Cohousing-L Mailing List: Re: Investments of reserve funds

[Larry Miller (larry.miller]

I would hope that no one does. Our CC&Rs and many others directly prohibit 
that. This is a very
questionable practice at best. If a homeowner association should take a 
substantial loss in
reserve funds, it puts the entire financial health of the community at risk. 
These should not be
funds considered at risk.

Our funds are invested in bank money market funds and in CDs.

Larry Miller
Oak Creek Commons

-----Original Message-----
From: Terri [mailto:terri [at] phch.org] 
Sent: Friday, February 13, 2009 8:21 PM
To: cohousing-l [at] cohousing.org
Subject: [C-L]_ Investments of reserve funds


Does anyone have their reserve funds invested in mutual funds/bonds? If so, who 
have you used as
an advisor? If not, where are your funds invested?

Respond privately if you like to :
terri [at] phch.org

Thanks.

Terri Hupfer
Pleasant Hill Cohousing
Bay Area, CA
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