Condo Q&A

Should we invest our HOA reserves with a money manager?

Written by CondoAssociation.com | Mon, Apr 3, 2017 @ 11:02 AM

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.