NPR

TikTokers Are Trading Stocks By Watching What Members Of Congress Do

Online stock trading has taken off, bolstered by easy apps and lower prices. Now, a community of young investors have a new strategy: looking for stock tips from members of Congress.
A community of young investors on TikTok, including @ceowatchlist, @quicktrades and @irisapp, are using House Speaker Nancy Pelosi's stock trading disclosures as inspiration for where to invest themselves. One user called Pelosi the market's "biggest whale," while another called her the "queen of investing."

Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips.

Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi's stock trading disclosures are a treasure trove. "Shouts out to Nancy Pelosi, the stock market's biggest whale," said user 'ceowatchlist.' Another said, "I've come to the conclusion that Nancy Pelosi is a psychic," while adding that she is the "queen of investing."

"She knew," declared Chris Josephs, analyzing a particular trade in Pelosi's financial disclosures. "And you would have known if you had followed her portfolio."

Last year Josephs noticed

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