Tip #1: Marry the Right Person
Well, I don’t really mean You, you. I’m often asked investment questions by seemingly reasonably alert individuals who don’t seem to realize that Richard Young and I don’t tend to talk dividend investing over our evening meals. But even my unserious self can smell something fishy when Nancy Pelosi’s husband manages to save over half a million big ones in the stock market.
How so? Well, the Spectator’s prismatic Cockburn seems to have figured things out. As Cockburn reports, the Washington Free Beacon claims that model citizen Mr. Pelosi sold 25,000 shares of technology company Nvidia, at around $165.05 in July. That sale resulted in a loss for him of $341,365, a set of disclosures showed.
How Lucky Is That?
Well very, as it turns out. Mr. Pelosi, beyond lucky, dumped the stock just in time …
… as one month later, Nvidia revealed that the government had imposed export restrictions on the company’s A100 and forthcoming H100 circuits. The new regulations would “address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user’ in China and Russia.”
“Phew.” Cockburn admits it was close.
How to Save $600,000
According to a Twitter account that tracks the Pelosi’s controversial stock trades, by selling up before the news broke, the couple saved themselves $600,000.
Prison for the Greatest Stock Trader of All Time
No way Twitter followers are even suggesting Martha Stewart be placed back behind bars.
For some weird reason, people on Twitter seem to doubt that the Pelosis happen to be the greatest stock traders of all time, and have called for the Speaker of the House to face prison for what they colorfully describe as her “continued insider trading.”
Tip #2: Hobbies, a Good Thing!
Following Martha Stewart’s influential advice, Cockburn thinks it’s a plus that Mr. Pelosi has found a hobby other than driving after “a night on the sauce.” The media reported that Nancy’s husband was sentenced to five days of jail time in May.
He was also made to pay $1,700 in fines, which won’t be a problem if he (Paul Pelosi) keeps getting some decent stock tips from his wife.
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