Playing The Market With Campaign Cash

Candidates are investing--with varying degrees of success

When Jeffrey J. Parker started investing his company's excess cash in the stock market back in June of 1996, he didn't even tell the boss. Working with a discount broker, Parker paid $58,000 for shares in a software company. Soon, he bought shares in other tech companies, then exotic equity derivatives, until he had nearly $240,000 tied up. When he sold everything 14 months later, the boss was pleased: Trading profits totaled $143,000--a 60% gain.

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