Nancy Pelosi’s husband is a genius at picking stocks. He’s so good retail traders are following his trades because he always picks the winners. Of course, he’s not making picks based on insider trading information coming from his wife the Speaker.
The MSM Money Report:
When in doubt, pick the same stocks that lawmakers’ spouses are buying? That’s what retail investors are doing when it comes to trades made by House Speaker Nancy Pelosi’s husband, Paul Pelosi, a businessman who owns a real estate and venture capital firm.
Though Nancy Pelosi herself doesn’t trade stocks, her husband does. And that’s enough for some social traders, who see his trades as hers. “We’ve been tracking their performance and every single stock she has bought in the last two years has gone up significantly,” Christopher Josephs, cofounder of Iris, told Yahoo Finance Live. Iris is a social investing app allowing users to see the same stocks friends, influencers and professionals are buying.
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Within 45 days from execution, lawmakers’ or family members’ trades must be reported.
“The reason why Speaker Pelosi became so popular was because every trade she was making inevitably turned out to be such a long-term winner,” said Josephs.
“Albeit the entire market has gone up significantly, but these are very, very risky bets because she’s been buying LEAP options as opposed to just stock,” added Josephs.
Here’s more on the strategy used by corrupt politicians like Pelosi.