Study: Congressional Democrats’ Stock Portfolios Spiked 31 Percent in 2024, Far Outpacing S&P 500Wendell Husebo 8 Jan 2025
Congressional Democrats appeared to greatly enhance their wealth in 2024, despite only earning a yearly salary of $174,000.
Democrat stock portfolios in 2024 far outpaced the S&P 500, a study by Unusual Whales found Tuesday, spiking on average 31 percent, seven points higher than the S&P 500 (24 percent) and five points higher than Republican colleagues (26 percent).
Unusual Whales estimated each member’s stock portfolio performance by calculating the value of each stock from the beginning of 2024 to the end of 2024.
The biggest Democrat offender was Rep. Debbie Wasserman Schultz (D-FL), whose portfolio spiked 142 percent, the report found:
Wasserman Schultz sits on the Environment, Manufacturing, and Critical Minerals Sub Committee and bought shares in Hecla Mining Company ($HL), which peaked at +45 percent.
The congresswoman, who also sits on the House Appropriations Subcommittee on Military Construction, also bought shares in Viasat ($VSAT), a military company. Viasat stock price rose 41 percent since her purchase.
Wasserman Schultz was not the only Democrat deploying an aggressive investment strategy.
After Wasserman Schultz, the top seven Democrat stock traders are:
Sen. Ron Wyden (OR), +123 percent
Rep. Morgan McGarvey (KY), +105 percent
Rep. Nancy Pelosi (CA), +70 percent
Rep. Thomas Suozzi (NY), +62 percent
Rep. Kathy Manning (NC), +56 percent
Rep. Seth Moulton (MA), +45 percent
Rep. Tina Smith (NM), +44 percent
Notable members’ returns:
Rep. Dan Crenshaw (R-TX), +61 percent
Sen. Mitch McConnell (R-KY), +45 percent
Rep. Dean Phillips (D-MN), +28 percent
Rep. Hakeem Jeffries (D-NY), +8 percent
Rep. Mike Kelly (R-PA), -53 percent
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https://www.breitbart.com/politics/2025/01/08/study-congressional-democrat-stock-portfolios-spiked-31-percent-2024-far-outpacing-sp-500/
