck Bentley Answers: What Should I Do With My Investments During a Crisis?

Dear Chuck,

I’m fatigued from all the “fake news,” flawed forecasts, imagined scenarios, and conspiracy theories that are circulating in the world today. How do I know what is true or false anymore! I am trying to decide what to do with my investments but feel paralyzed right now.

In a Holding Pattern

Dear In a Holding Pattern,

I too have struggled with the very same fatigue. It has caused me to question if we are experiencing a “great delusion” that God sends when the lie becomes the truth and the truth becomes a lie. (See: II Thessalonians 2:11)

Whatever God’s purpose is in this time, we must be vigilant to guard our minds from deception. Let’s talk about that, and then I will offer some investment advice.

Avoiding Deception

Jeff Hancock, founding director of the Stanford Social Media Lab and a professor of communication in Stanford’s School of Humanities, wrote an article that reveals the reasons why people are deceived in the uncertainty about the coronavirus and how to guard against it.

Hancock says social media is a platform that provides information quickly. Because we are naturally drawn to bad news, anxiety builds within us. We believe wrong or deceptive information to reduce uncertainty. Conspiracy theories, for example, allow us to place blame somewhere, making us feel better.

The motivation for fake news, misinformation and disinformation:

●      To make money

●      Partisanship – blame political opponents

●      To disrupt and confuse

Some Tips for Sorting Fact from Fiction

Do your homework. Don’t believe it or share it until you verify it. Coronavirus news (or any topic for that matter) should be double-checked. Look for cues like unknown sources, unusual number of endorsements, and a focus on partisan topics. Do research to see if there is any contrarian opinion or thoughts about an issue or data or theory.  Often, I will search for information about the writer or author as well as the people in the story. After learning more, ask yourself, should I increase or decrease my confidence in the story based upon what I learned about the individual?

Click here to read more.

SOURCE: Christian Post, Chuck Bentley