Posted on 05/16/2013 12:52:33 PM PDT by SeekAndFind
You can tell a lot about somebody by the way they manage their money. So the latest financial-disclosure details from Barack and Michelle Obama provide fresh insights into the character of the world’s leading power couple.
The Obamas’ net worth is somewhere between $1.9 million and $6.9 million, according to disclosure rules that allow elected officials to report the value of their assets within a wide range, allowing for large swings in value. Obama has readily acknowledged he’s a member of the one percent, though he’s not nearly as wealthy as other presidents were during their tenures, such as both Bushes, Ronald Reagan and John F. Kennedy.
The Obamas don’t act like fat-cats either: Their investments are mostly plain-vanilla assets that Wall Street money managers might find naively simplistic. Yet the Obamas’ portfolio does reveal a certain worldview and an outlook for the future. Here are five takeaways from the Obamas’ disclosure forms:
In the long run, the Obamas have faith in the U.S. economy. Roughly 15 percent of the Obamas’ money is invested in S&P 500 stock index funds, which in general rise or fall along with the U.S. economy. This money is in retirement funds, so the Obamas aren’t planning to tap it for a couple of decades at least, but by putting a large portion of their overall nest egg in U.S. stocks, the Obamas are betting that the U.S. economy will remain dominant for years to come. These funds appear to be the only direct stock investments the Obamas have.
(Excerpt) Read more at finance.yahoo.com ...
They don’t have money... somebody else made that happen.
(shady real-estate deals, installed as prez, etc)
They certainly never spend any of their own money. We all get stuck with what they spend.
HUH....I thought there investments would be in a blind trust....????
The rich techies will toss Obama 100+ million for doing nothing, just like they did Gore.
Why save anything for retirement? Five years after leaving office his purported net worth will jump x10
No, just obese cats.
Even if he is not impeached, I don’t think there are many people who will BW throwing money at him ex rot for rich Muslims.
What a joke. The Obamas’ feet will never touch anything but red carpet again.
BS! Their money is all over the place courtesy of America Recovery Act and Stimulus “Investments”. Who are they kidding?! Wasn’t there a 30 Million Real Estate investment in Hawaii that got quieted last year?
Now I’m gonna be audited!
Off paper, they’re probably worth close to a billion, with all the back-channel bribes they been taking from the Arabs.
No, just lazy overall. I'm shocked they don't have more. Like all lazy people, they spend and waste, although a majority of the perks they enjoy are at taxpayer expense.
Honestly, they don't have much. Only $200G in cash for college? Ridiculous. And they still have a mortgage? Should have paid it off by now, and live interest free. Especially after Ayers and others got them into property cheap. Only 15 percent in S&P is not a large portion of their holdings. Kind of puny. They are not only lazy but also stupid investors.
do you really really think little Stasha and Malaria are going to have to pay tuition at those Ivy league schools they will attend?
Anything Offshore, in Switzerland, or parked with pals in Middle East?
And, they should be saving for acting lessons when First Wookie takes on Hollywood.
How does someone amass $6.9 million when the only job he's held for the past 20 years has been as an elected official? Oh wait..........
As a side note, Al Gore is now just short of being a billionaire.........
I thought most of Gore’s money came from Al Jazeera.
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