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Nancy Pelosi's Portfolio Returned Over 700% In a Decade
(www.ibtimes.co.uk)
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this post was submitted on 16 Jul 2024
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It really helps if you are allowed to do insider trading.
We can all do insider trading. They have to publish their maneuvers publicly, just copy them. The Pelosi index is a winner.
Not really, no
https://markets.businessinsider.com/news/etf/etf-named-after-nancy-pelosi-tracking-congressional-democrats-stock-trades-surpasses-s-p-500-with-tech-triumph-1033116562
They report 45 days after, and buying their stocks at that point is just even more stupid.. A completely hyper capitalistic idiotic system that is going to be laughed at in history books as the moronic tragic catastrophe it is
A person like that doesn't handle her own portfolio, and their trades are public. Nothing prevented you from trading the exact same stonks they did.
Politicians shouldn't trade because they can still manipulate the bigger picture, favor corporations and move the economy a certain way. Not because they are sitting on Robin Hood at night making money.
Up to 45 days after the trade is made.
While not technically insider trading because they don't work for the companies they're trading, they definitely have access to privileged macro economic knowledge
That they can't really use because they don'tanage their portfolios. What they can do is make policy that benefits them instead of the other way around, that's why they shouldn't be allowed to trade stocks.
Now what happens is you say they are inside trading, they say "impossible we don't manage our stocks" and everyone goes in circle. Stop attacking the part where they are gaming it by managing stocks, and instead focus on them not being allowed to trade in general, for a multitude of reasons.
They a billion percent are doing their own trades if they want. Do you remember Covid? Do you remember how many of our politicians made a mint because they had the inside track?
Why are you assuming they don't manage their portfolios?
Because Paul Pelosi is a trader.
And Pelosi’s trades are all tech which makes perfect sense because she’s the rep from San Fran. Most of them are long big tech which would have crushed over the past decade or two.
It’s statistically improbable that she would have a 700% return over 10 years. 700% and it’s all on the up and up? Come on …
That's why I said she is definitely using her position to make money.
What i've said many times now is she does it through policy, not through robin hood. If everyone would just wake up and stop asking for laws to keep them off robin hood, and start asking for laws to keep them out of the money entirely so they have no incentives to help corporations for personal gain (through their portfolio managers).
So, like every other political system since ancient times. So what you are proposing is the common sense that every single other country and system ever existed had. Bold