Pelosi Profits Big-Time on Nvidia

Written By Alexander Boulden

Posted February 27, 2024

Dear Reader,

I had an interesting conversation with some friends this weekend over spicy Italian subs.

I asked them a simple question…

If you wanted to buy a stock, what would be your first step?

The answer was to find an expert, someone with knowledge about the markets.

One of them said they knew nothing about the stock market but that they were investing through their “401… something… or 403… (B) — that’s the one!”

Although this was just one anecdote and a tiny sample size, it made me realize that many Americans don’t follow the markets or individual stocks… at all.

As someone who spends the majority of their day tracking single stocks, I felt shocked.

For the last few weeks, the only words I’ve been hearing are “AI” and “Nvidia.”

Join Wealth Daily today for FREE. We’ll keep you on top of all the hottest investment ideas before they hit Wall Street. Become a member today, and get our latest free report: “How to Make Your Fortune in Stocks.”

It contains the best dividend growers to add to your portfolio and full details on why dividends are an amazing tool for growing your wealth.

We never spam! View our Privacy Policy

After getting your report, you’ll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily.

Even for the investing layperson, you can’t get away from them.

But even I can’t have my finger on the pulse of every single trend. It’s frankly impossible. There aren’t enough hours in the day.

Some people do, though.

More on that in a bit…

But first, I came across some eye-opening statistics this week.

These numbers may shock you.

They may make you mad.

They’re framed in a bit of a strange way on a social media post.

I can’t find the username of the original poster, but the question was this:

Want to take a guess on the most corrupt sport in the country? NFL or NBA?

I’ll give you a few clues.

  • 36 have been found guilty of spousal abuse.
  • 7 are guilty of fraud.
  • 19 of them have written bad checks.
  • 71 can’t qualify for a credit card because of their own bad credit.
  • 3 are guilty of assault.
  • 14 drug-related charges.
  • 8 have been convicted of shoplifting.
  • 21 are currently involved in lawsuits.
  • 84 have been involved in a drunk-driving incident.

Know the answer?


These statistics are represented by the 435 members of the United States Congress.

If you’re waiting on someone in Washington to fix the mess in our country, stop… and go read your Bible.

Well, I guess it really is a representative democracy, huh?

The crazy thing is if any true citizen of the U.S. were involved in any of these criminal activities, they’d probably be in jail, fined, barred from the military, and publicly shamed.

One thing that this list left out is the elephant in the room.

The one thing Congress does that pisses us off the most.

Insider stock trading.

A recent bombshell report from The New York Times revealed that nearly one-fifth of congressional members are career criminals.

In just the last three years, a whopping 97 members of Congress, including family members, traded stock in sectors that they influence, indicating a clear conflict of interest.

The article states, “From 2019–2021, 183 current senators or representatives reported a trade of a stock or another financial asset by themselves or an immediate family member.”

Among those members, “more than half of them sat on congressional committees that potentially gave them insight into the companies whose shares they reported buying or selling.”

Now, we’ve been investigating this corrupt activity in Wealth Daily for some time, detailing how certain lawmakers profited and continue to profit off the pandemic and the Ukraine war.

Take Sen. Richard Burr, former chairman of the Senate Intelligence Committee, for example. In 2019, he gave a closed-door speech to well-connected constituents at the Capitol Hill Club, warning of the seriousness of the coronavirus. He proceeded to unload $1.72 million worth of personal stocks in mid-February, just before the market took a pandemic-related nosedive.

Or how about Rep. Mark Green? According to the Times, “While he was sitting on the House’s special coronavirus subcommittee, Mr. Green and his wife bought shares of General Electric, which got pandemic-related ventilator contracts. The company also contracts with the U.S. military, which is under the purview of another of Mr. Green’s committees.”

And Rep. Marjorie Taylor Greene purchased American oil stock Chevron (NYSE: CVX), defense contractor Lockheed Martin (NYSE: LMT), and renewable energy company NextEra Energy (NYSE: NEE) just two days before Russia’s invasion of Ukraine.

This list goes on and on and on.

If you’ll remember, President Obama passed the Stop Trading on Congressional Knowledge (STOCK) Act in 2012, which was supposed to stop these kinds of shenanigans, but even when lawmakers don’t comply with the act, nothing happens to them.

A committee comprised of congressional peers, the so-called Office of Congressional Ethics, briefly reviews the trades and just dismisses the cases.

That’s why we and others like the website Insider do our own research. Per the Times article, Insider reported last year that “72 members of Congress had fallen out of compliance with the STOCK Act by making trading disclosures late, inaccurately, or not at all.”

And even if they’re not technically insider trading, who cares?

The Times article sums it up well:

Like everyone else, members of Congress are subject to laws against insider trading. Even knowledge that would fall short of the legal definition of inside information, though, has the potential to create ethical dilemmas for members of Congress who, on any given day, might be able to glean insights through legislative work, classified briefings or meeting with constituents, donors, corporate executive, regulators, and other government officials.

But there’s something Congress didn’t see coming…

The fact that regular citizens like you and me can simply follow along with their stock trades.

It’s as easy as copy, paste, and profit!

Let’s look at the infamous white whale, Nancy Pelosi.

Here are her current holdings:

  • Apple (NASDAQ: AAPL)
  • Microsoft (NASDAQ: MSFT)
  • Nvidia (NASDAQ: NVDA)
  • Google (NASDAQ: GOOG)
  • Crowdstrike (NASDAQ: CRWD)
  • Amazon (NASDAQ: AMZN)
  • Tesla (NASDAQ: TSLA)
  • AllianceBernstein (NYSE: AB)
  • Disney (NYSE: DIS)
  • Palo Alto Networks (NASDAQ: PANW)

She’s made a literal fortune off Nvidia.

So I don’t know about you, but I’ll be following along with some of these trades with my own money.

If you want to know which ones, I’ve got you covered.

I’ve got a full list here of the hottest insider stocks trades to date.

Stay frosty,

Alexander Boulden
Editor, Wealth Daily

follow basicCheck us out on YouTube!

After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing.

Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns. He also serves at the managing editor for R.I.C.H. Report, a comprehensive service that uses the highest-quality investment research and strategies that guides its members in growing their wealth on top of preserving it.

Check out his editor’s page here.

Want to hear more from Alexander? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on. 

Angel Pub Investor Club Discord - Chat Now

Alexander Boulden Premium