I realize there are some wealthy individuals – I’m not one of them, but some wealthy individuals who have a lot of stock portfolios.
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Elizabeth Warren, whose spokesman later added, “Elizabeth was making the point that, unlike many members of Congress, she does not have a broad portfolio of stocks in individual companies.” Said aide specified that she only held mutual funds.
Worth noting: Mutual funds are nothing more than “a broad portfolio of stocks”.
Either she a) is too dumb to realize what mutual funds are or b) is intentionally lying to try and make herself not appear to be part of the 1% (that she really is).
Her net worth is estimated around $14 million dollars. Which option do you think is most likely?
(Source: jeffmiller)
