Presidential Portfolio Makeover: Reform Party Candidate Patrick J. Buchanan
Next month, Americans (those that vote, in any event) will head to the polls to choose a new chief executive. The major candidates and their running mates are pledging to steward the nation through continued prosperity and fiscal health. To determine which candidate is best suited to run the nation's fiscal engine, TheStreet.com examined how the candidates handle their own financial houses and huddled with professional financial planners. The planners had some advice for the candidates on how to improve their portfolios. So this week, we're running the advisers' presidential portfolio makeovers of the major candidates, as well as the Republican and Democratic vice presidential contenders. We examined Democrat Al Gore's portfolio Monday, Republican candidate George W. Bush's Tuesday and Green Party hopeful Ralph Nader's Wednesday. Today we examine the holdings of Reform Party headliner Patrick J. Buchanan.
| Presidential Portfolio: Reform Party Candidate Patrick J. Buchanan |
| Estimated Net Worth: $6.1 million |
| Current Allocation: 46% in bonds; 22.5% in cash; 17% in real estate; 8.5% in stocks; and 6% in gold. |
| Recommendation: Less telecom, more everything else. And ditch the gold. |
| Advisers: Certified Financial Planner Brent Kessel and CFP and CPA Joel Framson. |
| Stock Holdings: Lucent, AT&T. |
| Source: opensecrets.org |
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Oil *
118.75
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UP
6.51 |
UP
1.99 |
UP
11.37 |
UP
0.72 |
10 Yr
2.05%
SPDR Gold
168.02
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+0.05%
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+0.15%
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+0.39%
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+3.65%
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