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Old 11-30-2012, 09:09 AM   #21
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If it's joint investments, then we should treat discussion differently. The increase in family wealth may entirely be the spouse's acumen. Maybe he came into large cash proceeds in 2008, did research, and was rewarded for his efforts.
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Old 11-30-2012, 09:17 AM   #22
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I've got this craving for pork chops and applesauce for dinner tonight
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Old 11-30-2012, 10:11 AM   #23
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This is missing the point of the thread and hijacking it into political commentary. Time and time again asset allocation, low cost mutual funds is the sure way to go to secure a retirement.
What point of the thread? The OP simply said that Rice has more money than other appointees. The responses to that bounced around from it would be better to ER to bacon burning. I don't see any coherent trend to this thread at all. So how is saying he appreciates the willingness of people with money to serve in the public sector a hijack? And what is political about such a statement?
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Old 11-30-2012, 11:04 AM   #24
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Maybe we should all try to get back on the intended topic.
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Old 11-30-2012, 12:29 PM   #25
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In an age when money is so important to so many it is difficult to attract highly qualified people to hold public office. An independently wealth person choosing to serve the greater good through public service can be a great benefit. I'm grateful she has made this choice.
+1

Still, I'd likely choose FIRE... Sounds like the greater good to me!

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This is missing the point of the thread and hijacking it into political commentary. Time and time again asset allocation, low cost mutual funds is the sure way to go to secure a retirement.


From what I have found her wealth has gone from about 8 million in 2006 to 44 million today. And she has done this primarily by investing in individual stocks. Indeed in that time frame in 2007 - 2008 while everyone else was losing money she had a huge percentage of her portfolio in Canadian Oil and banks and actually increased her portfolio.

The interesting thing is she is required by the government to disclose all of her investments and because she has been in government since 2008 you can track her actual portfolio and if one wanted to one could learn how one of the most educated and intelligent people in the world is investing their money.
The point of this thread was to discuss those points not to stray into the political, that is why I posted this in the individual stock threads.
I would readily concede that concentrated positions in the "right" companies is a good way to get uber wealthy...
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Old 11-30-2012, 01:08 PM   #26
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I would like Julia Lous-Dreyfuss in the Cabinet as she is worth approx $2.9 billion and has played a vice-president on tv.
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Old 11-30-2012, 01:22 PM   #27
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Maybe we should all try to get back on the intended topic.
Wouldn't that sort of be a first for the FIRE forum?
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Old 11-30-2012, 01:58 PM   #28
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My Michael Burry-like focus on individual stock investing led me to starting a thread which in hindsight I should not have, due to the subject of the post. I am much more prone to think only of the act of investing itself and the ways to benefit in analyzing various portfolios and ideas. But I can see what I find as fascinating details are really to most members not very interesting.
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Old 11-30-2012, 02:30 PM   #29
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