How Kamala Harris manages her money: Index funds and a 2.625% mortgage

livemint.com:

The only dull part of Kamala Harris’s life right now may be her investment portfolio.

The vice president and her husband, Doug Emhoff, are fairly conservative investors, federal disclosure records show. They keep much of their money in plain-vanilla index funds—with a fair amount in cash. As Harris makes her case to run the country, voters can also look at how she manages her finances.

The couple earned around a half-million dollars last year, and have assets worth somewhere between $3.6 million and $7.36 million, plus real estate, an analysis by The Wall Street Journal found. Much of their wealth is in retirement accounts, not unlike the average American, financial advisers said. They also have a 2.625% mortgage rate, something most current home shoppers would envy.

“She’s a little boring financially," said Megan Gorman, a wealth manager in San Francisco. “She has clearly taken great care to avoid anything controversial or overly risky."

The Harris campaign declined to comment on her financial strategy.

Here’s a breakdown of their income and assets, according to property records, the couple’s tax returns and forms they filed with the U.S. Office of Government Ethics, which requires disclosures of asset values within broad ranges.

Harris and Emhoff together earned $450,299 in 2023, according to a jointly filed tax return. That consists of the $218,784 Harris reported earning in wages as vice president and $174,994 Emhoff made as a visiting professor at Georgetown University Law Center. Around $6,000 came in from royalties on Harris’s books. They made $50,603 in taxable interest on bank accounts and other investments.

The couple’s income is significantly lower than it was before Harris took office as vice president.