Cohousing-L Mailing List: Re: investing reserves - beyond fixed income

[David Mandel (dlmandel]

We put a considerable amount of our long-term reserves in some high-grade
tax-free municipal bonds and tax free bond mutual funds. Quite safe, much
better than CD returns (though that might not still be true for a bond
purchased now, interest rates have dropped so much). Also, considering that
between state and federal taxes the rate on investment income for the HOA is
around 40%, that seemed like a good idea.
David Mandel
Southside Park Coho, Sacramento

----- Original Message -----
From: "Jim Snyder-Grant" <jimsg [at] newview.org>
To: <cohousing-l [at] cohousing.org>
Sent: Wednesday, July 23, 2003 12:49 PM
Subject: [C-L]_investing reserves - beyond fixed income


>
> Jim here, from New View at Acton MA.
>
> Our reserves are slowly increasing, as is appropriate for a slowly aging
> development that will need expensive stuff in the future - roofs, siding,
> and so on.
>
> Right now all the money is in various fixed investments - savings, CDs,
and
> so on.
>
> Some, looking at our long time frames, and seeing how much difference a
> slight increase in return could make, have suggested exploring some
> investments that risk equity to various degrees in return for better
> returns - bond funds, index funds, socially responsible investment funds.
>
> Have other coho groups gone this route, or had these conversations? If you
> have, and are willing to talk about it, I'd love to get a couple of us
from
> New View on the phone with a few of you and pick your brains for a few
> minutes.
>
> Reply to me at jimsg at newview.org & let me know when might be good times
> to chat.
>
> Or, if you have short answers of general interest, reply to all..
>
> Thanks!
>
> -Jim, at New View cohousing in Acton MA.
>
> Brief news:
>
> A subcommittee is discussing whether or not to add some pavement somewhere
> for a basketball court. The court in the parking lot is getting very
> popular, but avoiding using the same surface for cars & people playing
games
> seems to many to be one reason they moved to cohousing.
>
> We are clarifying agreements for how committees can adjust their budgets
> mid-year.
>
> Yoga and Pilates classes in the Common House are on vacation for a bit &
> will resume shortly. We are about to start up an acting & expressive arts
> class.
> --
> Jim Snyder-Grant
> jimsg [at] newview.org
> 18 Half Moon Hill
> Acton MA 01720
> New View Cohousing
> http://www.newview.org
>
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