INEPTOCRACY CHRONICLES – Pelosi’s Portfolio: If You Can’t Beat ‘Em… Join ‘Em
Get rich through public "service."
Posted by Shawn Ambrosino | Oct 28, 2021 | Politics
Allowing our elected officials, especially those that set the laws and policies that affect business and industry, to invest in the stock market is a VERY slippery slope.
I shouldn’t have to explain why it’s so controversial.
Government officials in this position have access to information that’s as close to “inside” as one can get without actually working in a given industry.
For example, in January of 2020, BEFORE the start of the pandemic and BEFORE we even had our first case of COVID, both GOP and DNC legislators began investing heavily into the medical sector—but those purchases only began after a certain congressional briefing.
Do you think you can guess what was discussed during that meeting? What could have triggered such a health-sector buying frenzy from those legislators?
Of course you can…
That’s why allowing policy-makers to invest in ANY industry seems dishonest. They have the means to manipulate the market one way or another.
But don’t worry, they’re fully aware of the ethical concerns.
That’s why most of them don’t invest. Instead, they just have their spouses do it through family companies and third parties. That way, it’s TECHNICALLY not the elected official investing.
Investing Like a PRO
That’s the loophole, and with so many politicians taking advantage of this loophole, it makes sense why they end up leaving office a lot wealthier than when they came in. I guess “serving the public” has a different connotation when comes to the politicians themselves.
Too bad Trump didn’t follow suit. He’s one of the only politicians in recent memory to leave office POORER than when he walked in.
Of course, while the Obamas got incredibly rich post-presidency thanks to very lucrative publishing deals, one of the most successful earners in office right now is none other than House Speaker Nancy Pelosi.
As I’ve reported before, her husband Paul has been KILLING it on Wall Street since the start of the pandemic.
So much so, that he’s become a “guru” of investing, and now there are many people who simply follow along with what he does.
However, what we haven’t talked about is what exactly Paul is putting his money into.
So, we wanted to touch on that, just in case that you too wanted to profit like the Speaker of the House.
Again—and I feel like I have to keep saying this just to cover FreedomWire’s bases here—Nancy Pelosi isn’t the one pulling the trigger on most of her husband’s trades. Paul Pelosi controls the stock decisions, and he’s loaded the family’s portfolio to the brim with basically ONE industry: the tech sector.
The Pelosi Portfolio
About 17% of Pelosis’ substantial portfolio is made up of Apple (AAPL) – and it’s more than paid off for him. Over the past year, this stock has risen over 30%.
Next on the list is Microsoft (MSFT).
Paul has 14% of his portfolio tied up with the company that Bill Gates built, and, just like Apple, it’s paid off for him, with the stock jumping over 62% in the last year.
And finally, there’s an undisclosed amount of Nvidia (NDVA), a computer systems design services company. This stock has gone up 50%, making it yet another winner for Mr. Pelosi.
Do you understand how rare it is for an investor to have almost EXCLUSIVELY winners in their portfolio? It’s practically unheard of…
Yet, for the past year, Paul and Nancy can’t lose.
So, if you were wondering whether you too could make money in markets, the Pelosis are making it pretty easy for you. Just do what they do!
Watch the trades that they’re making and follow suit.
If it’s good enough for them, it should be good enough for us!
“Investing is simple, but not easy.” – Warren Buffett
Ineptocracy
A system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.