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Pelosi and a lifetime of trading

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Re: Pelosi and a lifetime of trading

#131

Post by shusaku »

legitster wrote: post #43

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'…

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

Re: Pelosi and a lifetime of trading

#132

Post by ipaddr »

treis wrote: post #77
underseacables wrote: post #7

Congress has some of the richest people in America. I’ve always been intrigued by that.

Google tells me that Rick Scott from Florida is the richest at a net worth of $260 million. Which, in the grand scheme of things, isn't all that wealthy.

In the grands scheme of things.. it's extremely wealthy.

The top 1% make 500k The top .01 make 18 million.

260 millions put Rick in a world of his own.

Only 16,000 families make at least 7 mlion a year.

Re: Pelosi and a lifetime of trading

#133

Post by samstave »

Pelosi et al

are fucking criminals. They should be in prison...

I dont think its my responsibility to tell you why, and how... If you have not been paying attention to the corruption that is all abound between tech and politics, or even if you havent even had a glimpse/perception of it or a gut feeling for it, then nobody can help you on that path.

She is scum, there are so many that are scum.

She needs to have AGE limits and EARNING limits applied to her seat in congress....

Get the fuck out.

She attempted to place her god-son (Newsome) as the next presidential candidate and he fucked up so badly in CA that they went with her next best minion, the prison person: Kamala Harris....

You remember her? The Coked out girlfrien of Willy Brown? The one who created a secret Masonic Police in the state of california, the one who wanted to jail parents if their kids missed school. The one who wanted to keep people in for profit prisons beyond their release dates so the prisons got more tax payer money?

Yeah - I am not doing the research for you... go look it up if youre ignorant to what pieces of shit these people are....

Re: Pelosi and a lifetime of trading

#136

Post by ixacto »

KETpXDDzR wrote: post #118
legitster wrote: post #43

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'…

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

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.

Re: Pelosi and a lifetime of trading

#137

Post by txsoftwaredev »

soheil wrote: post #107
wyldfire wrote: post #14

Sorry if this is a stupid question - I've only seen options as a compensation mechanism. Can you buy options on the open market just like shares? If not, how do politicians end up with options?

Yes you can buy options, however, you need a different type of brokerage account to trade options. I believe there is a high minimum amount, a few hundred thousands, to open an account that is able to trade options.

You can trade options with just a couple of bucks or on margin. You don't need a bunch of cash. I've done it on Robinhood and bought some calls for a few hundred bucks.

Re: Pelosi and a lifetime of trading

#138

Post by jtbayly »

alistairSH wrote: post #103
soheil wrote: post #79

Earlier quoted context omitted.

Did most "longtime active investor and VC[s]" make so much money?

Some do, some don’t. Either way, attributing Nancy Pelosi’s wealth to Something akin to insider trading, when her worth is largely derived from her husband’s investment firm, is torturing the truth just a little bit.

Unless politicians outperform the market in general…

Oops. They do.

Re: Pelosi and a lifetime of trading

#139

Post by stonemetal12 »

ipaddr wrote: post #132
treis wrote: post #77

Earlier quoted context omitted.

Google tells me that Rick Scott from Florida is the richest at a net worth of $260 million. Which, in the grand scheme of things, isn't all that wealthy.

In the grands scheme of things.. it's extremely wealthy. The top 1% make 500k The top .01 make 18 million. 260 millions put Rick in a world of his own. Only 16,000 families make at least 7 mlion a year.

You seem to be confusing make per year, and total net worth, unless you are suggesting that at 260 million net worth he would have had to make at least 10 million a year or some such.
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