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this post was submitted on 26 Jan 2024
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How do 80 year olds know what stocks to buy and I don’t?
Because they get all the insider info that they are legally allowed to use for investment strategies which commoners are not.
Well excuse her for finding a permanent life partner while in college. I suppose she should be ashamed of herself, is that the consensus here?
BTW, what exactly are her inside trades? Is it when her husband bought a large stock offering from VISA right before a big vote on VISA legislation where she *checks notes voted against VISA's interests and passed regulation against them in 2007? Is that the big secret, voting against the big companies while buying their stock?
Fun Fact, the top traders in Congress are all GOP reps. In 2022 she wasn't even top 10, some years her husband makes Negative profits.
If someone who isn't of congress nobility tells their investment firm owning spouse of insider information, they'd face severe penalties. Congress is taking advantage of the fact that they write the laws by exempting themselves.
congress nobility lmfao
She married a man in college who would later become the owner of an investment firm. Have you tried doing that?
They're in a job where they often are the first to hear significant public info that will affect the markets. This lets them make stock deals to their benefit before anyone else.
If they're being scummy, they use info that isn't public.
Progressives in the DNC are pushing for this to be reformed, so that's the best path for change.
Who says they do? Everyone holding Nvidia got the gains, it's the 6th largest company by market cap, everybody with enough money in the stock market (or any shares in an S&P 500 index fund) owns some.
And you'll never see an article about Nancy Pelosi losing money because nobody cares, so if she has a lot of money in a lot of places, you'll just see the bets that succeeded and think she's killing it.
What methods have you tried? She's tried ALL of them