In 2024, stock trading among members of Congress has sparked significant debate, largely due to the remarkable investment gains consistently achieved by former House Speaker Nancy Pelosi.
Georgia’s 14th congressional district representative, Marjorie Taylor Greene, is among the more contentious figures currently serving in Congress.
Until recently, her stock trades largely escaped scrutiny and were often regarded with humor, with some investors even suggesting an ‘inverse Marjorie’ strategy, akin to the ‘inverse Cramer’ ETF, which is based on a comparable pattern of making predictions that notoriously fail.
In a surprising twist, MTG scored a profit from a strategically executed trade involving Tesla (NASDAQ: TSLA) on October 21. Furthermore, on November 4, just prior to the presidential election, the congresswoman announced 10 stock trades made on November 1.
Marjorie Taylor Greene invests heavily in tech stocks
A recently published periodic transaction report detailed 10 trades, all of which were acquisitions. While specific amounts are not disclosed due to regulatory requirements, each transaction is estimated to fall between $1,001 and $15,000.
Taylor Greene’s total investment could range from $10,010 to $150,000. Her portfolio includes shares in Warren Buffett’s Berkshire Hathaway (NYSE: BRK.B) and The Hershey Company (NYSE: HSY), but the majority of her investments are in technology. Notably, the congresswoman serves on the House Subcommittee on Cybersecurity, Information Technology, and Government Innovation.
MTG appears to have reinforced her investment in TSLA, which has increased by 14.65% since her initial purchase on October 21, following a surge of interest after a positive Q3 2024 earnings call on October 23.
Additionally, Taylor Greene has invested in Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), and Advanced Micro Devices (NASDAQ: AMD).
It’s evident that the congresswoman maintains an optimistic outlook on technology stocks, especially with AI expenditures projected to rise through 2025. Whether MTG has genuinely embraced a new approach to stock trading remains uncertain, but her latest acquisitions seem to represent some of her soundest decisions yet.
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