The first purchase was made on January 4, 2023, involving a Series I bond. The second and third transactions were US savings bonds, acquired on April 26, 2023, and March 19, 2024, respectively. Each transaction falls within a dollar range of $1,001 to $15,000.
These bonds, known for their low-risk nature and the fact that they’re backed by the full faith and credit of the US government, are traditionally seen as a safe haven investment. They may indicate a cautious investment strategy by the congressman from Wisconsin’s 6th district.
The transactions were reported to the Clerk of the House of Representatives and are in compliance with the STOCK Act, which mandates that all members of Congress disclose their stock trades and other investments. The Periodic Transaction Report was digitally signed and certified by Glenn S. Grothman on May 14, 2024.
It’s important to note that while these transactions shed light on the personal investment strategies of Congressman Grothman, they do not necessarily indicate a broader trend or investment advice for others. Each investor’s strategy should be based on their individual financial goals, risk tolerance, and investment horizon.
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Source: Economy - investing.com
