• Gov. Tim Walz of Minnesota is a man of relatively modest means, according to financial disclosures.
  • In fact, he doesn’t own a single stock.
  • Like other members of Congress, Walz even slept in his Capitol Hill office for some time.
  • NuXCOM_90Percent@lemmy.zip
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    3 months ago

    Honestly? That makes me really concerned about his long term wellbeing and raises a few orange flags for how he can be compromised. Owning individual stocks is very questionable. Investing heavily in a mutual fund or some other managed portfolio is common sense for anyone win a position where retirement is an option.

    But also? Fuck yeah.

    • krellor@fedia.io
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      3 months ago

      Things like mutual funds, IRAs, etc, are not considered securities and are not disclosed on economic interest disclosure forms. That is true for most government disclosures, including in Minnesota. Minnesota only requires disclosing directly held securities, like stocks, with a certain value. E.g., if you own $10,000 in Apple stock, that needs to be disclosed, but owning $10,000 in mutual funds shares does not.

    • skuzz@discuss.tchncs.de
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      3 months ago

      Before America made us learn to be our own stock broker, and change jobs every 3 years for a pay raise, there were these retirement vehicles provided by employers that you worked with until you retired that you didn’t have to know anything about.