The Corruption Behind Congress Stock Investing (Nancy Pelosi’s Trading Explained)
Stock trading in the U.S. Congress has always been a debated topic. But recently, with trades from Speaker Nancy Pelosi outperforming while the broader stock market keeps crashing, new discussion has emerged around the legality and morality of stock market investing by elected politicians in 2022. But will Congress and Joe Biden do anything about it? Well, potentially. After the Stop Trading on Congressional Knowledge Act was passed back in 2012, now a new congressional stock trading bill is being considered. But will it make it? Should it make it? Let’s find out.
Check out my list of the top 10 stocks in Nancy Pelosi’s portfolio over on Simply Wall Street here:
https://simplywall.st/discover/community-ideas/288557/top-nancy-pelosi-stocks?via=newmoney
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★ ★ CONTENTS ★ ★
0:00 Conflicts of Interest Inside Congress
2:40 Nancy Pelosi’s Stock Trading
4:13 Pelosi’s Portfolio
4:54 Isn’t This Insider Trading?
5:56 Do Politicians Beat the Market?
6:45 Conflicts of Interest Everywhere
8:09 Will Politicians Be Banned From Stock Trading
9:44 The Loophole
DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.
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