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Susan Rice Stock Portfolio
Old 11-29-2012, 06:21 PM   #1
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Susan Rice Stock Portfolio

I am unconcerned about the political turn in Susan Rice's career, however in looking at the news I saw she is the richest individual in the Obama administration with a portfolio in excess of 44 million dollars. Considering her background of marrying a news reporter and working in the private sector for only a couple of years, it is amazing to witness the wealth she has accumulated.

Her primary investments are in individual stocks, with a wide range of individual foreign holdings, indeed the Royal Bank of Canada and Toronto Diminion Bank paid her dividends between $100,000 and $1,000,000 each in 2011. There is also a significant uptick in 2011 in her holdings of gold and silver. You can see all of her transactions and holdings available for download.

Susan E. Rice | Personal Finance Disclosure | OpenSecrets
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Old 11-29-2012, 06:26 PM   #2
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Old 11-29-2012, 06:45 PM   #3
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Also, I hear many of the companies she owns have done illegal biz with Iran.
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Old 11-29-2012, 06:48 PM   #4
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Old 11-29-2012, 06:57 PM   #5
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If I had 44 million the last thing I would do is spend my time in public office.
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Old 11-29-2012, 07:17 PM   #6
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Old 11-29-2012, 07:48 PM   #7
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She probably had a sizeable inheritance which she invested wisely.
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Old 11-29-2012, 08:08 PM   #8
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Rice's dad was in academia and finance, a former Federal Reserve Board member. Momma was also an academic, in education.

A remarkable family story, probably with financial success by most measures, but not multi-million-dollar wealth:
Rice family enjoys a 'fantastic journey' | The Portland Press Herald / Maine Sunday Telegram

Dig far enough, though, and you'll find she's married to a college sweetheart who came from old money in Victoria B.C. Her father-in-law was president of the family plywood business, which dates to the early 1900's.

WEDDINGS - Susan E. Rice, Ian Cameron - NYTimes.com

One of the company's sawmills, located on the Victoria waterfront, was closed in 1989 and the site was sold in 1991.
See page 6 for site and family history:
http://www.gorgetillicum.ca/newslett...ads/4-2008.pdf
The development today - no doubt the site sold for many millions:
Selkirk Waterfront Community

And the connection to ER is....? Move along folks, nothing to see here but a rich Canadian's portfolio.
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Old 11-30-2012, 12:22 AM   #9
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I like to look at the holdings of people who make mucho bucks. It's like getting free advice from the same person she paid for.


There may be something interesting to look at and consider putting into my stock portfolio. Royal Bank of Canada is a really good holding. I've had it for 6 yrs. now and it hasn't let me down. I want to look at the other bank she holds that is in Canada too.
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Old 11-30-2012, 12:38 AM   #10
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If I had 44 million the last thing I would do is spend my time in public office.
+1
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Old 11-30-2012, 06:07 AM   #11
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If I had 44 million the last thing I would do is spend my time in public office.
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Old 11-30-2012, 06:33 AM   #12
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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.
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Old 11-30-2012, 06:48 AM   #13
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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
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Old 11-30-2012, 07:37 AM   #14
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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.
Agree. Also less chance they will be bribed or influenced by lobbyists.
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Old 11-30-2012, 08:01 AM   #15
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Old 11-30-2012, 08:13 AM   #16
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If I had 44 million the last thing I would do is spend my time in public office.
+3

Apparently she owns a lot of oil and pipeline stocks too, eg Transcanada. That could put her in a conflict of interest position with respect to Keystone and other energy initiatives.

If I has a choice between the SOS job and her portfolio, I would stick with the portfolio!
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Old 11-30-2012, 08:34 AM   #17
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Originally Posted by heirloom View Post
I like to look at the holdings of people who make mucho bucks. It's like getting free advice from the same person she paid for.


There may be something interesting to look at and consider putting into my stock portfolio. Royal Bank of Canada is a really good holding. I've had it for 6 yrs. now and it hasn't let me down. I want to look at the other bank she holds that is in Canada too.
There you go....

https://www.tdwaterhouse.ca/markets-...cks/stocks.jsp

Moody

TD is apparently the last publicly traded bank in the world rated AAA by Moody's.
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Old 11-30-2012, 08:42 AM   #18
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No psst Wellesley?
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Old 11-30-2012, 08:59 AM   #19
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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.
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.
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I ain't gonna work on Maggie's farm no more
Well, I try my best to be just like I am
But everybody wants you to be just like them
They say sing while you slave and I just get bored
I ain't gonna work on Maggie's farm no more
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Old 11-30-2012, 09:04 AM   #20
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My post was not at all political. Some feel a person with that wealth would be retired while I felt a dedication to public office was appropriate. If I wanted to inject politics into the thread I would highlight her partisan affiliations or bring up her job in some way. If the interest is only investing there is no need to even mention her job, party, or who she reports to.
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