all im getting is you gotta watch this guys stock history and just copy him lmao
I resent how hard it is to try and make an honest blue collar living. It's getting more and more likely that I'll never retire let alone live with basic comforts. Me and some friends of mine who are in the same boat have begun putting a little bit of money from our paychecks into what we call The Pelosi Index, mirror the stock trades she and her husband buy and sell. We're hoping that the returns on what little we put in will at least give us a little breathing room in dealing with inflation. It's bullshit that we have to do this but it's impossible to make ends meet in Vancouver on labour alone without a fancy degree or high level job. It just feels like we're being priced out of living at all
The thing is, I don't think he's investing in NVIDIA because of the CHIPS act. For one, NVIDIA was trading $300 at the end of last year. It has gotten as low as $150. If you think it's a solid company with a future, that can increase in value again, it would be silly to not buy it right now. Even before the CHIPS news, NVIDIA was a retailer favorite. But any investor could realize it's a good time to buy, regardless of what congress is doing.
An example of a company that has announcements of government contracts coming out often is Palantir. By all means, if you believe in the continuation of the MIC, then Palantir is a solid investment. But it's been trading way down for a while now. No matter how many new contracts they get, no matter how good their earnings are, they still trade down. Because announcements of government help doesn't always help your stock price. The same can be true here.
If everyone does the same thing, then it doesn't matter, the price will equalize. If everyone invests in Pelosi's moves then those moves cease to matter. This is what capitalists call efficiency in the market. It's also why knowing about the vote probably doesn't matter. We know the CHIPS act has been coming. We know it could be yes or no. Either way, is NVIDIA a solid company or not? Even if you knew the answer, the only thing that would change is the immediate intra-day movements.
Pelosi's success is about having a shit load of capital to begin with. The reason these people seem to always win is they have enough money that even the smallest gains is a shit-load of money. They also can mitigate their risk and afford brokers and people to mitigate risk on their behalf. I think the market averages a 8%-13% return annually. If he just made 3% annually by sucking at picking stocks, 3% of a $10M investment is 3M. That's enough for me to live on at my current pay for almost 100 years. So even the worst, rich traders can make tons of money. This is pretty much the secret behind every great stock picker person. They don't actually know shit, they just pick companies that will increase in value and then put a shit load of money in them. It also helps to do so at the bottom of downturns so you can ride up the recovery.
Anyways, don't focus so much on the idea that insider information is the key. Leverage and capital are the real keys.
3% of a $10M investment is 3M
Um, I hate to be the bearer of bad news but the math is wrong. For percents, take the number (3 from the 3%) and move the decimal two places to the left (3% = 0.03) so that --> 10,000,000 x 0.03 = 300,000. To make $3M at 3%, the investment needs to be $100M.
Of course. $300K per year is still an obscene amount of money for most of us.
Yeah, it's not so much a focus on whether or not the Pelosi's are insider and more of their history of high gains that we looked at.
Learning how to trade, how to analyze a market, how to research and evaluate, ect, all that takes a lot of time and time and resources that a bunch of us don't have. Between over-time hours and time required for basic needs, we can't just can't make informed and educated decision on what is a good investment. So we don't, I looked some of Congress's highest return traders and let them do the research and analysis for us. If they buy then we buy, if they sell then we sell. We obviously our own moral objections to investing in some fields such as oil or arms manufacturing, but by following their moves with our own investments we avoid having a cut skimmed of for the profit of a portfolio manager or investor if we just put it in a mutual fund or gave it to the bank.
As for the capital, we have reasonable expectations. We know we're never get rich and won't have "fuck you" money, it's not what we're after. We're just trying to make the most out of what little we're paid for our work. Money doesn't do anything if it's sitting in an account and with inflation anything that isn't growing is actually losing value so we're just hoping it helps keep our head above water.
Anyways if anyone's interested here's the link to what moves the Pelosi's make. Just don't put in anything you can't afford to lose https://housestockwatcher.com/summary_by_rep/Hon.%20Nancy%20Pelosi
"We're capitalists deary. Get fucked."
https://youtu.be/MR65ZhO6LGA
never heard that clip before, but unsurprised she said it out loud. Also, Nancy was a lot more coherent and clear 5 years ago.
“The Speaker does not own any stocks,” Nancy Pelosi’s spokesman, Drew Hammill, said in a statement to Fox Business about the stock purchase on Monday. “As you can see from the required disclosures, with which the Speaker fully cooperates, these transactions are marked ‘SP’ for Spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions.” :so-true:
SHUTUPSHUTUPSHUTUPSHUTUP!
gee I notice they don't say anything about Paul Pelosi having prior knowledge
They aren’t even trying to hide that they’re corrupt. Fuck you Nancy
Nvidia has their chips made by Samsung and TSMC. This bill would mostly support Intel so Nvidia ( and AMD) are publically against it.
That being said it's possible a chip bill would just boost all stocks related to semiconductors even if it isn't giving money to every company. Like it makes the whole sector seem safer
Or maybe there are ways that Nvidia will benefit that isn't public knowledge
