Thursday, December 07, 2006

Window into the assets of the rich

Interested in how rich people allocate their assets? Just check out the 2005 detailed personal financial disclosures of the richest Congressmen:

http://www.opensecrets.org/pfds/overview.asp?type=W&cycle=2005&filter=A

Also, it's interesting to compare these disclosures against earlier years. Many Congressmen have doubled or tripled their net worth in the last 3 years thanks to booming stock markets and the real estate "bubble".

The largest sector where assets were held is in investment real estate.

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