According to the alternative data platform Quiver Quantitative, replicating Nancy Pelosi’s stock trades would have yielded returns exceeding 720% since May 2014.

  • testfactor@lemmy.world
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    4 months ago

    Quick math says that’s about a 19-20% return annually for the 10yrs since 2014.

    The average APY of the S&P 500 over the same time period was about 11-12%.

    So definitely way outperforming the market, though maybe achievable with one or two good picks on individual stock?

    Definitely not a good look regardless.

    • Zipitydew@sh.itjust.works
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      4 months ago

      It’s no real secret. Her husband has been buying tech stock LEAPS this whole time. Her portfolio took a huge hit during the tech sector downturn a few years back. Paul doubled down on the tech stocks which have all shot way back up. He put a bunch of money on Nvidia during the GPU shortage well before all this bullshit AI run. Nvidia is up something stupid like 800% since then.

      If anything I’d bet it’s because she’s connected in Silicon Valley. Nancy has the same info everyone in Congress would. But since her district is in the bay area she gets to rub elbows with the right people.

    • CosmicTurtle0@lemmy.dbzer0.com
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      4 months ago

      I actually think a 20% return is modest. She literally has her finger on the pulse of the economy. She should have done better.

      Not saying I condone it but if you’re going to crime and get away with it, as least go big.

      • NewNewAccount@lemmy.world
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        4 months ago

        Professional portfolio managers, who do this for a living, with teams of intelligent and educated people working for them, struggle to consistently outperform the market in any meaningful sense.

        20% is not modest in any way.

      • Num10ck@lemmy.world
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        4 months ago

        if you’re willing it risk it and use leverage (borrow money to multiply your return, but also multiplies the down sides) sure she could’ve aimed for the moon. but theres no need to be risky when you’re her age and already rich and have a crystal ball.