Meltdown for Hillary?
Posted on 12/15/2007 6:13:01 PM PST by COUNTrecount
WHAT SHE’S GOT
Cash and Bonds: $30.1 million
Life Insurance: $140,000
Retirement Funds: $33,000
Alternative Investments: $248,000
Houses: $5.9 million
Mortgages: $1.5 million
WORTH: $39.9 MILLION
2006 Income: $12.1 million
WHERE SHE GOT IT
When Bill Clinton first ran for President in 1992, Hillary provided most of the couple’s income working for the Rose law firm in Little Rock; he earned only $35,000 a year as governor of Arkansas.
Although she takes in $165,200 a year as a senator, these days Bill is breadwinner-in-chief. His presidential pension is $201,000 a year, and he grabbed a $12 million advance for his 2001 memoir, “My Life.” (Her “Living History” won an advance of $8 million and $7 million in royalties.)
But it’s been Bill’s great gift for gab that has really feathered the Clintons’ nest. He earned an astounding $41 million speaking to groups and corporations in the first six years since he left office. Standard fee: $150,000. The fact that he may be married to the next President can only burnish his star power.
WHERE IT GOES
Until May 2007, the Clintons had cash and a blind trust. When Hillary launched her campaign, however, she (and Mitt Romney) had to “unblind” the trust to comply with Executive Branch rules, so the contents became public. The Clintons’ money was spread among 190 mostly large-cap stocks from A (Abbott Labs) to Y (Yahoo) with a sprinkling of New York State and U.S. bonds.
Jason Mirsky of RiskMetrics assessed the portfolio as aggressive but not foolish. A Black Monday event, he says, would have lost the Clintons about 16.5 percent of their portfolio’s value.
Anxious about potential conflicts, the Clintons sold everything but the U.S. bonds. Allan Roth of Wealth Logic estimates the move cost $500,000 to $1.8 million in taxes. “They have done their fair share to shrink the budget deficit,” he says.
HOW SHE COULD DO BETTER
The Clintons’ cash hoard leaves them exposed to inflation, says Roth. Federal and state taxes put them in the 40 percent bracket, so the after-tax net on a 5 percent yield would be only 3 percent.
The Clintons should invest half their money in the stock market, using broad index funds to avoid conflicts of interest. If they set up a new blind trust, they should confine themselves to 30 to 50 securities.
“With the old portfolio,” says Mirsky, “they had a lot of fragmented positions that didn’t do much but add to their transaction costs.”
most of their lives on the government dole.
bob dole, that is!
/s
Doesn’t anyone wonder how it is these two grifters have come into that much money?”
GRIFTERS: A perfect description of all the Clinton’s...
Imagine how rich she would be if she put it all into playing cattle futures!
Al Gore is chief lobbyist for U.S. institutions and investors who are already buying up carbon units overseas at depressed prices. Once the U.S. joins the new treaty those carbon credits will go way up in value. They can be sold to U.S. utilities and manufacturers. California and nine other states are formulating a carbon trading system.
US INVESTORS WILLING TO TRY CARBON EMISSIONS TRADING
11 Dec 2007
US investors believe carbon emissions trading is the best way of obtaining exposure to the climate change theme, despite the country not establishing a federal program on the issue.
More than a third, 40%, of the 150 participants at UK bank Barclays Capital’s US commodities investor conference in New York last week said carbon trading would be their preferred way into the environmental markets.
http://www.financialnews-us.com/?page=ushome&contentid=2349366287
$34.9 Million. When she leaves this world, she’ll leave just as she entered it - with nothing. It will just be a lot hotter.
I'd like to see them be forced to give it all up to the Federal Government. It would serve them right. I begrudge no one their wealth, with the exception of the Clintons.
or in hilliarys case about 258 mil. in Chinese currency
How much did they steal out of the White House when they left?
Exactly. I really have a hard time listening to the Clintons tell the rest of us how to be virtuous.
I find that to be a shocking amount.
Who says that crime doesn’t pay?
Remember the scandal of Reagan’s $2 Million for a speaking tour of Japan? And it was all spent on his care the last ten years of his life.
Good post. Her face erodes when extra large, lol.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.