3 ms·
I have no idea if she touched it. Her husband makes a lot of money and she makes a good amount as well. Also, that's the lower bound by what people estimated s
by HWR_14 3y ago
I have no idea if she touched it. Her husband makes a lot of money and she makes a good amount as well.
Also, that's the lower bound by what people estimated she had when she entered congress and close to the upper bound of what she would be worth today.
But it's entirely possible that someone in the SF area with a SV husband beat the S&P without resorting to insider trading on public markets. Heck, the house she bought has probably beaten the S&P.
To reiterate, I always assumed she was insider trading. These numbers are making me question that.
- carlmr 3y agoMy point is rather, if she had invested all her money back then and if she never used any of it she would have a similar amount of money now without insider trading. Most people don't lump sum in the market like that, it probably ignores the taxes she would have to pay if she took the money out now, and most people use some of the money in the meantime. I'm just saying if you lived a good lifestyle, the money is already mostly taxed, and you didn't invest everything all-at-once, and you still have the amount of money you would get with lump-sum and never touch S&P, you're doing far far better than the market.