Is your portfolio lagging the market? Why not just track the Pelosi Portfolio!
House Minority Leader Nancy Pelosi (D-Calif.) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress.
Pelosi saw her wealth rise due to some stock gains and real estate investments made by her husband, Paul.
Apple stock owned by Pelosi’s spouse rose from at least $500,000 in 2009 to $1 million in 2010. The minority leader’s husband also took a bigger stake in Matthews International Capital Management — worth at least $5 million last year, compared to $1 million in 2009 — and his investment in some undeveloped residential real estate in Sacramento, Calif., jumped to at least $5 million in value.
Source: The Hill – Pelosi’s Wealth Grows by 62%
We see over and over again that the portfolios of Congressional members consistently outperform the market – not to mention your average lumpen-vestor/voter. Moral of the story – you’d better have an edge out there…because others sure do!
Hat tip to Carson for sending this gem along.