7 responses to The Amish Investment Fund Bankruptcy
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    Comment on The Amish Investment Fund Bankruptcy (December 19th, 2010 at 11:20)

    Too bad this happened. Another reason why to invest our riches where moth and rust does not corrupt!

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    Alice Aber
    Comment on The Amish Investment Fund Bankruptcy (December 19th, 2010 at 11:42)

    Very sad to hear of this happening. It does show that even the Amish are susceptible to today’s economy. Whether Mr. Beachy intentionally scammed the people or just had poor judgment remains to be seen. Naturally, most people will suspect the worse, especially outsiders, after all, it makes for good headlines.

    Keeping the community in my prayers.

    Mary, I agree, storing our treasures in heaven is always the best choice. However, it is not proven yet whether Mr. Beachy was corrupt or just made mistakes.

    Blessings, Alice

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    Mona Greer
    Comment on The Amish Investment Fund Bankruptcy (December 19th, 2010 at 12:12)

    Can’t seem to trust anyone these days……sounds like another Madoff situation…….but maybe not…..we shall wait and see tho……

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    Marcus Yoder
    Comment on The Amish Investment Fund Bankruptcy (December 19th, 2010 at 13:38)

    Amen Mary.

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    richard
    Comment on The Amish Investment Fund Bankruptcy (December 19th, 2010 at 15:24)

    i think as the amish become alittle more worldly as time goes on, things like this are going to happen more and more. maybe remaining and keeping things simple has its advantages sometimes, like in this case.i wonder if the amish as we know them now, will be the same in say 20,30,or even 50 years from now?. its a question only they will be able to answer, this is a question one day they are going to have to face, and one of those questions will be ” when will we stop, and how far are we willing to go”. i think alot of us look at the amish and see how things used to be, strong family ties, hard working,faith. a pure goodness thats not really seen much anymore in our non amish world, i only hope that maybe we are trying to become more like the amish, instead of them wanting to become more like us. only time will tell, and if i were a betting man, my money would be on the amish………….. richard….. trying to stay warm in lebanon,pa

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    plain lady
    Comment on The Amish Investment Fund Bankruptcy (December 20th, 2010 at 15:42)

    Just goes to prove……Being Amish does not make you exempt from financial failure or guarantee financial success. The economy seems to affect everyone these days.
    In times past, wouldn’t the Amish have been more immune to the ups and downs of the secular markets, or maybe just less tempted to be involved?

  • Amish more affected by the economy today than in the past?

    Hi Plain lady, it’s a good question. Way back when most Amish were on the farm, they were of course subject to fluctuations in milk prices and prices for other crops they raised, most of which they sold in non-Amish markets. Small industry of today focuses on consumer goods like furniture, necessities such as food, and also the tourist trade.

    So we’d have to look at how those markets are affected, which would vary. Amish who work in industries producing non-essential items (such as Amish working in RV plants in northern Indiana) have been pretty hard hit, it is true.

    On this Ohio fund failure case, I would say it sounds like it mostly comes down to one individual’s actions rather than Amish as a whole. Though the 2,700 investors in question did make the decision to trust the individual with their money.

    Steven Nolt has described the trust level among Amish as potentially a great strength or a great weakness (ie in the pretty rare cases when it is broken).

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