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.”
“Behind every great fortune, is a crime” - Honore De Balzac
“Doesn’t anyone wonder how it is these two grifters have come into that much money?”
Of course not...and hey, what are Brad and Angelina doing this weekend?
someone who hates “the rich” so much should give all she owns to the poor and follow the democrat party line.
why would she want to be “rich” and be hated?
for that matter, why don’t democrats get together and give up everything they own and give it to the “poor”? wouldn’t that be having integrity and doing what one believes to be the right thing which is demanded of so many others?
wouldn’t it be the right thing to do to give up everything one owns to the children in order to rasie taxes for the children?
I guess so. What the heck kind of work has she ever done to deserve that much wealth?
Is that the estimated conversion from Yuan? You know that currency is undervalued...
The figures noted don’t include the assets managed off shore by the pardoned Marc Rich
One of these days I’m, going to figure out how to access all the music Potlatch tells me you have.
2 cents or 50 cents, depending on your yardstick.
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You might start by trying both of our FR profile pages
Then try the many links and linked pages
Potlatch has quite a few on her profile page plus many links to many more
Mine are often “progressive” and lead to other webpages with more music and more links
What kind of music are you looking for?
I’ve got pages for the many (2) American Grafitti movies with about 40 on each
Lol, your Profile is a maze, people have got lost in it!
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One of my older profile pages had a ton of good sogs on it
But with my 56K dialup WebTV it too me toooo loooong to view and edit my own page!
Guess you can’t even get into it to make it into two pages?
Very funny, like to have seen you creating it!
I could make it into two if you upload to D.
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It was that huge page that had linked song titles in an inverted pyramid shape
Too much time and trouble to keep up
And no real organization to themes or types of music
[And no real organization to themes or types of music]
Lol, you are the one who thinks music has to be organized. I can’t even find some songs because I go by the title and not the singer!!
My page is just music I like, by the title.
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“File-Finder” at D
I’m not much good at finding new .wavs.....
Yes, I have to use it often now.
bttt
Therein lies the irony.Socialism for the rest of us,Ultra Capitalism for themselves!
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