A few weeks ago, we figured out what was happening to the Ron Paul portfolio the former Texas congressman's 64% investment in gold and other rocks and it wasn't pretty. <\/p>\n
His portfolio is comprised of major miners and a handful of juniors, and displays a marked lack of diversification. <\/p>\n
Investment manager William Bernstein told the Wall Street Journal that This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds. <\/p>\n
We looked at Ron Paul's most-recently disclosed portfolio. Granted, he may have picked up the stocks at any point in the past several years, so he's probably still above water on the investments. It's also conceivable that since he's left public life he's pared back a lot on his holdings. So we're just going based on what's public.<\/p>\n
Still, these have taken a shellacking, and it's likely that he's lost a significant percent of his net worth, assuming he's held on to them over the past six months. <\/p>\n
Here's what has happened: <\/p>\n
All told, the average loss was -40.3% over the past six months <\/p>\n
Given that The Wall Street Journalreported that Paul's portfolio was worth between $2.44 million and $5.46 million and that 64 percent of his assets were in these precious metal stocks averyloose estimate is thatRon Paul has lost between $624,640 and $1,397,760 over the past six months, based on the average loss of his mining holdings. This assumes a 40.3% loss on 64% of his holdings. <\/p>\n
A lot of that pain has come in the past two days alone. Here's what has happened to the portfolio since last Thursday: <\/p>\n
Pretty bleak. <\/p>\n
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\nRon Paul Is Personally Losing A Fortune<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"