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We can all be rich like Pelosi! Viral app allows you to track famous politicians’ investment portfolios

A now-viral investing app is being used to track and replicate the portfolios of Congress’s top moneymakers, including former House Speaker Nancy Pelosi.

The app, Autopilot, not only tracks the trading decisions and disclosures of wealthy politicians and investment managers. It also allows users to apply the same decisions to their own trading accounts.

“To use Autopilot, you select the portfolio you wish to invest in, connect your stock brokerage account, select an amount you wish to invest, and Autopilot will direct the brokerage to place trades when new public disclosures of trades are made for chosen portfolios,” according to Forbes.

So if you were to choose Pelosi’s portfolio, your account would automatically place a trade the next time she placed a trade.

The nice thing about the app is that it’s free to track and trade just one portfolio. To track and trade more portfolios, you must pay a $29 fee per quarter or a $100 fee per year

Autopilot’s founders — Brian Schardt, Scott Schardt, Aaron Langley, and Christopher Josephs — reportedly created it to “democratize wealth management.”

“The team [originally] founded a social investing app Iris in 2020, which allowed investors to follow friends’ investment portfolios,” Forbes notes. “In 2022, they built the popular X account, Nancy Pelosi Tracker, which tracked former House Speaker Nancy Pelosi and other politicians’ trades, and built a tracker of Pelosi’s trades into Iris.”

“Iris users requested portfolios of other top investors and instantaneous trades through the app, so the team launched Autopilot in 2023 to fulfill this feedback,” the reporting continues.

A spokesperson for Pelosi previously claimed that she personally “does not own any stocks” and that all stock decisions are made by her investor husband, Paul.

Yet, Fox News host Jesse Watters previously in 2021 exposed how Pelosi’s family wealth exploded AFTER she became a congresswoman.

Watters started by noting that sometime after Pelosi’s husband opened the real estate and venture capital investment and consulting firm Financial Leasing Services, Inc., he used his newly made “connections” to push her into politics, “helping her get elected to Congress in 1987.”

Following her election to office, their wealth exploded.

“The couple has timed the market perfectly over the years while Nancy’s been a Washington insider,” Watters said. “Real estate stocks — the Pelosis always know what the right investment is. Since getting married, they’ve acquired a mansion in Napa Valley, a vineyard home worth up to 25 million — [a] real luxury.”

“It’s on 16 acres. Pelosi has a gorgeous waterfront condo in the exclusive K Street region in D.C. now worth over two million. She has a multi-million dollar red brick mansion in California’s Pacific Heights. And Paul owns at least two commercial properties in San Francisco,” the Fox News host continued.

The most recent wealth explosion occurred after Pelosi became House speaker again in 2018.

“That year, her financial disclosure report revealed a net worth of over 114 million. Then in 2019, Pelosi’s assets totaled up to a whopping 271 million. And in 2020, those numbers went up even more to as high as 315 million bucks. Quite a lot of crumbs,” Watters said.

He then asked the question on everyone’s mind: “Where’s the money coming from?”

According to Watters, the evidence suggests — but does not definitively prove, he stressed — that the Pelosis have been engaging in insider trading.

“In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions, so they hired a team of lobbyists who descended on Pelosi,” he said. “Visa’s CEO personally met with her. She got donations from him. One of Nancy’s advisers left and became a Visa lobbyist himself — the ol’ inside-outside game.”

“Now get this: Suddenly [that same year], Paul Pelosi got a phone call from his broker; he was in luck. Paul was offered a pre-screened invite to get in early on Visa’s 18-billion-dollar IPO. Did Nancy and her husband hesitate? No, they bought between one million and five million worth of Visa stock.”

Watters continued by noting that similar patterns of behavior have been spotted numerous times in the past few years alone.

“In March, Paul Pelosi exercised two million dollars worth of Microsoft options just two weeks before the tech giant got a 22 billion dollar contract to equip the U.S. Army with high-tech headsets,” he said. “In January, the Pelosis got a million dollars worth of Tesla stock right before Joe Biden announced electric car incentives.”

“In June, the Pelosi family cashed in big time. Just before Congress was set to pounce on big tech, Mr. Pelosi exercised options on Google’s parent company, Alphabet, making an easy 5.3 mill,” he added.

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Vivek Saxena
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