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.
by Tim Mak
Sep 21, 2021
4 minutes
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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