Finance
Survey shows who people think is the better investor
The investment portfolios of former Speaker of the House of Representatives Nancy Pelosi and vice president Kamala Harris may differ, with a preference for individual stocks vs exchange traded funds.
What happened: With chairman Joe Biden Harris, who is withdrawing from the 2024 elections, is the favorite to win the Democratic Party nomination and has received support from many people, including Pelosi.
Although they are both Democrats and major political figures, Harris and Pelosi differ when it comes to investing.
Pelosi and her venture capitalist husband Paul Pelosi prefer to buy individual stocks and options, often in the technology sector. Compare that to the investing style of Harris and her husband Doug Emhoffwho have parked their money in investment funds and ETFs.
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Benzinga recently surveyed readers to see which investing style might be better.
“Kamala Harris’ investments include mutual funds and S&P 500 holdings, while Nancy Pelosi and her husband have bought stocks like Nvidia, Apple and Tesla. Who do you think is a better investor?” Benzinga asked.
The results were:
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Kamala Harris: 34%
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Nancy Pelosi: 66%
The Benzinga government trading page for Pelosi shows recent purchases of NVIDIA company (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO) and Palo Alto Networks (NASDAQ:PANW).
According to a report from Barrons, Harris and Emhoff have between $2.9 million and $6.6 million in investments and cash, based on financial disclosures. Investments include Harris, who has between $250,000 and $500,000 in a Target Date 2030 fund, and between $100,000 and $250,000 in an S&P fund and a large-cap growth fund.
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Emhoff has investments in several ETFs, including the iShares Core MSCI EAFE ETF (BATS:IEFA).
A Quiver Quant report shows the Vanguard Growth ETF (NYSE:VUG) and the Vanguard Value ETF (NYSE:VTV) as two of the vice president and first gentleman’s biggest holdings. The Vanguard Growth ETF is heavily weighted in technology stocks, making up 60% of the ETF.
One thing the two political figures have in common with their investments is a preference for large-cap stocks and not having large weightings of small-cap stocks in their portfolios.
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Why it’s important: Harris and Emhoff’s net worth pales in comparison to her 2024 election opponent Donald Trump, who is a billionaire thanks to his investments and large interests in Trump Media & Technology Group (NASDAQ:DJT).
“Does the difference in wealth between Kamala Harris and Donald Trump make her a more or less attractive candidate?” Benzinga asked.
The results were:
The poll found that potential voters don’t really care that Trump is worth significantly more than Harris. A greater number of respondents said Harris is more attractive rather than less attractive based on her lower net worth.
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Benzinga also asked if people were surprised by the $2.9 million to $6.6 million figure reported for Harris and her husband’s wealth.
The results were:
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More than I expected: 29%
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Less than I expected: 34%
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About what I expected: 37%
The survey results were close, with the majority of respondents indicating that Harris’ wealth was in line with their expectations. Additionally, about a third of respondents felt the amount was lower than they expected.
Disclosing investments for political figures has been a hot topic in recent years, with calls to ban members of Congress from trading stocks and options. The significant allocation to ETFs and mutual funds indicates that Harris has not been actively buying and trading individual stocks like some members of Congress and their spouses.
Harris and Pelosi may have a common investment preference for technology and large-cap stocks, while both also tend to avoid small-cap stocks.
Want to learn more about small-cap stocks and ETFs? Then you don’t want to miss the Benzinga Small Cap Conference on October 10 in Chicago. click here For more information.
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The survey was conducted by Benzinga in July 2024 and included responses from a diverse population of adults aged 18 or older. Participation in the survey was completely voluntary and no incentives were offered to potential respondents. The study reflects results from 172 adults.
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This article Nancy Pelosi vs. Kamala Harris: Survey shows who people think is the better investor originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
