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According to the alternative data platform Quiver Quantitative, replicating Nancy Pelosi's stock trades would have yielded returns exceeding 720% since May 2014.

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[–] Treczoks 187 points 5 months ago (13 children)

It really helps if you are allowed to do insider trading.

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[–] testfactor 95 points 5 months ago (3 children)

Quick math says that's about a 19-20% return annually for the 10yrs since 2014.

The average APY of the S&P 500 over the same time period was about 11-12%.

So definitely way outperforming the market, though maybe achievable with one or two good picks on individual stock?

Definitely not a good look regardless.

[–] [email protected] 27 points 5 months ago

It's no real secret. Her husband has been buying tech stock LEAPS this whole time. Her portfolio took a huge hit during the tech sector downturn a few years back. Paul doubled down on the tech stocks which have all shot way back up. He put a bunch of money on Nvidia during the GPU shortage well before all this bullshit AI run. Nvidia is up something stupid like 800% since then.

If anything I'd bet it's because she's connected in Silicon Valley. Nancy has the same info everyone in Congress would. But since her district is in the bay area she gets to rub elbows with the right people.

[–] [email protected] 10 points 5 months ago (3 children)

I actually think a 20% return is modest. She literally has her finger on the pulse of the economy. She should have done better.

Not saying I condone it but if you're going to crime and get away with it, as least go big.

[–] NewNewAccount 11 points 5 months ago

Professional portfolio managers, who do this for a living, with teams of intelligent and educated people working for them, struggle to consistently outperform the market in any meaningful sense.

20% is not modest in any way.

[–] [email protected] 6 points 5 months ago

Maybe she still thinks she's being sneaky

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[–] Crackhappy 64 points 5 months ago

Fuck Pelosi. She's a piece of shit. Just another symptom of this collapsing empire. FYI I am a democratic socialist.

[–] [email protected] 58 points 5 months ago (2 children)

I know people who have worked in corporate acquisitions and there are a ton of controls in place to limit information access and prevent the mere appearance of privelged information being used for personal gain. Likewise in other industries like utilities there are pretty complex regulations to prevent companies from getting even a few cents per kilowatt hour advantage, etc. and all this shit has multimillion dollar fines attached.

Congress could definitely adopt a rule that bans trading stocks for anyone who receives classified or nonpublic industry-specific information as part of security briefings or their committee assignments. Or hell, just limit congresspeople to index funds or generic portfolios managed by external fiduciaries, while in office.

It seems that if both Gaetz/Cruz types and AOC agree on this, they could get it done, but the establishment politicians don't want to because they view it as a perk of the job.

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[–] [email protected] 39 points 5 months ago (3 children)

Yes, continue focusing on her and never talk about the Republicans that beat her every year.

[–] [email protected] 35 points 5 months ago (1 children)

just looking at the website, you can tell the target audience is specifically the 1% who want republicans to win. it'll be the same shit with pretty much anything with "business" or "financial" or "economy" in the name of the site

so yea, they will NEVER talk about the insider trading, cheating, fraud, etc. done by republicans

[–] [email protected] 20 points 5 months ago* (last edited 5 months ago) (1 children)

But even in social media, people have been so focused on her while ignoring that she's never #1 (heck, in 2022 she got beat by the S&P500) that I can't help but wonder if there's some underlying misogyny that explains it...

[–] [email protected] 21 points 5 months ago* (last edited 5 months ago) (3 children)

underlying misogyny

it's not underlying, it's blatant, and misogyny is a core part of the GOP platform. yes, republican women are most definitely misogynists

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[–] apfelwoiSchoppen 19 points 5 months ago (1 children)

Whataboutism shouldn't be used by either side. She shouldn't be doing it.

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[–] [email protected] 11 points 5 months ago (1 children)

Would you care to list them so the conversation can be more complete?

[–] [email protected] 14 points 5 months ago (2 children)

Copying a comment from a couple of weeks ago, the source is the website that made everyone really start paying attention to her by posting an infographic that made it easy to visualize the gains compared to the S&P500 but somehow it's only Pelosi that people complain about

2021 she's 6th behind 5 Republicans, 2022 she's under the S&P500 in 27th place, 2023 she's in 9th place

https://unusualwhales.com/politics/article/full

https://unusualwhales.com/politics/article/congress-trading-report-2022

https://unusualwhales.com/politics/article/congress-trading-report-2023

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[–] [email protected] 32 points 5 months ago (3 children)

She's not even in the top 5 for Congress, why does she catch all the flack?

[–] [email protected] 24 points 5 months ago (7 children)

I presume it's because she's seen in somewhat of a "senior leadership" position.

Johnny Beluga, the esteemed congressman from butt-munch, Iowa might have five times more illicit gains than her, but no one knows who he is, so fewer people would watch the news to hear about him.

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[–] [email protected] 28 points 5 months ago (1 children)

She’s known as “nance in advance” in trading circles. Some funds follow her investments.

[–] disguy_ovahea 26 points 5 months ago (1 children)

There’s an ETF called NANC that allows you to invest in line with her portfolio. There’s also one called KRUZ that follows Ted Cruz.

https://www.cnbc.com/select/congressional-stock-trading-could-soon-be-tracked/

[–] Sweetpeaches69 11 points 5 months ago (1 children)

Looks like NANC is for all Democrat member trades, and KRUZ is for all Republican member trades. If you're wondering, NANC has +32% standardized pre-tax returns, while KRUZ has +19.1% standardized pre-tax returns.

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[–] meleecrits 21 points 5 months ago (7 children)

Semi unrelated question (also only semi serious): is there a program or script that can follow a person's trades and make similar trades? Or is she one that, by the time the public knows, it's already too late to jump on the bandwagon?

[–] Screamium 39 points 5 months ago

By the time the trade is disclosed it's been like a month and you may be part of the exit liquidity

[–] [email protected] 18 points 5 months ago

There is a congressional rule that requires individual stock trades of certain amounts to be publicly disclosed within 45 days. However this is apparently not really enforced right now.

Some bipartisan congresspeople have proposed more restrictive rules and bans on stock trading, but those efforts haven't gained traction yet.

[–] Cryophilia 9 points 5 months ago (1 children)
[–] [email protected] 7 points 5 months ago (1 children)

Unusual Whales Subversive Democratic Trading ETF (NANC)

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[–] [email protected] 5 points 5 months ago

Autopilot. It doesn’t support every brokerage though.

[–] [email protected] 5 points 5 months ago

Look up Quiver Quantative. They actually track investment portfolios of members of the House and Senate and send out newsletters.

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[–] MehBlah 19 points 5 months ago

One of biggest crooks but not the biggest by far. Anyone who isn't in government and gets that kind of return would have all the financial bureaucracies all up their ass.

[–] anon_8675309 18 points 5 months ago (1 children)

I despise that woman. When people say the left is as bad as the current GOP, she is who they’re looking at.

[–] return2ozma 12 points 5 months ago (1 children)

Yes, except she's not "left".

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[–] apfelwoiSchoppen 12 points 5 months ago (1 children)
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[–] [email protected] 11 points 5 months ago* (last edited 5 months ago) (2 children)

I've managed 60ish% in 3ish years.

Would be higher but i was invested in Cineworld... that was a sore time

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[–] FlyingSquid 8 points 5 months ago
[–] [email protected] 8 points 5 months ago (1 children)

Wish the FBI would investigate for corruption like they did here: https://www.wikipedia.org/wiki/Abscam

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[–] [email protected] 7 points 5 months ago* (last edited 5 months ago)

These sites were collecting hand-transcribed data from congress trading disclosures. Unfortunately, the disclosures were almost always made long after the trades. Perhaps that's why no volunteers have been transcribing data recently.

https://housestockwatcher.com/

https://senatestockwatcher.com/

[–] rsuri 7 points 5 months ago

I'm surprised everyone focuses on insider trading. To me the much bigger risk is: shouldn't your decisions affecting the country be unaffected by stocks you own? If you own $10 million of Apple stock for example, how does that affect your vote on an antitrust law? This is a problem even if there's no inside information.

[–] teft 5 points 5 months ago (8 children)

4 month old account with only this post. Not suspicious at all /s

[–] [email protected] 20 points 5 months ago

I mean... that's not that new. And most people are just lurkers anyways.

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