Nancy Pelosi's cash comes in 2nd place, beaten by... - The Horn News

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Nancy Pelosi’s cash comes in 2nd place, beaten by…

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by Frank Holmes, reporter

The 84-year-old former Speaker of the House, Nancy Pelosi, was recently spotted entering the House of Representatives confined to a walker.

While she shows no signs of stepping aside, evidence indicates that if she ever wants to retire from Congress, she could make a great living as a stock investment adviser.

Rep. Nancy Pelosi, D-Calif., traded so well that her personal portfolio outperformed the S&P 500 by an incredible 200 percent last year!

The value of the stocks held by Pelosi surged by an inexplicable 70.9 percent in the year between December 29, 2023, and December 30, 2024.

For comparison’s sake, the S&P 500, which includes the powerhouses of industry and technology, only increased 24.9 percent.
 

Pelosi outdid Warren Buffet’s Berkshire Hathaway’s measly 27.1 percent return on investment in 2024, although Buffet has a reputation as one of the world’s most insightful businessmen and Pelosi has a reputation for randomly blurting out non-sequiturs during interviews.

She also outperformed titan hedge funds like Citadel and Discovery Capital.

Pelosi earned an estimated $2.7 million in one day, on December 11, 2024, according to Quiver Quantitative.

Arguably, anyone can get lucky once—but Pelosi did even better this year than last year, when she secured a 65.5 percent financial gain—164 percent higher than the S&P 500.
 

Believe it or not, Pelosi is not the only member of Congress to cash in on stocks—not even the one to see the greatest return on investment.

Nancy Pelosi actually ranked ninth among members of Congress earning the highest financial return in 2024.

Pelosi came in behind Democratic Florida Rep. Debbie Wasserman Schultz, who saw her investments skyrocket by 142.3 percent. She also came in behind Democratic Sen. Ron Wyden of Oregon, who made a cool 123.8 percent return on investment, and Democratic Rep. Morgan McGarvey of Kentucky, who more than doubled his money (105.8 percent), according to the 2024 Congress Trading Report produced by Unusual Whales.

Unusual Whales tracks congressional investments and noticed an odd pattern, especially when it comes to Speaker Emerita Pelosi.

Somehow, Nancy Pelosi had the foresight to sell more than $1 million worth of Microsoft stock in late July—four months before the Biden administration’s Federal Trade Commission opened an anti-trust investigation into the software giant.

Is she a financial genius? Or did she use inside information gleaned from her role as one of the best-connected members of Congress for her personal benefit?

Pelosi’s office claimed “Speaker Pelosi does not own any stocks,” and she has no “subsequent involvement in any transactions”…which is technically true: Her husband, Paul, does all the trading for the Pelosi family.

But how does Paul have the insight to pick the right stocks, at the right time, before the federal government will take action, every single time?
 

Pelosi traded between $1 million and $5 million in Pentagon contractor stocks in 2024, although those stocks’ values depend heavily on legislation and the appropriations process.

In fact, Pelosi actually made the second-highest investment in the stocks of companies doing business with the Pentagon. The top Pentagon stock trader was Rep. Josh Gottheimer, D-N.J., who traded somewhere between $22,061,043 and $104,390,000.

A total of 37 members of Congress or their families traded stocks dealing with defense or national security—and eight of those members sat on the committees that control those two subjects: the Armed Services and Foreign Affairs Committees, according to an analysis from Responsible Statecraft.

The scandal, which no media outlet covers but everyone knows about, has caused some honest members of Congress to demand reform right away. They’re tired of seeing their legislation bottled up on committee, because it doesn’t financially benefit congressional leaders in both parties.

At the very beginning of the last Congress in January 2023, Senator Josh Hawley, R-Mo., introduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act to ban members of Congress from trading stocks. At the same time, a bipartisan group of Pelosi’s colleagues in the House—including Republicans Chip Roy of Texas and Dusty Johnson of South Dakota with then-Democratic Rep. Abigial Spanberger of Virginia—introduced the TRUST in Congress Act, which barred congressmen or their family members from owning individual stocks. If they wanted to invest, they must place their holdings in a blind trust until 180 days after they leave Congress.

Basically, congressmen could invest in a hedge fund or mutual fund that invests on their behalf, based on its own algorithms, guesses, and hunches…the same criteria they use to pick stocks for everyday, ordinary Americans.
 

Why should Democratic liberals like Pelosi and Wyden get better financial advice than you do?

Why should bills that would benefit Americans never see the light of day unless they make the rich and powerful richer and more powerful?

And why should you put up with it?

About the Author

Frank Holmes is a veteran journalist and an outspoken conservative that talks about the news that was in his weekly article, “On The Holmes Front.”