I have loved life at The Villages. So many things going on. I often passed on a Villager to outside friends to show them what they are missing. Now all our news is behind protected passwords! None of it is secret, why make it so hard to get to? I’m now 90, use a walker, and can’t participate much but I used to read all the FastLane news because emails are available with one click. Not anymore. I may never bother to get on the new portal because I hate doing things on line. This has made my life here less happy.
—Lorrie Scott
Proposed changes to Club Policy CPO 305 Investment Policy for formal approval consideration by the Board will be on August 27. The proposed change is to invest in a diversified portfolio. The goal of this is to have our invested dollars as a minimum to maintain their current purchasing power. The current policy of investing in Bonds and CDs does not keep up with the Cost Performance Indices or Cost of Living Indices. Stated another way, in my opinion, with any diversified professionally managed portfolio in the last 10 years, the gains would have exceeded the CPI increasing our buying power not decreasing it. The average rate of return for CD for the last 5 years per Forbes was 1.43 %. Does this even come close to keeping up with our current inflation?
I would argue that the benefits of the proposed changes to CPo 305, far outweigh the risk.
—George Welch
