The wealth of Congressional Democrats in 2024 appeared to be greatly increased, despite earning only $174,000 per year.

Unusual Whales, a research firm, found that Democrat portfolios will outpace the S&P 500 in 2024. They are expected to increase by an average of 31 percent. This is seven points more than the S&P 500 (24%), and five points more than their Republican counterparts (26%)

Unusual whales calculated each member’s portfolio performance by calculating each stock value from the start of 2024 until the end of the year 2024.

The report revealed that the biggest Democrat offender in this case was Rep. Debbie Wasserman Schultz, D-FL. Her portfolio grew by 142 percent.

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Wasserman Schultz is a member of the Environment, Manufacturing, and Critical Minerals Sub Committee and has bought shares in Hecla Mining Company (HL) which reached a peak at +45 percent.

The congresswoman also purchased shares of Viasat ($VSAT), which is a military firm. Viasat’s stock price has risen by 41 percent since she bought it.

Wasserman Schultz wasn’t the only Democrat to adopt an aggressive investment strategy.

The top seven Democrat stock brokers after Wasserman Schultz are:

Sen. Ron Wyden (OR), +123 percent

Rep. Morgan McGarvey (KY), +105 percent

Rep. Nancy Pelosi, (CA), +70%

Rep. Thomas Suozzi, (NY), +62 %

Rep. Kathy Manning (+56%)

Rep. Seth Moulton, (MA), +45

Rep. Tina Smith (+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

Unusual whales provided additional details about the congressional stock trading:

Only half of the 100 members who actively traded beat the S&P. Most of Congress, however, tracked SPY (20-27% return), but with less trading activity than in previous years. Those who beat SPY also outperformed S&P in the options market (Nancy Pelosi, specifically).

Why? Why? Congress made a lot of money this year by holding Amazon, NVDA and META.

Remember that these same big tech companies lobby for the very people who own company shares. Our politicians could have direct control over decisions that can financially benefit or harm these companies.

Most Americans are united by the issue of Congressional stock trading.

A poll conducted in 2023 found that 86 percent of Americans support preventing members of Congress from trading stocks. This includes 87 percent Republicans, 88 % Democrats and 81 % of Independents.