4 ms·

You can think outside the box to beat the unfair game but then you end up in jail.

Joel_Mckay 4y ago
Some simply build a portfolio by copying those who can't be charged for violating market rules. Not sure why some folks find this strategy so controversial. =) Congress member holdings report: http://clerk.house.gov/public_disc/financial-search.aspx http://clerk.house.gov/public_disc/financial-search.aspx Senate member holdings report: https://efdsearch.senate.gov/search/ https://efdsearch.senate.gov/search/
- gleenn 4y ago
  That's a very interesting idea. One obvious downside is a congressman might change their position faster than you can because they have advanced knowledge, so it would be riskier to hold the same position. Especially if that linked page updates even a little slowly. Secondly, they might have that position knowing exactly that - that they will have advanced knowledge and there it's worth having it at all. They know they have advanced knowledge so they are capable of riskier things. They also know that people can see their positions so they could game everyone by luring them into positions which they could exit quickly so as to pump and dump.
  - thallium205 4y ago
    Do they actually do that though? Pump and dump their followers?
    - Joel_Mckay 4y ago
      I'd wager it is heavily correlated with political lobbyist campaign donations. Theoretically they couldn't really trade quickly due to the speed of bureaucracy, but could change future legal policy that affects an industry commodity. =)
  - fisherjeff 4y ago
    This actually makes me think that an appropriate way to deal with congresspeople trading stock may be to require trade disclosure, say, a week in advance.
- jjoonathan 4y ago
  Is there an ETF yet?
  - madmax108 4y ago
    Unsure if this was a joke Q, but the answer may just be yes: "Two proposed exchange-traded funds would mimic stock trades made by members of Congress and their spouses. If approved, the ETFs would track trades by Democrats and Republicans, under tickers NANC and CRUZ. " https://markets.businessinsider.com/news/etf/stocks-etfs-nancy-pelosi-nanc-cruz-congress-members-trading-ban-2022-9 https://markets.businessinsider.com/news/etf/stocks-etfs-nan...

Some simply build a portfolio by copying those who can't be charged for violating market rules. Not sure why some folks find this strategy so controversial. =) Congress member holdings report: http://clerk.house.gov/public_disc/financial-search.aspx http://clerk.house.gov/public_disc/financial-search.aspx Senate member holdings report: https://efdsearch.senate.gov/search/ https://efdsearch.senate.gov/search/

gleenn 4y ago
That's a very interesting idea. One obvious downside is a congressman might change their position faster than you can because they have advanced knowledge, so it would be riskier to hold the same position. Especially if that linked page updates even a little slowly. Secondly, they might have that position knowing exactly that - that they will have advanced knowledge and there it's worth having it at all. They know they have advanced knowledge so they are capable of riskier things. They also know that people can see their positions so they could game everyone by luring them into positions which they could exit quickly so as to pump and dump.
- thallium205 4y ago
  Do they actually do that though? Pump and dump their followers?
  - Joel_Mckay 4y ago
    I'd wager it is heavily correlated with political lobbyist campaign donations. Theoretically they couldn't really trade quickly due to the speed of bureaucracy, but could change future legal policy that affects an industry commodity. =)
- fisherjeff 4y ago
  This actually makes me think that an appropriate way to deal with congresspeople trading stock may be to require trade disclosure, say, a week in advance.
jjoonathan 4y ago
Is there an ETF yet?
- madmax108 4y ago
  Unsure if this was a joke Q, but the answer may just be yes: "Two proposed exchange-traded funds would mimic stock trades made by members of Congress and their spouses. If approved, the ETFs would track trades by Democrats and Republicans, under tickers NANC and CRUZ. " https://markets.businessinsider.com/news/etf/stocks-etfs-nancy-pelosi-nanc-cruz-congress-members-trading-ban-2022-9 https://markets.businessinsider.com/news/etf/stocks-etfs-nan...