{"id":4204,"date":"2021-04-05T20:31:18","date_gmt":"2021-04-06T00:31:18","guid":{"rendered":"http:\/\/bellemeade-ky.gov\/?p=4204"},"modified":"2021-04-05T20:31:20","modified_gmt":"2021-04-06T00:31:20","slug":"investment-committee-recommendation","status":"publish","type":"post","link":"https:\/\/bellemeade-ky.gov\/?p=4204","title":{"rendered":"Investment Committee Recommendation"},"content":{"rendered":"\n<p>One area of commission emphasis in 2021 is the investment of city savings. Our citizen investment committee met in January, February, and March and has provided a detailed recommendation for growing the city\u2019s funds in a safe and responsible way. In summary, the investment committee recommended that approximately 60% of the city\u2019s savings be invested in FDIC insured money market accounts, and the remaining 40% be invested in an exchange traded fund (ETF) portfolio which contains a stop loss trigger. This means if the fund loses more 10% of its value in a market downturn, the investment is automatically converted to a more conservative bond ETF portfolio. A complete copy of the recommendation can be found here: <\/p>\n\n\n\n<div class=\"wp-block-file\"><a href=\"http:\/\/bellemeade-ky.gov\/wp-content\/uploads\/2021\/04\/Investment-Committee-Recommendation-with-Exhibits_Redacted.pdf\">Investment Committee Recommendation with Exhibits<\/a><a href=\"http:\/\/bellemeade-ky.gov\/wp-content\/uploads\/2021\/04\/Investment-Committee-Recommendation-with-Exhibits_Redacted.pdf\" class=\"wp-block-file__button\" download>Download<\/a><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One area of commission emphasis in 2021 is the investment of city savings. Our citizen investment committee met in January, February, and March and has provided a detailed recommendation for growing the city\u2019s funds in a safe and responsible way. &hellip; <a href=\"https:\/\/bellemeade-ky.gov\/?p=4204\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7788,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5],"tags":[],"class_list":["post-4204","post","type-post","status-publish","format-standard","hentry","category-announcements","category-mayors-message"],"_links":{"self":[{"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=\/wp\/v2\/posts\/4204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=\/wp\/v2\/users\/7788"}],"replies":[{"embeddable":true,"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4204"}],"version-history":[{"count":3,"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=\/wp\/v2\/posts\/4204\/revisions"}],"predecessor-version":[{"id":4209,"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=\/wp\/v2\/posts\/4204\/revisions\/4209"}],"wp:attachment":[{"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bellemeade-ky.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}