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Time Value of Money for Condo Reserve Funds

Time Value of Money: One Month Cost The Condo Reserve Fund 0.43%

Time Value of Money: In the complex financial landscape of condominium management, every decision, or in this case no decision carries weight. As we delve into the intricacies of the Condo Reserve Fund, January 2024 emerges as a critical month setting the stage. The ripple effect of uninvested or underinvested… Read More »Time Value of Money: One Month Cost The Condo Reserve Fund 0.43%

Deposit Insurance - US Deposits by Bank

Silicon Valley Bank Collapse -Wake Up Call for Big 5 Canadian Depositors

On March 10, 2023, the FDIC in the US took over Silicon Valley Bank (SVB), and announced that Deposits insured by Deposit Insurance would be made available and that non-insured balances > $250,000 would be frozen and potentially put at risk. By March 13, 2023, the FDIC, worried about contagion… Read More »Silicon Valley Bank Collapse -Wake Up Call for Big 5 Canadian Depositors