It is no longer news that coronavirus pandemic is causing unprecedented financial upheavals and major shift in the lives of people around the world. Among the results of this pandemic is depreciation of assets especially stocks.
For example, the Warren Buffett’s investment firm Berkshire Hathway posted record losses of nearly $50 billion i.e., $30,658 per share. Nearly all of Berkshire’s 90 companies, which include Coca Cola, Bank of America, Apple and American Express, have been injured by COVID-19.
However, some companies are unperturbed. In fact, they are thriving. For example, Gold fields (GF) has appreciated by more than 45 % this year while the international financial technology company Market Axess Holdings Inc’s shares have risen more than 60%. Also, in the last 52 weeks, NVIDIA Corporation and Regeneron Pharmaceuticals Inc have appreciated by 62 and 53 % respectively.
Look at the Gold fields trend again. A 163 % profit in the last one year. This is startling. I once thought that I would not be making 14 % loss on my JSE-holding if the Holy Spirit had led me to sell some shares and buy more of GF instead. But, I told myself that God does need my portfolio at JSE to do well before He could help me to thrive during this difficult time.
Just like few companies above are flourishing in times like these, we too can prosper despite what the circumstances around us look like because our prosperity depends on God. Mind you, this my definition of prosperity: Having all your needs met and being able to give to those in need. Our God is able to meet all our needs at every time and in every situation although we may not get all that we want.
“You can be sure that God will take care of everything you need, His generosity exceeding even yours in the glory that pours from Jesus.” Scripture
