Pew Research recently conducted a survey to measure public trust in politicians. The results were shocking, showing only 24% of Americans claiming to trust the government. This number is down a massive 51% since the mid-1960s. That's right, down from 75% to only 24%. These statistics are alarming. Perhaps as a form of rebellion, social media influencers and individual investors have started to track the investment moves of well-known politicians, particularly Nancy Pelosi, the speaker of the United States House of Representatives.
Nancy Pelosi's husband, Paul Pelosi, owns and operates Financial Leasing Services. This is a real estate and venture capital investment firm located in San Francisco. Paul is the investor in the family and has made some very impressive trades over the past few years, so it's not surprising to see investors take notice. I personally would never invest in anything simply because someone else does, but I do think the information is interesting. In fact, many of the investments are in companies I already own shares in. Paul and Nancy Pelosi have made recent multimillion-dollar moves in FAANG stocks like Alphabet (GOOGL +1.71%)(GOOG +1.35%), Apple (AAPL 0.87%), and Netflix (NFLX 0.50%), as well as in other high-growth stocks such as Roblox (RBLX +1.15%), Nvidia (NVDA +4.30%), and CrowdStrike (CRWD +0.68%). Technology stocks seem to be their forte, which makes sense given their Silicon Valley roots.
In today's video, I break down my five favorite stock picks from the Nancy Pelosi stock tracker. I also provide some background and historical data regarding the relationship between Congress and the stock market. Please watch the below video and don't forget to subscribe to the channel.
*Stock prices used in the below video were during the trading day of Oct. 22, 2021. The video was published on Oct. 22, 2021.
