HOA Homefront Q&A: Investing, growing and withdrawing reserve funds

/ Owner - June 14, 2019

Q: I am a member of my HOA board. Our prior management company had done all of our investments (from our direction) for our reserve funds. FDIC insured CDs were used as we understood that they were required by California law. We saw that the interest rate income from FDIC insured funds did not cover inflation increases and considered utilizing a financial firm to assist us to find some other opportunities that better protected our reserve assets using a combination of FDIC and SIPC insured securities.     Read the Q&A………………………

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