Re: Question about Reserve Funds | <– Date –> <– Thread –> |
From: Robert (robertenocommons.org) | |
Date: Sat, 11 Mar 2006 06:22:18 -0800 (PST) |
Steve, How much much money are you talking about? Eno Commons is smallish community (22 households) and have about $41K in reserves the bulk of which are in CDs. Somehow I do not believe the Common House's phone will be ringing off the hook from offers on where we should invest our funds. -Robert Heinich Eno Commons Cohousing Durham, NC where we will have our annual retreat Sun 2006Mar12 ----- Original Message ----- From: "Steve Gere" <sgere [at] pacbell.net> To: "Cohousing-L" <cohousing-l [at] cohousing.org> Sent: Friday, March 10, 2006 9:53 AM Subject: [C-L]_ Question about Reserve Funds > Hello everyone, > I am Steve Gere and am part of the Berkeley cohousing community. We are > currently going through our every 4 year update of our reserve study. > One of the elements of the study is the premise of how much the funds > earn after taxes. Thus, our investment strategy is part of this review.. > Last year, we decided to invest our reserve funds in a diverse portfolio > of money market funds, community loan funds, mutual funds and bond funds > that we all agreed had a low risk of loss of principal. We are > revisiting this decision this year and some of our members are > uncomfortable with the risk associated with loss of principal. We > realize that most of the advice we can find is that condo association > reserve funds says that this money should all be in cd's and money > markets. The author of the Complete Guide to Reserve Funding & Reserve > Investment Strategies is pretty adamant about this. > I am writing to you to see if there are any other communities that > invest their reserve funds in anything other than cd's and money > markets. If so, are you willing to share that information either on the > list or via email? > Thanks in advance and Happy Friday, > Steve > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > >
- Re: Food Values, (continued)
- Re: Food Values ken, March 5 2006
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RE: Food Values Douglas G. Larson, March 10 2006
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Question about Reserve Funds Steve Gere, March 10 2006
- Re: Question about Reserve Funds Martin Sheehy, March 10 2006
- Re: Question about Reserve Funds Robert, March 11 2006
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Question about Reserve Funds Steve Gere, March 10 2006
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RE: Food Values Alexander Robin A, March 10 2006
- RE: Food Values Bonnie Fergusson, March 10 2006
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Re: Food Values Fred H Olson, March 12 2006
- Re: Food Values Steve Gere, March 12 2006
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