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Article: How $1,000 Stake Netted $100,000; White House Provides Details of Hillary Clinton's 1978-79 Commodities Trading
- Article from:
- The Washington Post
- Article date:
- March 30, 1994
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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The White House yesterday released documents showing that First
Lady Hillary Rodham Clinton parlayed a $1,000 investment into nearly
$100,000 in less than a year by trading in cattle futures and other
commodities in 1978 and 1979.
The Clintons' large profits in commodities trading were nearly
as large as their combined salaries for those years and came at a
time when they had virtually no assets.
Commodities trading is done on margin - meaning that it takes
only a small amount of money to control a large contract. But it is
generally thought to be extremely risky because, if the market goes
in the opposite direction of the way an investor has predicted, the
investor can be liable to ...