X-Message-Number: 2221
From: 
Subject: CRYONICS Alcor investments
Date: Sun,  9 May 93 02:03:00 PDT

To: Cryonet
From: Carlos Mondragon
Re: Misc.

The recent "cold room" thread has been very encouraging.  Not just because 
the  project looks feasible, but also because it has been  a  *productive* 
use of this forum.  What a breath of fresh air!  Brian Wowk, Steve  Harris 
and all the others who have contributed deserve our thanks.

I  don't  have much to contribute technically, but on the  financial  end, 
Brian was right when he replied to Mike Riskin on the economies  involved.  
Clearly, this project would have to be internally financed and that action 
would be in line with good policy.

However, while off on a tangent, Brian was way off the mark when he  wrote 
the following:

>Alcor's policy of holding most of the Patient Care Fund in 
>low-yielding cash instruments has simply got to stop, or that Fund 
>will have no long term survival.  Inflation will kill us (literally).  

News flash:  ALCOR HAS NOT OWNED ANY T-BILLS FOR AT LEAST 9 MONTHS!  

I'm  pretty  sure  this fact has been made clear a few  times  before.  (I 
realize  that when you get used to complaining about something, it can  be 
very difficult to acknowledge that its been fixed.)  

The Patient Care Trust Fund's largest investment is in a mutual fund which 
invests  in  adjustable rate mortgages which are  gov't  guaranteed.   The 
second  largest chunk of money is in various utility common stocks  (these 
are as closely tied to the same inflationary forces as patient expenses as 
you  can  get, i. e. cost of energy sensitive).  Smaller  amounts  are  in 
corporate bond funds and even some growth stock!

There  is,  of  course,  always room  for  improvment  in  our  investment 
portfolio, but please, the "T-bill" complaint is a dead horse.

Regards,
Carlos

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