At Extreme Investor Network, we believe that personal finance is not just about growing your wealth, but also about making smart and ethical investment decisions. That’s why we were intrigued when financial experts described Vice President Kamala Harris’ investment style as “boring.” Despite seeking the highest office in the U.S., Harris maintains a relatively conflict-free financial portfolio.
In her role as vice president, Harris filed a public financial disclosure report for 2023, revealing her preference for passively managed index funds. This approach was praised by experts for its transparency and simplicity.
One key point to note from Harris’ disclosure is the couple’s extensive fund investments, with Harris listing eight different funds and her husband, Second Gentleman Douglas Emhoff, listing over 30 funds. Experts suggest that the couple could streamline their portfolio to reduce overlapping exposure and simplify their investment strategy.
Additionally, the disclosure sheds light on Harris and Emhoff’s significant cash holdings, which may total around $850,000. While this cash serves as a safety net, investors should shop around for the best rates to maximize returns.
Harris also holds a 2020 mortgage with an initial rate of 2.625% on a personal residence ranging between $1 million to $5 million. While this adjustable-rate mortgage offers a low rate, it will expire after seven years, potentially exposing the couple to rising rates in the future.
Furthermore, Harris lists royalty income from her children’s picture book and memoir, showcasing how a “side gig” can contribute to household finances. This income, though modest, highlights the value of diversifying income sources.
Finally, Harris’ disclosure includes a gift of Beyoncé concert tickets in 2023, revealing her long-standing admiration for the singer. This personal touch humanizes Harris and adds a relatable element to her financial profile.
At Extreme Investor Network, we believe that transparency, simplicity, and ethical investing are key pillars of personal finance. By analyzing and learning from public figures like Vice President Kamala Harris, investors can gain insights into building a solid and conflict-free financial portfolio. Visit our website for more expert advice on personal finance and investment strategies tailored to your goals.