HOA Investments – Can An HOA Buy A Mutual Fund Or Other Non-FDIC Security??? – Maybe… But It Shouldn’t

Can a California Homeowner’s Association (“HOA”) invest in mutual funds or other potentially “risky” investments (as opposed to traditional FIDC savings accounts, CD, etc.)?   This appears to be a hot topic right now, given the low/zero interest rates traditional FDIC investments are returning, with HOA Boards, and members alike, eager to get more return on […]