-Caveat Lector-

from:
http://aol.smartmoney.com:81/smt/candidates/index.cfm?story=ag
Click Here: <A
HREF="http://aol.smartmoney.com:81/smt/candidates/index.cfm?story=ag">SmartMon
ey Today: Presidential Portfolios</A>
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"SHOCKING," says David Feldman. "A lease on a zinc mine and no mutual funds?
Shocking."
That's right: Al Gore's assets look more like 1899 than 1999. As things
stand, the V.P. is without anything with a P/E, let alone an IPO: no stocks,
no funds, not even a bond. What does he have? Land -- as far as the eye can
see. Oh, and a zinc mine he's leasing out to an Australian mining company,
Pasminco. He also had at least $39,000 in bank or money-market accounts in
1998.
Of course, if Gore were an investor, he'd be encouraged to keep his money in
a blind trust -- much like President Bill Clinton, who has $1,000,000-plus in
three blind trusts. While Gore's puritanical portfolio may be
conflict-of-interest free, it's also making him, well, not exactly poor, but
it sure ain't making him rich. Gore's net worth has apparently dwindled while
he's been in office, from a maximum of $1.6 million in 1992 to a max of $1.2
million in 1997 (based on the ranges provided by FEC documents).

In 1998 alone, the Gores missed out on a 26.7% return in the S&P 500. The
veep's non-portfolio had our financial planners sputtering with indignation.
"The fact that he hasn't been willing to participate even on a blind-trust
basis," says Feldman, "means he's lost out on one of the major bull markets
of U.S. financial history." Dee Lee gives Gore her lowest score for not
planning ahead at all: two out of a possible 10. "If he were to drop dead,"
Lee reasons, "his wife would have to sell some of the houses."

  ASSETS    RANGE
Arlington, Va., Home    $250,000-500,000
Cottage Property and House  250,000-800,000
Carthage, Tenn., Home   250,000-500,000
Cash/Money Market   39,000-250,000
Lease on Zinc Mine  100,000-250,000
U.S. Treasury Strips    15,000-50,000
U.S. Treasury Growth Certificate    15,000-50,000
IRA 1,000-15,000
Other   1,000-15,000


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