If you want to make a lot of money in the stock market, the people to take advice from aren’t the finance gurus on TV or the people on Wall Street. The people that you should follow are the elected officials sitting in Congress who are able to achieve “abnormal returns” on their investments. The good news is that these government officials have to disclose which stocks they choose to invest in, but the bad news is that this information is dated. Still, even dated information can give you a glimpse at what type of companies that those in the US Congress choose to be part of their investment portfolio. The below information is from 2012 disclosures, the latest information currently available to the public according to OpenSecrets.org for the top 10 companies that members of the US Senate held.
#1 Apple Computer
The stock at the top of the list of those held by Senators is Apple Computer. A total of 19 senators had investments in this stock which included 10 Democrats, 8 Republicans and 1 Independent.
#2 General Electric
General Electric came in as the second most held stock (tied with P&G) among US Senators. There were 18 senators in total who owned the stock with 8 being Democrats, 9 being Republicans with a single Independent.
#2 Procter & Gamble
Procter & Gamble holds the number two spot (tied with GE) as the most held stock among Senators in Congress. The numbers exactly mirror those who also hold GE stock with 8 being Democrats, 9 being Republicans and a single Independent.
The fourth most held stock by Senators is IBM with a total of 16 members having it as part of their stock portfolio. This includes 10 Democrats and 5 Republicans.
#5 Johnson & Johnson
There are actually five stocks that all tie for the fifth place as the most held stocks by Senators, although the make-up of those holding them is quite different. This includes Johnson & Johnson which is held by 15 members (6 Democrats, 8 Republicans and 1 Independent).
#5 Exxon Mobil
Exxon Mobil is also in a tie as the fifth most held stock by members of the Senate with 15 members holding it. This includes 5 Democrats, 9 Republicans and 1 Independent.
Microsoft stock is another of the five stocks that all tied for fifth place among the most popular stocks held by Senate members. There were 8 Democrats and 7 Republicans who held shares of Microsoft as part of their stock assets.
Among those stocks tied in the fifth position is Chevron which has 15 Senators that own it. There are twice as many Republicans that own Chevron (10) than Democrats (5).
The last of the five stocks which is tied in the fifth position of the most held stocks by members of the Senate is PepsiCo with 15 Senators. These senators include 6 Democrats, 8 Republicans and 1 Independent.
#10 Bank of America
Rounding out the top ten most popular stocks among Senators are actually three stocks all tied at number 10. eack of the has 14 members holding them. Bank of America is one that is split perfectly evenly among the members with 7 from each party holding the stock.
#10 JP Morgan Chase & Co
Another stock tied in the tenth position with 14 Senate members holding it is JP Morgan Chase. Much like Bank of America, it’s split evenly (7 to 7) among Republicans and Democrats.
The last of the stocks tied at number 10 on the list of most popular stocks among Senators is Intel. There are 14 members of the Senate that hold this stock which includes 9 Democrats and 5 Republicans.
In addition to studying the stocks owned by Congress, you might also read our other articles on wealth building: