CAI-NJ March 2022

SUCCESSFUL BOARD... from page 28.

will find themselves with a large accu- mulation of cash in their replacement and / or deferred maintenance funds. Although they mean well, board mem- bers may seek to maximize the return on these monies by investing in stocks or other equity-based investment options. While doing so can provide a lucrative return, it also comes with a risk. Investing in these types of securi- ties often places the principal portion of the investment at risk, meaning that the association may lose money that was previously accumulated for future capital projects. As a board member, it is essential to remember that you are investing money on behalf of every

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