1. Vanguard 500 Index Fund
For the investors without the time or interest to pick stocks, it’s tough to beat an index fund with rock-bottom fees. • • • I’d guess funds are most likely Admiral Shares (VFIAX), that have a 0.05% expense ratio. Obama has between $250,003 and $600,000 spread between three accounts The accounts paid total dividends between $25,003 and $80,000 in 2012.
2. Mortgage on Residence, Illinois
Home is where the heart is… and your mortgage. • The Obama’s took out a mortgage in 2005 worth between $500,001 and $1,000,000 from Northern Trust in Chicago, Illinois. • It’s a 30-year loan with an interest rate of 5.625%. Source: Google Earth
3. U.S. Treasury Bills Treasury
Bills, or T-bills, is a short-term loan to the U.S. Government. • Unlike other types of bonds which yield interest, T-bills are sold at a discount then paid back at par value. • President Obama held between $100,001 and $250,000 in T-bills in 2012. • The T-bills earned between $201 and $1,000 in 2012.
4. U.S. Treasury Notes Owning
a piece of that U.S. debt pie. • President Obama held between $1,000,001 and $5,000,000 in T-notes in 2012. • In 2012, the T-notes earned between $5,001 and $15,000. • Quick math confirms that that’s not a great rate of return.
5. Book Royalties President Obama
has written several books; three of which have been particularly successful. • Dreams from My Father – • Audacity of Hope – • Between $50,001 and $100,000 in royalties in 2012. Of Thee I Sing: A Letter to My Daughters – • Between $100,001 and $1,000,000 in royalties in 2012. Between $100,001 and $1,000,000 in royalties in 2012. All after-tax proceeds to the President from Of Thee I Sing are being donated to the Fisher House Foundation.