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By CondoAssociation.com • April 3, 2017

Should we invest our HOA reserves with a money manager?

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.

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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