Nancy Pelosi: the best stock trader in the world

This is crazy to look at

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Well, it’s a new year, but some of the folks in Washington are up to their same old tricks. Remember a few weeks ago, when Speaker of the House Nancy Pelosi was asked about a grassroots movement to ban elected officials from buying stock and trading?  She responded coyly: “We’re a free-market economy, they should be able to participate in that.”  Well, as if there was any doubt, one of the reasons Speaker Pelosi said that is because Nancy herself loves to trade and invest in Wall Street. And while there’s nothing inherently wrong with that (after all, we all do the same stuff, right?) the logic of some, including influential members of her own party like AOC, states that because lawmakers have access to information you and I don’t have, all investments these elected officials make have at least a tinge of “insider trading” hovering over them. Well, Nancy apparently isn’t bothered by whatever specter of impropriety she might be living under, because according to this article, Pelosi just bought millions of dollars in call options in Google, Micron, Roblox, Salesforce, and Disney. And because these trades are publicly reported, you can look at them for yourself: Now, I’m absolutely not here to take sides.  Plenty of Republicans do the same thing, and there were folks on both sides of the aisle that got swept up in the COVID-selloff that was so controversial a few months ago. But it really does make you wonder: is it okay that the Speaker of the House, one of the most influential people in the country, is throwing tons of money around in the stock market, with whatever special information she does or does not have? Do you think any of these call options will end up going belly-up on her? Or do you think she stands to make a windfall?  All the while, folks on her side of the aisle demand the rich pay more in taxes and even propose taxes on unrealized capital gains. It’s just all interesting to think about. If Mitch McConnell was doing this, would I have read about it on ZeroHedge, or would the MSM have shined a spotlight on it? What do you think? Do you think folks like Nancy Pelosi or Mitch McConnell should be allowed to make million-dollar call options whenever they want? Or should there be different rules for folks in Washington, who get non-public information?  Pop into the Discord if you’re in there and we can chat about it directly. Or reply to this email if you have some thoughts!  Hope this didn’t get you too fired up, but after a long holiday weekend, maybe we need a little pep in the step!  Hope you’re having a good one, Jeffry Will Bitcoin Roll Higher in 2022? My Take… If you read the financial headline sites, you’ll see another new cryptocurrency skeptic every single day. They’ll tell you Bitcoin is at the end of its run, that it won’t be a hedge against inflation, that we could see it crater any day now. So what’s the reality of Bitcoin as we enter 2022?    We are entering a new era for cryptocurrency… The fact of the matter is, those analysts are wrong. They want the juicy headline and they want your clicks — and they may sincerely believe what they’re saying. But in my opinion, we’re only just beginning to see cryptocurrency reach its true potential. Over the last year, crypto has started to truly become “mainstream,” and we’ve seen major companies — from AMC to Tesla to Starbucks — begin to work Bitcoin and other tokens into their business model.   The widespread implementation of cryptocurrency by major companies means we are entering “the Age of Adoption”  Bitcoin and other cryptos will only get more and more of a foothold in the months and years to come. There are those that still fear that BTC could be stopped by the government… but now the government is making tax money off crypto investors. They’re not about to shut that revenue stream!  Cryptocurrency is primed for more success than ever as the year progresses…   Along Comes Tap Root Did you know that Bitcoin just had a code change to give it many of the same features as ETH?   It was called Tap Root.  That change created the ability for other cryptos and smart contracts to be built on top of the powerhouse that is bitcoin.   Developers are just now starting to get to work on rolling out hot new stuff in the crypto space all powered on the bitcoin network.  All this creates demand for Bitcoin and with a finite supply, we can expect higher prices!   “So what does this mean for how we trade crypto?”   If you’re curious about how I plan to trade crypto in the new year, I’d encourage you to watch this special session. Recently, I got to sit down with Celeste Lindman and the gang over at Ask the Pros, along with top-notch trader Tony Saliba, to talk about the crypto space. I explained the Age of Adoption in detail, and shared some of my targets and expectations for crypto in the year ahead. You can catch the whole presentation by clicking here… Manage Your Email Preferences Unsubscribe This email was sent by: InvestPub 495 Town Plaza Avenue Ponte Vedra Beach, FL, 32081, US Update Profile We respect your right to privacy. View our policy. Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.