CAI-NJ Feb. 2019

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9. No investment policy Community associations can some- times have large amounts of money in their accounts, and that money should always be invested with specific goals in mind. These are the 3 priorities you should follow when investing: 1. Protection – Monies should be invested in very low risk invest- ments with banks that have FDIC protection. Types of investments you should consider are: Money Markets, Certificates of Deposit, Laddering CDs, and Insured Cash Sweep (ICS). 2. Liquidity – Cash should be available when it’s needed, so it’s vital that any investments be quickly accessible.

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