Cohousing-L Mailing List: Re: reserve fund investments

[Kathryn McCamant (kmccamant]

Re Investment of Reserves: 

Here at Nevada City Cohousing, we’ve never been able to get the community to be 
willing to take some risks to “better” invest our reserve savings so we make 
any interest. The problem with not finding a way to invest (socially 
responsible, of course) is that we are losing money every year to inflation as 
construction cost goes up more than we are getting interest on our savings. I 
think we are typical, in that most communities probably don’t invest their 
reserve funds or savings to 1) make interest, and/or 2) at least put them to 
work for some good cause.  If we treated our retirement savings the way we 
treat our reserve fund savings, we would greatly reduce what we have to retire 
on.   In order for a community do to that you would need consistent leadership 
on this issue that the community would trust. Those who tried to get us to 
consider this some years back got discouraged because the community was so 
conservative…they’ve not tried again since. 

Katie 
-- 
Kathryn McCamant, President
CoHousing Solutions
Nevada City Cohousing
Nevada City, CA 95959
T.530.478.1970  C.916.798.4755

www.cohousing-solutions.com