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Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. As others online have pointed out,

Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. As others online have pointed out, despite an above average year, her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested. Should politicians be forced to put their assets in a blind trust while in office? Yeah, probably. But I don't think I will indict Pelosi's slightly above average year of investments as evidence of anything in particular.

pgwhalen 5y ago
> her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested Can you expand on this? The article indicates her one year returns were considerably higher than the S&P 500 last year.
- spullara 5y ago
  Their returns all time in office are worse.
- mullen 5y ago
  One year does not mean anything. If she is beating S&P 500 over 20 or 30 years, then there is a problem.
moralestapia 5y ago
>Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. I don't know if you're using this as an argument to favor Pelosi, because this, if anything, is only another conflict of interest on top of where she's currently at. The disclosure and use of insider information from public companies can get you in big trouble, even if you're married to the people involved. There's a reason why CEOs (and the like) take HUGE caution measures when liquidating stock and try to involve family as least as possible.
KETpXDDzR 5y ago
"80% of US Fund Managers Underperform S&P 500 Over 5 years" http://www.ginsglobal.com/articles/80-of-us-fund-managers-underperform-sp-500-over-5-years/ http://www.ginsglobal.com/articles/80-of-us-fund-managers-un...
- ixacto 5y ago
  And 87% over 15 years fail to beat the s&p500. With a >10yr investment horizon 100% in VTSAX is the way to go IMO. Then just calculate your budget and start to sell into treasury bonds at the 10 year mark based on how much money is needed. They should probably teach FIRE in high school, but of course not you got to keep everyone enslaved to debt and learning about ancient history.
shusaku 5y ago
Apparently they should be put in a blind trust for their own financial well being!
soheil 5y ago
> Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. Does that mean majority of CEOs of investment firms "top[ped] the list for investments" during that time?
- nemothekid 5y ago
  Yes, for 2020, almost every investment firm had amazing returns.
- harywilke 5y ago
  No, but it should be obvious that it is a relevant data point to consider. If the article was about number of pool installations by congress members, and you left out that the husband of one of the members owned a pool installation company and you are going by numbers of pools installed by their families, not just the congress members themselves, it would be a pretty big omission.
lefrenchy 5y ago
Regardless of returns, buying TSLA leap options is a terrible look and breaks down trust in institutions. How am I supposed to look at that and just trust that she isn’t influencing policy with her options trades in mind? It’s not even about evidence of illegal actions, she’s a public official and part of her job is to build trust with the public.
- legitster 5y ago
  Again, I don't disagree with you on this. I think public officials should put their assets in a blind trust, and many of them already do.
- minsc__and__boo 5y ago
  >buying TSLA leap options is a terrible look and breaks down trust in institutions What is unusual about her spouse buying TSLA options? I'd say that the TSLA CEO has been more influential over the TSLA price than any new legislation.
  - mox1 5y ago
    What about public spending on electrical charging infrastructure? What about reduced regulation of the franchise car dealership model at the federal level? Those might have a 'lil bit of an effect.
  - fennecfoxen 5y ago
    She's the Speaker of the House. Outstanding legislation proposed by the President of the United States (a member of her political party) would subsidize the electric vehicle sector to the tune of $174 billion. If you don't think this gives rise to the appearance of impropriety, then what precisely does?
    - minsc__and__boo 5y ago
      >would subsidize the electric vehicle sector to the tune of $174 billion The U.S. infrastructure deal was unanimously supported by all members of the house, not just the speaker. This type of uncertainty/doubt argument can go both ways. Her spouse lost money on that specific option call, so that could also be proof she didn't use her influence.
stingraycharles 5y ago
Do other CEOs of investment firms have similar returns?
btilly 5y ago
That she invests a lot, nothing weird there. That her investments do so well? That's another story.

pgwhalen 5y ago

> her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested Can you expand on this? The article indicates her one year returns were considerably higher than the S&P 500 last year.

spullara 5y ago
Their returns all time in office are worse.
mullen 5y ago
One year does not mean anything. If she is beating S&P 500 over 20 or 30 years, then there is a problem.

moralestapia 5y ago

>Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. I don't know if you're using this as an argument to favor Pelosi, because this, if anything, is only another conflict of interest on top of where she's currently at. The disclosure and use of insider information from public companies can get you in big trouble, even if you're married to the people involved. There's a reason why CEOs (and the like) take HUGE caution measures when liquidating stock and try to involve family as least as possible.

KETpXDDzR 5y ago

"80% of US Fund Managers Underperform S&P 500 Over 5 years" http://www.ginsglobal.com/articles/80-of-us-fund-managers-underperform-sp-500-over-5-years/ http://www.ginsglobal.com/articles/80-of-us-fund-managers-un...

ixacto 5y ago
And 87% over 15 years fail to beat the s&p500. With a >10yr investment horizon 100% in VTSAX is the way to go IMO. Then just calculate your budget and start to sell into treasury bonds at the 10 year mark based on how much money is needed. They should probably teach FIRE in high school, but of course not you got to keep everyone enslaved to debt and learning about ancient history.

shusaku 5y ago

Apparently they should be put in a blind trust for their own financial well being!

soheil 5y ago

> Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. Does that mean majority of CEOs of investment firms "top[ped] the list for investments" during that time?

nemothekid 5y ago
Yes, for 2020, almost every investment firm had amazing returns.
harywilke 5y ago
No, but it should be obvious that it is a relevant data point to consider. If the article was about number of pool installations by congress members, and you left out that the husband of one of the members owned a pool installation company and you are going by numbers of pools installed by their families, not just the congress members themselves, it would be a pretty big omission.

lefrenchy 5y ago

Regardless of returns, buying TSLA leap options is a terrible look and breaks down trust in institutions. How am I supposed to look at that and just trust that she isn’t influencing policy with her options trades in mind? It’s not even about evidence of illegal actions, she’s a public official and part of her job is to build trust with the public.

legitster 5y ago
Again, I don't disagree with you on this. I think public officials should put their assets in a blind trust, and many of them already do.
minsc__and__boo 5y ago
>buying TSLA leap options is a terrible look and breaks down trust in institutions What is unusual about her spouse buying TSLA options? I'd say that the TSLA CEO has been more influential over the TSLA price than any new legislation.
- mox1 5y ago
  What about public spending on electrical charging infrastructure? What about reduced regulation of the franchise car dealership model at the federal level? Those might have a 'lil bit of an effect.
- fennecfoxen 5y ago
  She's the Speaker of the House. Outstanding legislation proposed by the President of the United States (a member of her political party) would subsidize the electric vehicle sector to the tune of $174 billion. If you don't think this gives rise to the appearance of impropriety, then what precisely does?
  - minsc__and__boo 5y ago
    >would subsidize the electric vehicle sector to the tune of $174 billion The U.S. infrastructure deal was unanimously supported by all members of the house, not just the speaker. This type of uncertainty/doubt argument can go both ways. Her spouse lost money on that specific option call, so that could also be proof she didn't use her influence.

stingraycharles 5y ago

Do other CEOs of investment firms have similar returns?

btilly 5y ago

That she invests a lot, nothing weird there. That her investments do so well? That's another story.