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Obama - Socially Responsible Investor

According to Slate.com:

"For a couple in their mid-40s, the Obamas' investment holdings are arguably too conservative. One of the single largest chunks of their money (between $US150,000 and $US350,000 as of year-end 2006) was invested in the Vanguard Wellington Fund, which has about 65 per cent in stocks, 33 per cent in bonds, and 2 per cent in cash. Obama reportedly sold this fund after learning it was invested in Schlumberger, a French oil-field-services company that does business in Sudan. He put that $US180,000 in proceeds into the Vanguard FTSE Social Index Fund, a socially responsible fund that invests in large and midcap stocks. The Obamas had another $US100,000 to $US250,000 in Vanguard's Wellesley Fund, which allocates 60 per cent of its money in high-quality bonds. Considering the Obamas have more than 20 years to go before retirement, many financial advisers would tell them to be more aggressive and increase their stock exposure to 80 per cent of their portfolio."

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