Greetings fellow board members,

After our last meeting, I spoke at length with a financial advisor that has practiced here in Fairbanks for about 35 years. I gave him a brief overview of our situation and asked for his views. He was very firmly in favor of us continuing our current conservative plan, maximizing our safety and minimizing our risk. His view is that the current market is overpriced and will retreat significantly in the near future, when that happens, we could take the opportunity to revise our investment strategy and become a bit more aggressive.
So, I am putting this out there, with a changed view on what we are doing with our reserve. I am fine with us having Krista at Wedbush arrange our funds into CD’s that are timed to best take advantage of the current conditions without risking our principal.

All the best, Dave