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Let’s be real: Pelosi became famous for it because right-leaning groups were looking for yet another thing to put on her and then it was picked up by WSB and be

Let’s be real: Pelosi became famous for it because right-leaning groups were looking for yet another thing to put on her and then it was picked up by WSB and became a meme. Pelosi’s rate of return isn’t the highest (in 2024, it was 10th, less than half the highest). If you analyze their trades, very few are suspect of timing. They just make a bunch of long term bets on tech. https://www.fool.com/research/congressional-stock-trading-who-trades-and-makes-the-most/ https://www.fool.com/research/congressional-stock-trading-wh...

Jensson 2y ago
> If you analyze their trades, very few are suspect of timing. They just make a bunch of long term bets on tech. But what about the ones that very obviously are? Why did they sell a lot of Visa stocks? "On Tuesday, less than three months after the massive transaction, Visa was hit with a DOJ lawsuit alleging that the company illegally monopolized the debit card market." Selling whenever a company gets into regulatory trouble means you avoid all the big downs but still get from all the long term ups. Its a very simple strategy as you say, but its still insider trading even though the ups are mostly the long term gains.
- rvz 2y ago
  > But what about the ones that very obviously are? Why did they sell a lot of Visa stocks? That's a good question and let's use that example. According to the article and as you mentioned, they sold Visa stock less than 3 months ago and THEN the DOJ filed a lawsuit against the company. So how did Pelosi know that that would cause the stock to drop and the DOJ was going to file it? The lawsuit wasn't public months ago and it is related to none other than the government which she has access to. Then she traded with that information with no downside risk which she benefited from. If that is not an insider trading loophole, I don't know what is.
  - LeafItAlone 2y ago
    >So how did Pelosi know that that would cause the stock to drop and the DOJ was going to file it? The lawsuit wasn't public months ago and it is related to none other than the government which she has access to. >Then she traded with that information with no downside risk which she benefited from. >If that is not an insider trading loophole, I don't know what is. Yes, if you start with the conclusion (that she traded because of the impending DOJ lawsuit), then, yes, you will reach the conclusion that she insider traded because of the DOJ lawsuit. If you instead ask why they might have traded Visa at the time they did, you will see that there were many valid reasons that they (and many, many others) decided it was a good time to sell. And as it turns out, they were all wrong, because Visa is up compared to the broad market since their sell date (July 1, 2024). https://portfolioslab.com/tools/stock-comparison/V/SPY https://portfolioslab.com/tools/stock-comparison/V/SPY
    - rvz 2y ago
      > If you instead ask why they might have traded Visa at the time they did, you will see that there were many valid reasons that they (and many, many others) decided it was a good time to sell. All said in hindsight today, but never for those who benefitted from the insider information. Investors will always buy the stock after it plummets, whilst those who didn't sell had to wait or buy lower to break even. This does not excuse the fact that the Pelosis' benefitted from insider (political) information and traded on that, like this blatant example. An advantage that neither of us have. Defending politicians trading on insider info (political or economic) isn't the hill one should die on. If you did exactly that and made tens of millions, you would be in prison and be replying to me years later telling others not to do it.
      - LeafItAlone 2y ago
        >This does not excuse the fact that the Pelosis' benefitted from insider (political) information and traded on that, like this blatant example. You, nor others, have not actually proven that. >Defending politicians trading on insider info (political or economic) isn't the hill one should die on. Right, and that’s not what I’m doing. I think politicians in top levels of government should be banned from trading their own stocks (and family, etc.). (Though admittedly I don’t know exactly what that looks like) They should be serving the people, not themselves. But if I tell you sandwiches should be banned because they are bad for you and I bring you a bowl of pasta as an example of their harmful ways, I’m going to look silly, aren’t I?
- LeafItAlone 2y ago
  >Why did they sell a lot of Visa stocks? Ok, I guess you got me there. I guess there is no explanation why they sold $500k-$1m Visa on July 01, 2024, almost 3 months before the Sep 24, 2024 DOJ lawsuit. It's not like Visa was in a already in in a slump since the beginning of the 2024, going in the opposite direction of their tech-based stocks [it was]. It's not like they have been slowly shedding Visa for the past decade, every couple of years [they have been]. And they must certainly have closed out their full position in Visa at tht time [they didn't]. In theory it could be possible that they were shedding that to load up on $2m-$10m of NVDA around the same time [like everybody else was]. But that would be too convenient [it's not]. And they certainly made the right choice, Visa currently being ~22% above the point that they sold at; they sure saved a lot of money doing that [they lost out on money]. Rather than taking for gospel what the leader of the opposing party and it's media arms are telling you to believe (especially when many get the value wrong), I strongly urge you to consider the factual data and draw conclusions for yourself. And then, when you want to basically match Pelosi's trades - go load up on VOO or similar like the rest of us did in 2024. - https://finance.yahoo.com/quote/V/ https://finance.yahoo.com/quote/V/ - https://portfolioslab.com/tools/stock-comparison/V/VOO https://portfolioslab.com/tools/stock-comparison/V/VOO - https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197 https://www.quiverquant.com/congresstrading/politician/Nancy... - https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2024/20025368.pdf https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/202... - https://disclosures-clerk.house.gov/FinancialDisclosure https://disclosures-clerk.house.gov/FinancialDisclosure

Jensson 2y ago

> If you analyze their trades, very few are suspect of timing. They just make a bunch of long term bets on tech. But what about the ones that very obviously are? Why did they sell a lot of Visa stocks? "On Tuesday, less than three months after the massive transaction, Visa was hit with a DOJ lawsuit alleging that the company illegally monopolized the debit card market." Selling whenever a company gets into regulatory trouble means you avoid all the big downs but still get from all the long term ups. Its a very simple strategy as you say, but its still insider trading even though the ups are mostly the long term gains.

rvz 2y ago
> But what about the ones that very obviously are? Why did they sell a lot of Visa stocks? That's a good question and let's use that example. According to the article and as you mentioned, they sold Visa stock less than 3 months ago and THEN the DOJ filed a lawsuit against the company. So how did Pelosi know that that would cause the stock to drop and the DOJ was going to file it? The lawsuit wasn't public months ago and it is related to none other than the government which she has access to. Then she traded with that information with no downside risk which she benefited from. If that is not an insider trading loophole, I don't know what is.
- LeafItAlone 2y ago
  >So how did Pelosi know that that would cause the stock to drop and the DOJ was going to file it? The lawsuit wasn't public months ago and it is related to none other than the government which she has access to. >Then she traded with that information with no downside risk which she benefited from. >If that is not an insider trading loophole, I don't know what is. Yes, if you start with the conclusion (that she traded because of the impending DOJ lawsuit), then, yes, you will reach the conclusion that she insider traded because of the DOJ lawsuit. If you instead ask why they might have traded Visa at the time they did, you will see that there were many valid reasons that they (and many, many others) decided it was a good time to sell. And as it turns out, they were all wrong, because Visa is up compared to the broad market since their sell date (July 1, 2024). https://portfolioslab.com/tools/stock-comparison/V/SPY https://portfolioslab.com/tools/stock-comparison/V/SPY
  - rvz 2y ago
    > If you instead ask why they might have traded Visa at the time they did, you will see that there were many valid reasons that they (and many, many others) decided it was a good time to sell. All said in hindsight today, but never for those who benefitted from the insider information. Investors will always buy the stock after it plummets, whilst those who didn't sell had to wait or buy lower to break even. This does not excuse the fact that the Pelosis' benefitted from insider (political) information and traded on that, like this blatant example. An advantage that neither of us have. Defending politicians trading on insider info (political or economic) isn't the hill one should die on. If you did exactly that and made tens of millions, you would be in prison and be replying to me years later telling others not to do it.
    - LeafItAlone 2y ago
      >This does not excuse the fact that the Pelosis' benefitted from insider (political) information and traded on that, like this blatant example. You, nor others, have not actually proven that. >Defending politicians trading on insider info (political or economic) isn't the hill one should die on. Right, and that’s not what I’m doing. I think politicians in top levels of government should be banned from trading their own stocks (and family, etc.). (Though admittedly I don’t know exactly what that looks like) They should be serving the people, not themselves. But if I tell you sandwiches should be banned because they are bad for you and I bring you a bowl of pasta as an example of their harmful ways, I’m going to look silly, aren’t I?
LeafItAlone 2y ago
>Why did they sell a lot of Visa stocks? Ok, I guess you got me there. I guess there is no explanation why they sold $500k-$1m Visa on July 01, 2024, almost 3 months before the Sep 24, 2024 DOJ lawsuit. It's not like Visa was in a already in in a slump since the beginning of the 2024, going in the opposite direction of their tech-based stocks [it was]. It's not like they have been slowly shedding Visa for the past decade, every couple of years [they have been]. And they must certainly have closed out their full position in Visa at tht time [they didn't]. In theory it could be possible that they were shedding that to load up on $2m-$10m of NVDA around the same time [like everybody else was]. But that would be too convenient [it's not]. And they certainly made the right choice, Visa currently being ~22% above the point that they sold at; they sure saved a lot of money doing that [they lost out on money]. Rather than taking for gospel what the leader of the opposing party and it's media arms are telling you to believe (especially when many get the value wrong), I strongly urge you to consider the factual data and draw conclusions for yourself. And then, when you want to basically match Pelosi's trades - go load up on VOO or similar like the rest of us did in 2024. - https://finance.yahoo.com/quote/V/ https://finance.yahoo.com/quote/V/ - https://portfolioslab.com/tools/stock-comparison/V/VOO https://portfolioslab.com/tools/stock-comparison/V/VOO - https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197 https://www.quiverquant.com/congresstrading/politician/Nancy... - https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2024/20025368.pdf https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/202... - https://disclosures-clerk.house.gov/FinancialDisclosure https://disclosures-clerk.house.gov/FinancialDisclosure