Financial analysts describe Vice President Kamala Harris’ investment strategy with one word: conservative.
For someone aiming for the highest office in the U.S., this also signifies she is largely devoid of financial conflicts.
In her capacity as vice president, Harris submitted a public financial disclosure report for 2023, signed in May. This report highlights her preference for passively managed index funds within her investment portfolio.
Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida, expressed great satisfaction upon reviewing Vice President Kamala Harris’ financial disclosure. McClanahan was particularly pleased to see Harris’ commitment to low-cost, passive investment strategies.
“It’s heartening to see her investing in such a prudent manner,” remarked McClanahan, who also serves on the CNBC Financial Advisor Council.
It’s genuinely refreshing to observe such a passive investment strategy,” commented Dustin Thackeray, a chartered financial analyst and the chief investment officer at Crewe Advisors in Salt Lake City, upon reviewing Harris’ financial disclosure
Vice President Kamala Harris’ financial disclosure comes amidst ongoing congressional discussions on whether elected officials should face limitations on their investment options.
A group of senators is advocating for legislation that would restrict members of Congress, along with their spouses and dependents, from purchasing specific investments, such as individual stocks, while allowing investments in diversified funds or Treasury securities. Although a Senate committee has recently approved the bill, its future as law remains uncertain.
Harris’ preference for passive investments, as highlighted in her disclosure, offers insights into her financial strategy. Experts who reviewed the document noted that her financial practices could serve as valuable lessons for other investors.