Posted by William (18.104.22.168) on February 14, 2003 at 19:19:09:
In Reply to: The World Centre Endowment Fund posted by El Baquiano on February 14, 2003 at 08:49:06:
I appreciated your comments and the explanation of your concerns. I am in no way a financial person but I am wondering if you missed the point of the Finance Department when it wrote, these investments...." are aimed at preservation of the real value of these funds." The method of achieving preservation is investment in "several currencies". I don't see where investments are mentioned for the purpose of making money. I see the purpose of the investments as being the preservation of "the real value of these funds." I would think that "real value" is defined as a dollar donated is preserved as a dollar until the time it is spent.I get the impression that the Universal House of Justice is regarding the fund as a sacrificial trust not to be put at risk but preserved as best as possible.
Also in a spiritual sense what is the "real value" of these funds? I do not see, in light of the nature of the Baha'i Fund, how it could be risked for monetary gain through investment.
To imply that the UHJ has a store house of wealth is unfounded. I would think tne funds are being spent as fast as they come in. In this day and age you could not build a new world order otherwise.
What do you think?
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