Vice President and Democratic presidential candidate Kamala Harris is a believer in passive investment strategies, based on her latest financial disclosure.📺 24/7 Chicago news stream: Watch NBC 5 free wherever you are
Harris' disclosure comes as members of Congress are debating whether elected leadership should be restricted on the kinds of investments they can own. Notably, the disclosure only lists certain asset ranges for each fund, rather than specific amounts invested. The portfolio includes allocations to foreign equities and fixed income funds, said Thackeray, who has been encouraging his own clients to consider more foreign investment exposure. There may be less expensive opportunities outside the U.S., he said, where investments have become more expensive in recent years.
It's unclear whether Harris and Emhoff work with a financial advisor. Harris' office did not respond to a request for comment by press time.Harris and Emhoff also reveal cash holdings that may add up to around $850,000 or more, depending on the exact balances based on the ranges given."The good thing about cash balances today is that they are actually making an investment return, where they hadn't for many, many years prior to higher rates," Thackeray said.