Former House Speaker Nancy Pelosi dismissed insider trading allegations from President Trump on CNN’s “The Lead with Jake Tapper.” Pelosi voiced support for the Honest Act, aimed at preventing elected leaders from owning securities. While Pelosi has no concrete evidence of profiting, a recent study showed congressional leaders outperforming others in investment gains by 47%. Legendary investor Warren Buffett advises investing in S&P 500 index funds for simplicity and accessibility.
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Goldman Sachs forecasts just 3% annual returns from 2024 to 2034, with the S&P 500 trading at its highest price-to-earnings ratio since the dot-com boom. Billionaires are turning to post-war and contemporary art for low correlation investments. Masterworks offers fractional shares of artwork by renowned artists with net annualized returns like 14.6% and 17.8%.
Investing involves risk, and past performance is not indicative of future returns. Lightstone DIRECT provides opportunities for investors to diversify their portfolios. With a focus on real estate investments, Lightstone offers a unique investment vehicle for those interested in different real estate verticals. 1. President Biden delivers his first State of the Union address, highlighting accomplishments and outlining plans for the future. He discusses the ongoing pandemic, economic recovery, and foreign policy initiatives. Biden emphasizes unity and bipartisanship in moving the country forward.
2. The U.S. surpasses 900,000 COVID-19 deaths as the Omicron variant continues to spread. Health officials urge vaccination and booster shots to protect against severe illness. Hospitals are overwhelmed with cases, leading to concerns about healthcare capacity.
3. Russia’s invasion of Ukraine escalates, with airstrikes hitting major cities and thousands fleeing the violence. The international community condemns the attack, imposing sanctions on Russia. President Biden promises support for Ukraine and warns of further consequences for Russian aggression.
4. The Winter Olympics in Beijing come to a close, with Team USA finishing in fourth place overall. Athletes from around the world competed in various events, showcasing their skills and sportsmanship. China’s hosting of the games was marked by controversy and calls for human rights awareness.
Read more at CNN: Pelosi fired back on claim she’s made a fortune through insider trading. What do the facts say?