The office of the president was established on March 4, 1789, by the founding fathers. The office was enshrined into the constitution and the first holder of the office was George Washington. Ever since he left office, there have been a total of four pay raises and the value now stands at $400,000 annually. The first holder of the office, George Washington made only $25,000, and $669,469 in current amounts. This is after factoring in inflation and all other factors. The amount also comes with extra perks of the office. These include an extra allowance of $50,000 for extra expenses. The officeholder also has a $100,000 non-taxable travel allowance annually for personal travel. This however might be difficult to understand since all the travels are catered for by the taxpayer while the president is in office. There is also an extra amount of $19,000 that is an entertainment allowance.
Investors today want more than stocks and bonds. Mutual funds offer an alternative, but carry higher expense ratios and have high minimum investment requirements. Passive investing in index funds, such as the Vanguard Total Stock Market Index Fund, proves to be more profitable because of their lower fees and potential to increase over time. With more than 3,600 stocks across various sized segments, it’s easy to diversify your risk.
What are Vanguard Index Funds?
Vanguard index funds mimic a market. They may be comprised of securities from multiple companies in the same stock index or specific industries. They may mimic the S&P 500, bond market, or a combination of both.