Lake County Investment Portfolio

We have been asked to get the details of Lake County’s investment portfolio.  For those that like to read this type of data, we are only too happy to provide it for you.

Lake County Investment Portfolio – Details 10-31-18

Some interesting statistics for you to consider:

As of 10/31/18:
Cash or cash equivalents on hand          $157,614,014.39
Securities                                                      $125,605,204.50
Total                                                               $283,219,218.89

The estimated annual investment income is $5,040,521.21 (1.78% of cash and securities)

The estimated 2018 budget appropriations were $247,647,070.08.

When you have a big enough “nest egg” even a paltry 1.78% generates a lot of additional income.

What ever happened to the “good old days” when citizens could make 4%-5% on their CD just sitting in the bank?  Let me answer my own question. It makes me think of a take off on the lyrics of the old Jerry Reed country and western song…….the banks, politicians, and investment bankers got the gold mine, and the citizens got the “shaft”.



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3 replies

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  3. You got that right! Gone are the days where a citizen can safely save for retirement. Savings accounts used to have a decent rate of interest. There was a time when CDs had upwards of 20%. No, today we have been forced in the Vegas style stock market. I don’t gamble. I don’t like to gamble and I have zero tolerance for losing my money…hell too much of it is already being stolen from me in the form of TAXES. It was all part of the plan. The door to prosperity for all has been closing for a long damned time. This is why Trump is such a blessing…but you can’t undo decades of evil deeds by treasonous bastards in two terms (yes he will do two terms). There is a new sheriff in town…and methinks that some of those rats are gonna pay big. Politicians get arrogant when they get away with stuff for a long time…they think they can’t be caught. Plus, lawyers have written laws for legislators who are lawyers…and the people are the ones who are constantly getting screwed. NO MORE! As Trump and company clean out the D.C. swamp, it is up to us to clean out our respective swamps…and yes folks…there indeed is a swamp in Lake County. Buckle up Buttercup.

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