Gov. Tim Walz doesn't own a single stock
Gov. Tim Walz doesn't own a single stock
- His disclosures, both from his final year in Congress and his time as Minnesota governor, also show no mutual funds, bonds, private equities, or other securities.
- No book deals or speaking fees or crypto or racehorse interests.
- Not even real estate. The couple sold their Mankato, Minnesota, home after moving into the governor's mansion, for below the $315k asking price).
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pensions are essentially stocks in most cases
The money to find pensions may come from stocks or other investments, but the recipient of the pension doesn't control those investments right? They just get the payout
Correct.
Which becomes an issue if the pension manager doesn't properly account for market downturns etc..
Oh sure. But from a "does Tim Walz own stock" standpoint, I think it's still justified to say "no" even if he has a pension that is backed by stocks.
That's a pretty severe stretch. And not at all what people mean when they ask if someone owns stock.
That's like saying someone is a landlord if they invest in REIT...
Right, I was refuting the original comment I replied to, which said that pensions are essentially the same as stocks.
Sorry I misread your comment the first time!
Carry on