As reported yesteryear the Wall Street Journal:
Most members of Congress, similar many Americans, concur to a greater extent than or less existent estate, a few bonds or bond usual funds, to a greater extent than or less private stocks in addition to a package of stock funds. Give or lead keep a few per centum points, a typical Congressional portfolio powerfulness lead keep 10% inward cash, 10% inward bonds or bond funds, 20% inward existent estate, in addition to 60% inward stocks or stock funds.
But Ron Paul’s portfolio isn’t simply different. It’s shockingly different.
Yes, most 21% of Rep. Paul’s holdings are inward existent estate in addition to roughly 14% inward cash. But he owns no bonds or bond funds in addition to has only 0.1% inward stock funds. Furthermore, the stock funds that Rep. Paul does ain are all “short,” or brand bets against, USA stocks. One is a “double inverse” fund that, on a daily basis, goes upward twice every bit much every bit its stock benchmark goes down.
The residual of Rep. Paul’s portfolio – fully 64% of his assets – is exclusively inward aureate in addition to silverish mining stocks....
At our request, William Bernstein, an investment managing director at Efficient Portfolio Advisors inward Eastford, Conn., reviewed Rep. Paul’s portfolio every bit laid upward out inward the annual disclosure statement. Mr. Bernstein says he has never seen such an extreme bet on economical catastrophe. ”This portfolio is a half-step away from a cellar-full of canned goods in addition to nine-millimeter rounds,” he says.Sumber https://gregmankiw.blogspot.com/
