Re: Question about Reserve Funds
From: Robert (
Date: Sat, 11 Mar 2006 06:22:18 -0800 (PST)

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]>
To: "Cohousing-L" <cohousing-l [at]>
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: 

Results generated by Tiger Technologies Web hosting using MHonArc.