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Investing in the future

By Michelle Malkin  •  July 29, 2004 08:21 AM

The Boston Herald reports that the “Kerrys raced to dump foreign stocks:”

John Kerry’s family dumped millions of dollars of foreign holdings as he launched his White House bid, gobbling up Made in the USA stocks in a huge politically savvy international-to-domestic shift.

The investments, mostly in the name of Kerry’s multimillionaire wife, Teresa Heinz Kerry, sold stock in massive overseas players like Heineken, Sony, British Petroleum and Italian Telecom for red, white and blue companies like McDonald’s, Dell and Kohls.

In all, the Kerrys dumped as much as $16 million worth of international stock and bought between $18 million and $32 million in domestic holdings between 2002 and 2003, records show.

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