Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 3, 2008 2:43:42 AM CST

Learn about Newser Points »

« Back to the grid | Next story »

Obamas Play It Too Safe With Personal Finances

Posted May 8, 08 6:37 PM CDT in US,  Politics 

(Newser) – Barack and Michelle Obama invest their own money “very, very safely”—perhaps too conservatively, say Sam Grobart and Tara Siegel Bernard in Slate. The Democratic frontrunner and his wife only began rolling in the money recently and their portfolio—“for the most part, a collection of run-of-the-mill mutual funds"—shows a couple “who wants no risk of ever being middle-class again.”

The Obama holdings are in funds that skew toward bonds; given the couple's income level and relative youth, a financial adviser would certainly caution a more aggressive, stock-heavy approach. The piece notes the couple’s simple lifestyle, contrasting their $6,000-$24,000 annual household expenses with John McCain’s $270,000 household-help budget.

Source Slate

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • 'This Is Our Moment. This Is Our Time.'

    Nov 4, 08 11:56 PM CST
    'This Is Our Moment. This Is Our Time.' President-elect Barack Obama addressed the country and the world for the first time tonight, vowing to unite a nation beset by trouble at home and abroad, the Chicago Tribune reports. "Change has come to America," Obama told a crowd of tens of thousands at Chicago's Grant Park and millions more watching around the world. "Our stories are singular, but our destinies are shared."
    More »

  • Mock Her at Your Peril: Palin Speaks Real American

    Oct 30, 08 1:06 PM CDT
    Mock Her at Your Peril: Palin Speaks Real American The discomfort Sarah Palin causes in liberals, and even many conservatives, stems from a fundamental disconnect between the educated elite and real America, Michael Novak writes in the National Review. Solid, humble citizens hear a familiar ring to Palin’s oft-mocked accent: “The same guts. The same common sense. The same instincts. The same sense of America.” More »

  • Dancing With the Pols Has Web Shimmying

    Oct 27, 08 2:42 PM CDT
    Dancing With the Pols Has Web Shimmying Here’s an issue that’s gone largely unaddressed on the campaign trail: Which candidate can bust a move for America? A number of videos floating around the Internet attest to Barack Obama’s and John McCain’s ability to groove, the Chicago Tribune reports. Ellen DeGeneres held a Barack-Michelle dance-off, and some tricky filmmakers superimposed Obama and McCain heads on break-dancing bodies. See clips at left. More »

  • McCain to NYT : Don't Mess With the Missus

    Oct 18, 08 4:16 PM CDT
    McCain to NYT : Don't Mess With the Missus The McCain campaign and the New York Times are at it again after the paper published a partly unflattering profile of Cindy McCain today, Lynn Sweet reports for the Chicago Sun-Times. Mrs. McCain’s lawyer fired off an angry letter at the Times, asking why it drudged up old stories on Cindy's drug use and charitable life. "You have not tried to find Barack Obama's drug dealer that he wrote about in his book," he wrote. “There is a terrific lack of balance here."
    More »

  • Guess How Many Cars I Own?

    Sep 22, 08 8:53 AM CDT
    Guess How Many Cars I Own? The McCains own almost twice as many cars as they do houses, and a few members of the fleet are foreign—despite John McCain’s recent assurances to Detroit that "I've bought American literally all my life.” Thirteen cars are registered to John and Cindy McCain, Newsweek discovered in a search of public records.The number of vehicles registered to Barack and Michelle Obama? One.
    More »

Barack Obama's house   (Flickr)
Democratic presidential hopeful Sen. Barack Obama.   (AP Photo/Susan Walsh)
Democratic presidential hopeful Sen. Barack Obama, D-Ill., and his security detail.   (AP Photo/Susan Walsh)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 5)

Tags

Barack Obama • John McCain • Michelle Obama • investments • mutual funds • retirement fund


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Politics Stories

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »