In previous posts, we’ve discussed how nonprofits should strive to hold enough cash to take advantage of unexpected opportunities or unplanned losses. To hammer home the point, we asked Aron Chazen, CEO of Treasury Curve, for his perspective about cash reserves. Among Treasury Curve's clients are public sector institutions, looking to manage pools of taxpayer money and other public funds to ensure cash is deployed Read More
Won the Lottery? Don’t Do This.
Your adult son is asking you for money again. He wants $100,000 to open a second restaurant to expand into a new market. You’re inclined to gift him the money since his first restaurant has been a great success. But here’s the thing: he’s sitting on $44 million after winning the lottery a few years ago. He invested the proceeds prudently so that the performance gains alone have amounted to almost $3 million a Read More
VIDEO: 3 Reasons You Should Care About Purchasing Power
Like What You've Seen? Sign up with your email address to receive news and updates. We respect your privacy. Talk to the financial experts at Fairlight Advisors to learn more about managing your nonprofit’s investments. Schedule a free consultation today! Talk to the financial experts at Fairlight Advisors to learn more about managing your nonprofit’s investments. Schedule a free consultation today! Talk to Read More
Can You Afford the Zombie Apocalypse?
Debbie, a successful businesswoman, informs her new boyfriend that she keeps a duffel bag with eighty thousand dollars in cash hidden in her closet for an unexpected need. “Might come in handy for the zombie apocalypse,” she adds. This scene from a gripping crime drama I watched the other night made me of think of purchasing power. Let’s set aside the wisdom of leaving cash in a duffel bag and then telling a guy you Read More
