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Obama heat is not not I say -- savvy investor at least.
After you look if you look at his latest financial disclosure document now as you know the president is rich.
But if he wants to stay that way he could use some tips from a good investment managers sell -- listen up mister president this one's free up.
Joining me now Robin Morgan the chief investment strategist for pulled from securities.
Problem back to the show -- I was shocked at this I mean basic rules of investing.
Out the window here completely ignored.
Let's start let's start with the easy -- the mortgage he's got a mortgage thirty year mortgage at five point 625%.
How low you can get a mortgage there are three points next.
He can he can save two percentage points Jerry and and it definitely makes sense for for him to refinance and there's.
There's no excuse for that other than he's in Washington I guess he feels like he needs you back in his -- -- something -- -- now but yeah.
I can say they could save a lot of -- give -- refinancing.
Well look if -- got a lot of money on the sidelines in checking accounts which notoriously pay nothing.
So is 25000.
To 500000 arranged there because they don't give us the 151000 Northern Trust.
And you know what hit me struck me as I was looking at this.
It's not like the man needs a lot of walking around money -- I mean it's not like I was paying your mortgage.
-- -- White House where do and that I'm sorry or grandkids are doing that.
You know originally other people pick up the dinner check so wireless money on the sidelines is that something you would you.
You know I would not and I think I think it's reflective of -- of the average investor today -- average investors still scared of stocks.
And hello Mr.
President that we are now entering the fifth year of of the bull market in stocks so we -- he should put some of that money to work but in his defense.
There are a lot of investors just like him out there with them with a lot of cash on the sideline.
Well okay act -- I've been too harsh here he is taking advantage of low cost index funds he's got a ton of money in the vanguard 500 index -- Anything for a lot of money a 100000.
To a 100000.
But but that is his stock investment that's pretty much it right there what would you say about that he.
Well he he needs diversification.
If if he likes vanguard they they certainly offer some small cap index funds as wells international index -- so.
He really needs to add that to his portfolio but I would say I.
I get it in a way he's trying to be plain Vanilla because he doesn't want to invest in something that his adversaries can say no the president invested in.
And and something bad you know by doing plain Vanilla he's keeping a low profile but he's under diversified -- really needs some diversity that's.
People put their money in a trust fund when their present so that they don't know I have you know let somebody -- for them I don't understand anyway I want to talk about.
This man has doubled down on investing in treasury bonds take a look at this is a one million -- five million and treasury notes.
101000 to 251000.
In -- bills.
I'm thinking this is pretty danger.
No I think I think so too -- I you know how to win once again I think it's reflective of what a lot of investors are thinking oh they're afraid of stock so it would -- it up before he's -- in cash.
Any -- and treasuries as well one.
And in some some would say perhaps worst -- a treasury bubble so this this could actually turn against him.
He you know he's in the tax bracket where he probably should have some tax free income so.
-- selling some of the treasury isn't going into stocks is a good thing and selling some of the -- and going and municipal bonds is also probably a good thing because she could be.
Constitutional lie expert president that doesn't mean you're Smart about your investment -- I guess I guess I guess you're right Gerri rob thanks for coming on -- Appreciate it Kate thank you --
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