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visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
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Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
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learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!
I work for a very large pension fund at a large NYC insurer. I am also a president of a Co-op Board. Our investing approach is dynamic. From a risk perspective, our Board prefers to have little or no risk to principal. I like the Vanguard long term treasury funds (VUSUX) when interest rates are falling and Vanguard Short Term Treasury Funds (VSGDX) and bank CD's when interest rates are likely to rise. Also, if you have over $100k invested in a fund, you can get their Admiral Shares which have a lower imbedded cost. Switching to the long term vanguard fund last year allowed us to earn $80k or so in interest/dividends/realized & unrealized gains last year on a base of about $600k - which was very good for the type of year that it was. Our earnings are much less this year however we were able to turn the unrealized gains from last year into realized gains this year.
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