5 Things You Didn’t Know About Obama’s Finances

1. Vanguard 500 Index Fund

• I’d guess funds are most likely Admiral Shares (VFIAX), that have a 0.05% expense ratio.

• Obama has between $250,003 and $600,000 spread between three accounts

• The accounts paid total dividends between $25,003 and $80,000 in 2012.

For the investors without the time or interest to pick stocks, it’s tough to beat an index fund with rock-bottom fees.

2. Mortgage on Residence, Illinois

• The Obama’s took out a mortgage in 2005 worth between $500,001 and $1,000,000 from Northern Trust in Chicago, Illinois.

• It’s a 30-year loan with an interest rate of 5.625%.

Home is where the heart is… and your mortgage.

Source: Google Earth

3. U.S. Treasury Bills

• Unlike other types of bonds which yield interest, T-bills are sold at a discount then paid back at par value.

• President Obama held between $100,001 and $250,000 in T-bills in 2012.

• The T-bills earned between $201 and $1,000 in 2012.

Treasury Bills, or T-bills, is a short-term loan to the U.S. Government.

4. U.S. Treasury Notes

• President Obama held between $1,000,001 and $5,000,000 in T-notes in 2012.

• In 2012, the T-notes earned between $5,001 and $15,000.

• Quick math confirms that that’s not a great rate of return.

Owning a piece of that U.S. debt pie.

5. Book Royalties

• Dreams from My Father– Between $100,001 and $1,000,000 in

royalties in 2012.

• Audacity of Hope– Between $50,001 and $100,000 in

royalties in 2012. • Of Thee I Sing: A Letter to My Daughters

– Between $100,001 and $1,000,000 in royalties in 2012.

• All after-tax proceeds to the President from Of Thee I Sing are being donated to the Fisher House Foundation.

President Obama has written several books; three of which have been particularly successful.

Everything You Need to Know About Obamacare