[OMS_MANAGERS] Investing

[Jonathan Stone]

How much are you looking to invest? You should keep everything above a
rainy day reserve in savings. You can put the rest in a CD. I am on the
board of an organization that has a couple hundred thousand in savings.
That account earns .75% per year. Additional assets are saved in a CDARS
account.
On Tue, Feb 27, 2018 at 8:30 AM Sarah Lu Heath <sarah at astoriadowntown.com>
wrote:

> THANKS!
>
> Liquidity is obviously a concern - do you know of a standard formula for
> how much to keep in cash, short-term investments, and long-term investments?
>
> Sarah Lu Heath
> Executive Director
> Astoria Downtown Historic District Association
> No.1-12th Street, Suite 114
> <https://maps.google.com/?q=No.1-12th+Street,+Suite+114&entry=gmail&source=g>
> PO Box 261
> Astoria, OR 97103
> 503.791.7940
> www.AstoriaDowntown.com
>
> -----Original Message-----
> From: OMS_MANAGERS [mailto:oms_managers-bounces at listsmart.osl.state.or.us]
> On Behalf Of Paul M Cohen
> Sent: Monday, February 26, 2018 3:38 PM
> To: 'Oregon Main Street program managers' <
> oms_managers at listsmart.osl.state.or.us>
> Subject: Re: [OMS_MANAGERS] Investing
>
> The Beaverton Downtown Association does not do this but other 501
> organizations I work with do but only with very safe investments or
> guaranteed investments which today typically pay <1% for short term and
> less that 3% for 10 year investments. You also have to be careful if you
> have more than ~$250K at any one bank because anything over that is not
> federally insured unless you take special measures.
>
> In long past years when short term rates were 5% and long term over 10%
> and inflation was significant, investing was standard practice; as interest
> rates and CPI dropped investing to earn more has become more difficult and
> risky. Also if you do invest Reserve Funds for > 1 year and you run into an
> emergency you have a problem.
>
> Today non-profits I work with are earning .5% on our reserve funds but we
> have complete access to them, at least 1 is looking into a 1 year Federally
> Insured CD at 2.5%, 5 year CD's today are also paying 2.5%. Rates quotes
> are from Google and typical of what may be available.
>
> -----Original Message-----
> From: OMS_MANAGERS [mailto:oms_managers-bounces at listsmart.osl.state.or.us]
> On Behalf Of Sarah Lu Heath
> Sent: Monday, February 26, 2018 1:18 PM
> To: Oregon Main Street program managers
> <oms_managers at listsmart.osl.state.or.us>
> Subject: [OMS_MANAGERS] Investing
>
> Hi All,
>
> Do any of your organization invest your reserve funds? We're looking at
> getting our money to earn more money, but would like to avoid reinventing
> the wheel, with guidelines/bylaws/regulations.
>
> Any advice is appreciated - any documents would be huge!
>
> Thanks,
> Sarah Lu
>
> Sarah Lu Heath
> Executive Director
> Astoria Downtown Historic District Association No.1-12th Street, Suite 114
> <https://maps.google.com/?q=No.1-12th+Street,+Suite+114&entry=gmail&source=g>
> PO Box 261 Astoria, OR 97103
> 503.791.7940
> www.AstoriaDowntown.com
>
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>
> Questions related to message content should be directed to the sender of
> the message, by phone or email.
> Technical questions? Call 503-378-8800.
> _______________________________________________
> OMS_MANAGERS mailing list
> OMS_MANAGERS at listsmart.osl.state.or.us
> http://listsmart.osl.state.or.us/mailman/listinfo/oms_managers
> Hosted by the State Library of Oregon. The Library is not responsible for
> content.
>
> Questions related to message content should be directed to the sender of
> the message, by phone or email.
> Technical questions? Call 503-378-8800.
>
-- 
Jonathan Stone
Sent from my iPhone
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