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 together with a packet of stock funds. Give or get got a few pct points, a typical Congressional portfolio powerfulness get got 10% inwards cash, 10% inwards bonds or bond funds, 20% inwards existent estate, together with 60% inwards stocks or stock funds.
But Ron Paul’s portfolio isn’t only different. It’s shockingly different.
Yes, close 21% of Rep. Paul’s holdings are inwards existent estate together with roughly 14% inwards cash. But he owns no bonds or bond funds together with has only 0.1% inwards 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 upwardly twice every bit much every bit its stock benchmark goes down.
The balance of Rep. Paul’s portfolio – fully 64% of his assets – is exclusively inwards gilded together with silvery mining stocks....
At our request, William Bernstein, an investment director at Efficient Portfolio Advisors inwards Eastford, Conn., reviewed Rep. Paul’s portfolio every bit gear upwardly out inwards 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 together with nine-millimeter rounds,” he says.
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