this post was submitted on 26 Jan 2024
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[–] [email protected] 12 points 10 months ago (5 children)

How do 80 year olds know what stocks to buy and I don’t?

[–] [email protected] 15 points 10 months ago (1 children)

Because they get all the insider info that they are legally allowed to use for investment strategies which commoners are not.

[–] [email protected] 13 points 10 months ago

She married a man in college who would later become the owner of an investment firm. Have you tried doing that?

[–] [email protected] 3 points 10 months ago* (last edited 10 months ago)

They're in a job where they often are the first to hear significant public info that will affect the markets. This lets them make stock deals to their benefit before anyone else.

If they're being scummy, they use info that isn't public.

Progressives in the DNC are pushing for this to be reformed, so that's the best path for change.

[–] [email protected] 1 points 10 months ago

Who says they do? Everyone holding Nvidia got the gains, it's the 6th largest company by market cap, everybody with enough money in the stock market (or any shares in an S&P 500 index fund) owns some.

And you'll never see an article about Nancy Pelosi losing money because nobody cares, so if she has a lot of money in a lot of places, you'll just see the bets that succeeded and think she's killing it.

[–] [email protected] 1 points 10 months ago

What methods have you tried? She's tried ALL of them