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Even broad market trends are something they could have inside information on, if they have advance notice of major legislative efforts success.
by jefftk 3y ago
Even broad market trends are something they could have inside information on, if they have advance notice of major legislative efforts success.
- awestroke 3y agoThen restrict them so that they can only buy/sell once per year, and need to declare their investment choice 1 month before the yearly buy/sell date
- neilv 3y agoFixed asset allocation aligned with ordinary American, and no moving back and forth from cash. (Just cash for modest bill-paying, emergency fund, home, big child-raising expenses like college tuition.) They're generally incentived to keep all 3 indexes up.
- pc86 3y agoGoing from "no individual stock picking" to "we feel you have too much cash, you have to buy index funds!" is quite the leap.
- neilv 3y agoMoving huge sums between index funds and cash can constitute trading on insider information, and/or on conditions that a lawmaker is able to manipulate.