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Should we invest our HOA reserves with a money manager?

| Budgets & Finance |  


Question:

We are in the process of establishing a policy for in vesting reserve funds for our condo association in the State of Pennsylvania. The board has hired a financial adviser to invest our funds in a 40%-60% Equity-Bond Fund split. Is this advisable or is it safe to just use Certificates of Deposit? Our first major expenditure will be in 10-15 years for roofing.


Answers (10)

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