Investment Advisor for Coop
Hi all, My coop needs an investment professional to help us with investing part of our reserve fund. Thanks!
Hi all,
My coop needs an investment professional to help us with investing part of our reserve fund.
Thanks!
You dont think it makes sens to take a portion of your reserve fund and try to make a bit of return on it in CDs, Treasuries, etc if you have a reserve fund that is not flush (by any means) but is over, say $100k for a building with more than 75 units?
I know there is no right/wrong answer, but I am interested in learning what the reasoning might be for or against FDIC insured investments (CDs) or (if they start paying better) perhaps “safe” investments like treasuries…
this doesn’t make a lot of sense–if you have a surplus of cash in your reserve fund, lower your maintenance or pay off some of your underlying mortgage if you have one.
The reserve fund is supposed to be cash on hand for emergencies. If it’s invested it won’t be cash.
I personally would not give my money over to a building to invest. Makes no sense. Your only joint investment should be the building itself. Even that is hard enough to manage sometimes.