2021-09-23 at 6:42 PM UTC
Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips.
Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi's stock trading disclosures are a treasure trove. "Shouts out to Nancy Pelosi, the stock market's biggest whale," said user 'ceowatchlist.' Another said, "I've come to the conclusion that Nancy Pelosi is a psychic," while adding that she is the "queen of investing."
"She knew," declared Chris Josephs, analyzing a particular trade in Pelosi's financial disclosures. "And you would have known if you had followed her portfolio."
Last year, Josephs noticed that the trades, actually made by Pelosi's investor husband and merely disclosed by the speaker, were performing well.
Josephs is the co-founder of a company called Iris, which shows other people's stock trades. In the past year and a half, he has been taking advantage of a law called the Stock Act, which requires lawmakers to disclose stock trades and those of their spouses within 45 days.
Now on Josephs' social investing platform, you can get a push notification every time Pelosi's stock trading disclosures are released. He is personally investing when he sees which stocks are picked: "I'm at the point where if you can't beat them, join them," Josephs told NPR, adding that if he sees trades on her disclosures, "I typically do buy… the next one she does, I'm going to buy."
https://www.npr.org/2021/09/21/1039313011/tiktokers-are-trading-stocks-by-watching-what-members-of-congress-do
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2021-09-23 at 7:15 PM UTC
its easy for her to burn these people by just buying junk stocks that will turn worthless soon.
2021-09-23 at 7:38 PM UTC
Sears, Goldman Sachs and Ford vs
Starbucks, Amazon and Facebook.
if you pick all old person stock you will see good long term growth versus the millenial stocks which are more subject to trends in the market
2021-09-24 at 3:56 AM UTC
Originally posted by the man who put it in my hood
Sears, Goldman Sachs and Ford vs
Starbucks, Amazon and Facebook.
if you pick all old person stock you will see good long term growth versus the millenial stocks which are more subject to trends in the market
its funny when people believe her when she says shes going tomtax the rich while being invested in the "rich".
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2021-09-24 at 7:14 AM UTC
why pay for your own financial advisor when you can use google and just copy some boomer portfolio
2021-10-24 at 12:15 AM UTC
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2021-10-24 at 1:05 AM UTC
Sudo
Black Hole
[my hereto riemannian peach]
That meme is inaccurate and doesn't mention anything about how insufferable her daughter is.
I think she's evil af
2021-10-24 at 1:10 AM UTC
The US government has become a disgrace and the laughing stock of the world. Nothing but a cabal of criminals, traitors and liars.
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2021-10-24 at 4:16 AM UTC
The Canadian Prime Minister, Justin Trudeau, has been found guilty FIVE TIMES of criminal and corrupt acts, but the RCMP is too scared to touch him and they're in Trudeau's back pocket. It's a literal third world banana republic now. The entire government is full of criminals, fascists, globalists, Marxists communists, radical socialists, fraudsters and paid off crooks working for Big Pharma, Big Tech, China and The New World Order.
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