How Politicians Keep Getting So Rich

Stock trading in the U.S. Congress has always been a debated topic. But recently, with trades from Speaker Nancy Pelosi outperforming while the broader stock market keeps crashing, new discussion has emerged around the legality and morality of stock market investing by elected politicians in 2022. But will Congress and Joe Biden do anything about it? Well, potentially. After the Stop Trading on Congressional Knowledge Act was passed back in 2012, now a new congressional stock trading bill is being considered. But will it make it? Should it make it? Let’s find out.

Check out my list of the top 10 stocks in Nancy Pelosi's portfolio over on Simply Wall Street here:
The first 100 to sign up to Simply Wall Street using that link will receive 40% off!

★ ★ PROFITFUL ★ ★

★ ★ CONTENTS ★ ★
0:00 Conflicts of Interest Inside Congress
2:40 Nancy Pelosi's Stock Trading
4:13 Pelosi's Portfolio
4:54 Isn't This Insider Trading?
5:56 Do Politicians Beat the Market?
6:45 Conflicts of Interest Everywhere
8:09 Will Politicians Be Banned From Stock Trading
9:44 The Loophole

DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.

Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands that do not deal in a financial product (as per Australian Law).

[NewMoneyYouTube]

Hey guys! If you wanted to check out my list of the top 10 stocks in Nancy Pelosi's portfolio, you can find it here:
The first 100 to sign up to Simply Wall Street using that link will receive 40% off!

[diedreblack]

<Charts appear to say >20.5' btc< bottom i could see that, but not with the macro situation though. I don't even think talkin' about the bottom is worth it atm. Macro is the worst in decades energy, inflation, rate hikes, supply shortages etc etc its the perfect storm. From 2009 till around 2021 when the economy was boomin & the fed was printing money btc still crash about 85%. So i find it hard to accept a 75% crash for a bear market that lines up with a global recession, dont make sense to me. Institutions & whales need retail to sell so theres enough supply to meet their demand & they aint buyin yet!! The thing is retail aint got any money to ape in to btc atm & over the next 12 months or so i see less money in the system as the fed tightens & everything goes up in price. So where will the money come from in that kind of a setting?? I really don't think we've seen the bottom yet or the kind of pain coming next year after mid terms. I guess we will see, I will keep buy and just trade long term more than ever, I have made over 5.6` btc from trading with Roy Colter in few weeks this is one of the best medium to backup your assets incase it goes bearish < You can reach Roy on ͲeIєɠɾαm @gary_c07....

[jacksonroman]

I appreciate your approach of teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. I'm 47, and earn nothing less $150k per year, but nothing to show for it yet.

[studiouswadoo]

the problem with banning politicians from trading is they'll just get their families to do it or find some trust that lets them sidestep the law. I think we just need stricter to criminalize profiting from insider trading, so if you can prove that a politician used their power/info to profit then they can face prison time/huge fines

[wayne_vt]

Truly infuriating. How this is allowed to go on is mind-boggling, but I suppose they're not going to vote to limit their own ability to make money on inside information.

[bluedunn]

Imagine how bad it is in Australia, we don’t have this level of investor ID and visibility.

[kangta]

They need to be in Jail, such hypocrisy.

[georgewitmore]

And then politicians wonder why people in this country are losing trust in the government… 😒

[Thinking_Business]

It’s pretty surprising that she hasn’t stopped trading despite all the media attention it has received..

Keep it simple: Politicians and their spouses should not be allowed to trade stocks. Period.

[arigutman]

I think it is ridiculous, borderline repulsive, that policymakers who receive insider information get to trade freely, yet rules do not apply for business executives etc. If anything, a policy maker should be limited to investing into broad market indexes funds.

[jamesparker]

I began accumulating wealth when I started following up my investment properly, <The importance of mentorship from an expert cannot be underestimated. Without proper mentoring one tends to mismanage capital. That is why I prefer trading with expert DonnaElizabeth. Her techniques are mind blowing and highly profitable

[jorritmorrit]

It becomes even more upsetting when considering a person on the other side is losing money so these people can make more and more

[jessyandrew]

Most times it amazes me greatly the way I move from an average lifestyle to earning over $65k per month, utter shock is the word, I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus

[marilynnschroeder]

We’re all sick of the hypocrisy of these politicians and their families being allowed to use their “inside” information to trade and profit!

[isaacl]

There is no way politicians would agree to an outright stock ban. Letting them trade in indexes still is probably smart. Like allowing them to buy the s&p because they still have an option to get the upside in stocks without the bias of owning specific stocks they might end up with conflicts of interest with

[CurieBohr]

If you’re in Congress, insider trading is legal.

[kevinmcfarland]

Politicians doing unethical things with money? Who would’ve guessed?!

[TNKHART]

The level of corruption is just crazy. Bummer, I really liked the Simply Wall.st link but I missed out on the 40% off. Maybe next time.

[mathisnotforthefaintofheart]

It's ridiculous that politicians can do stock trading. Absolutely an embarrassment. And nothing will happen to stop it.