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I'd be fine with congressional stock trading if congress members were required to immediately report trades instead of the 45 days or so they are currently legally required to
Nah, they already got their money by then. Their trades go through first then everyone else's? And prereporting trades is ripe for stock manipulation. They should not be able to personally manage a portfolio and imho insider trading should carry hefty corruption penalties for congress.
I'd only be okay with it if those trades were reported and published publicly within the hour of the trade.
Let everyone benefit from inside trader or do the right thing and make everyone subject to the law.
I thought that was currently the case they just had a 45 day max reporting timeline, unless my Nancy pelosi clone portfolio has been lying to me. Apparently her average reporting time is 14 days
Just curious... How is your Pelosi clone portfolio going? Is it a legitimate investment strategy compared to the usual suggestion of index funds?
There's two ETFs now for tracking democrat trades and republican trades if you have any interest in tracking this kind of portfolios performance! I don't think there's an ETF for Nancy specifically but she's definitely a part of the dem ETF
Cool, I tried looking it up.
Seems like the tickers are NANC (D) and KRUZ (R)
Are those the ones you are taking about? If so, I love the tickers.
Yes! I had totally forgotten the names and just remembered theyre silly, those are the ones!
That would be so funny if the ETF for the Dems was called Nancy
So far over the past year I've had it active, I'm up 40%. It seems to be working well, I have it automated through a service called Autopilot and it has already paid for itself. I wish I put more into it at the start but so far I've got no complaints.
If they wish to invest, it should be in a fund that is managed for them by people without insider knowledge.