Nancy Pelosi’s husband is an expert at stock picking. Because he consistently picks winners, retail traders follow his trades. Of course, he isn’t making decisions based on insider trading information provided by his wife, the Speaker.
When in doubt, invest in the same stocks that lawmakers’ spouses do. This is what retail investors are doing in relation to trades made by House Speaker Nancy Pelosi’s husband, Paul Pelosi, a businessman who owns a real estate and venture capital firm.
Nancy Pelosi does not trade stocks, but her husband does. That’s enough for some social traders, who consider his trades to be hers. “We’ve been tracking their performance and every single stock she has bought in the last two years has gone up significantly,” Iris cofounder Christopher Josephs told Yahoo Finance Live. Iris is a social investing app that allows users to see which stocks their friends, influencers, and professionals are purchasing.
Legislators’ or their family members’ trades must be disclosed within 45 days of execution.
“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.
More on the strategy employed by politicians such as Pelosi can be found here.
