The investment acumen of Nancy and her husband is truly something to behold. Here’s some data from Yahoo! Finance and The Times of London. And below the pictures, a NY Post article.
Someone has actually created an app where you can track – and copy if you wish – what they are doing. No doubt based on the financial disclosures they must periodically make while she is in Congress and which are public.
NY Post –
Nancy Pelosi made $130M in stock profits during Congress career
Before first taking Congressional office in 1987, the then-47-year-old freshman and her hubby, venture capitalist Paul Pelosi, reported between $610,000 and $785,000 in stocks in their portfolio, according to a copy of her “hand delivered” 1987 financial disclosure form.
They held a dozen stocks, including CitiBank, and in many companies no longer publicly traded.
That portfolio has soared to $133.7 million today, according to the latest estimates from Quiver Quantitative.
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Even with the power of compound interest, the windfall represents a staggering 14.5% average annual return — beating out the S&P 500, NASDAQ and Dow Jones performances over those years…
Last year, their investment portfolio pulled in an estimated 54% return, more than double the S&P 500’s 25% gain — and beating every large hedge fund, according to numbers in Bloomberg’s end-of-year tally.
People in government who have access to economic, and policy information which the rest of us don’t have, should have to either (1) put their money in a blind trust or (2) be restricted completely from holding individual stocks and only be able to use the same investment vehicles – about seven low cost mutual funds – which are in the government employee thrift savings program.
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