Posted on 01/08/2025 12:15:34 PM PST by ChicagoConservative27
Congressional Democrats appeared to greatly enhance their wealth in 2024, despite only earning a yearly salary of $174,000.
Democrat stock portfolios in 2024 far outpaced the S&P 500, a study by Unusual Whales found Tuesday, spiking on average 31 percent, seven points higher than the S&P 500 (24 percent) and five points higher than Republican colleagues (26 percent).
Unusual Whales estimated each member’s stock portfolio performance by calculating the value of each stock from the beginning of 2024 to the end of 2024.
The biggest Democrat offender was Rep. Debbie Wasserman Schultz (D-FL), whose portfolio spiked 142 percent, the report found:
Wasserman Schultz sits on the Environment, Manufacturing, and Critical Minerals Sub Committee and bought shares in Hecla Mining Company ($HL), which peaked at +45 percent. The congresswoman, who also sits on the House Appropriations Subcommittee on Military Construction, also bought shares in Viasat ($VSAT), a military company. Viasat stock price rose 41 percent since her purchase. Wasserman Schultz was not the only Democrat deploying an aggressive investment strategy.
(Excerpt) Read more at breitbart.com ...
“”But looking at the ~100 members of Congress who actively trade, only half beat the S&P. “
So it was basically a flip of the coin as to whether they beat an unmanaged index fund.
They wouldn’t pass a law against demselves and insider trading if I recollect correctly .
Age limit. Term limits. Something has to be done. If your US senator is still so great at 88, you can elect him to state office.
Sounds like a task for all those new IRS agents to unravel.
Let’s be honest: a seat in Congress simply means - cha-CHING, baby! I’ve won the lotto! - nowadays.
They represent no one but their own personal wealth.
I took college level probabilities and statistics in finite math. Those percentages beat any odds I’ve ever seen.
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