Although stock trades by American politicians have started to attract public attention, particularly those by the former House Speaker and leader of the House Democrats for 20 years, Nancy Pelosi, other public figures, including former First Lady Michelle Obama, also heavily invest in stocks.
Indeed, former President Barrack Obama and his wife had to disclose their finances upon taking office in 2009, and it became public knowledge that the President had $100,000 – $250,000 in a Vanguard index fund that tracks the S&P 500 and $200,000 – $500,000 in two other low-cost Vanguard index funds.
According to an AfroTech report, the Vanguard funds that the Obamas invested in included relatively stable assets in the stock market, such as Amazon, Apple, Tesla, Nvidia, and JPMorgan, contributing to the family’s combined net worth of around $135 million.
Picks for you
Amazon (AMZN)
Specifically, in terms of performance, Amazon (NASDAQ: AMZN) stock has been recording steady success with the exception of a drop in early 2023. Currently trading at the price of $183.88, AMZN shares have this year advanced by 22.59% and marked their new all-time high (ATH).
Microsoft (MSFT)
At the same time, Microsoft (NASDAQ: MSFT) stock has been demonstrating similar price action, albeit with a lighter dip in the period when Amazon stocks suffered price losses, and was at press time trading at $437.84, after hitting a new ATH in early July and having advanced 18.04% in 2024.
Apple (AAPL)
Meanwhile, recent years have been particularly generous to the stocks of Apple (NASDAQ: AAPL), which have advanced 16.43% since the year’s turn and have followed the example of their industry peers in breaking their records, with the current price standing at $225.71.
Tesla (TSLA)
Furthermore, electric vehicle (EV) giant Tesla (NASDAQ: TSLA) has made similar advances, although, unlike other assets in the Obamas’ portfolio, it has declined 2.02% this year, currently changing hands at the price of $241.66, according to the data on July 19.
Nvidia (NVDA)
As for the biggest winner of 2024, Nvidia (NASDAQ: NVDA) stock should bring the most profit to the former First Lady (as it has to Nancy Pelosi), considering its price gained an impressive 147.45% on its year-to-date (YTD) chart, and at the moment stands at $119.21.
JPMorgan (JPM)
Finally, JPMorgan (NYSE: JPM) stocks do not stray much from the other assets in this group, having climbed 22.63% in 2024, and presently trading at $211.20, although its price performance since listing has not been as explosive as the rest and with more significant dips.
Conclusion
All things considered, Michelle Obama seems to have a steady portfolio of strong assets together with her husband. However, investing in any asset is risky, so doing one’s own research and carefully weighing these risks is critical when investing large sums of money.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
