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Info Concerning The President’s Finances Released

People have grilled President Obama on just about every conceivable issue, and all sorts of stuff is known that perhaps he hasn’t formally shared, too.  Now, a report on the First Family’s finances has come out, and since it falls within the scope of this site, well, off we go.

The first thing that becomes apparent is that the current residents of the White House aren’t ever going to be living in the poorhouse.  While everything isn’t exactly clear, it looks like the Obamas have between $1.4 million and $5.9 million socked away.

As for some details, George Mannes writes, “His biggest holding, by far, is his stake in U.S. Treasury bills - somewhere between $1.05 million and $5.1 million.  The next biggest chunk is the $100,000 to $250,000 that Barack and Michelle have in their joint checking account.”

And if you want to financially follow in the footsteps of our nation’s leader, you may also want to know that the one and only mutual fund he and his wife have invested in is the Vanguard FTSE Social Index fund (VFTSX).

This makes for an interesting snapshot, all in all.  Pundits should have fun weighing the “patriotic-ness” of Obama’s portfolio against different investment strategies over the next few days.


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