Being good at investing during your term in the U.S. House of Representatives is one thing. But doing it so well that you might get it outlawed is a different story.
The introduction of the Transparent Representation Upholding Service and Trust (TRUST) in Congress Act or the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, if approved, could mean that elected congressional representatives can no longer trade stocks.
While the S&P 500 rose by 24% in 2023, U.S. Rep. Nancy Pelosi's (D-California) portfolio jumped by 65%. In the sea of public companies she has purchased, one private investment in an artificial intelligence (AI) startup sticks out.
Most emerging AI companies are private, but you can still invest in them like the former speaker of the House.
Don't Miss:
- This Uber-for-moving startup is quietly taking the world by storm, here’s how anyone can invest for a limited time.
- Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity.
An Interesting Track Record
Like all members of the House of Representatives, Pelosi can make an educated guess about which bills are likely to pass. Acting on that knowledge is legal, although that may change for Pelosi and her colleagues on both sides of the political spectrum.
In 2022, Pelosi bought thousands of shares of Nvidia Corp. In December 2022, Pelosi's husband, Paul, sold 30,000 shares of Google — one month before it was sued over alleged antitrust violations. The Pelosi household also profited from buying call options on Tesla Inc. one month before President Joe Biden announced that the federal government's fleet would be going electric.
In 2024, Pelosi is joining the AI boom that is captivating many investors, acquiring $5 million worth of stock in Databricks, a privately held ChatGPT competitor. Databricks developed a large language model that it says outperforms ChatGPT 3.5 on most benchmarks.
Trending: Invest like a millionaire. Exclusive opportunity to invest in Epic Games $17 billion gaming empire.
There's A Way To Copy Pelosi's Strategy
A race is taking place in the AI market that is much like what happened when the internet was in its infancy. For now, various startups are solving similar problems with AI. As certain players gobble up bigger parts of the pie, they could emerge as the Amazons, Metas and Googles of tomorrow and work their way up to trillion-dollar valuations. The problem is almost all of them are private, making investing in them inaccessible to regular investors. But there are ways.
Large language models are only one segment of AI. Thousands of AI models are being developed by startups around the world. Some rely exclusively on venture capital firms for funding, while others open the door to regular investors. Even a couple hundred dollars is enough to invest in these companies, and you can do so with a few clicks. With $1,000, you can create a small portfolio.
AI is transforming the world, potentially creating exorbitant wealth for people with a stake in the race. Today, you have the opportunity to acquire yours.
Keep Reading About Startups:
- Retail invested +$2 million in this tech-forward startup taking on a $272 billion industry.
- This startup coined “eBay for gamers” with a breathtaking track record has opened up a window to invest in its future growth.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
