Hillary Clinton
The lesson: Don’t keep too much money in cash.
The Clintons have between $5 million and $25 million in a Vanguard 500 index fund, but they also have a similar amount in what the former Secretary of State’s financial disclosure form describes as a J.P. Morgan “custody account (cash).” If they’ve kept those millions in a regular savings account, they’ve missed a record stock run and are likely earning a paltry rate of interest. The Clintons have chosen to keep a lot of their money in cash in order to shield Hillary from any appearance of a conflict of interest, a decision that could be costing them millions (not that they’re hurting financially). Yes, investing in the stock market has risks, but if you want your money to grow long-term, cash isn’t the way to go.
