3 ms·
There can be a lag, but not always. Sometimes it’s just a day or so between trade and reporting. Seems like one way to derisk would be to evaluate the time betw
by MOARDONGZPLZ 2y ago
There can be a lag, but not always. Sometimes it’s just a day or so between trade and reporting. Seems like one way to derisk would be to evaluate the time between trade and reporting plus whether anything significant has happened in that timeframe.
For example, Senator buys a stock, stock jumps and plateaus a week later, buy is reported a month later would mean don’t add this to ETF.
- twothreeone 2y agoI thought they have 60 days to report trades [1] and there are a bunch of stock-based investments that explicitly don't require reporting (EIF's)? Sure, if somebody decides to voluntarily file on day 1, or buy stock "raw" that's cool, but in general there should be quite significant lag or gaps (to the point where short/medium-term there's no signal basically). [1] https://ethics.house.gov/sites/ethics.house.gov/files/documents/FDInstructionGuide_current.pdf https://ethics.house.gov/sites/ethics.house.gov/files/docume...
- MOARDONGZPLZ 2y agoYou’re right that 60 is the limit, but many people file them much sooner.
- 0cf8612b2e1e 2y agoThat layers on a lot of complexity onto the idea of “mimic Congress stock trades”. Now I have to decide if their hot tip hit or not. Was it a long term play? Does the committee decision get published in five weeks, so they wanted to move now? I am sure there is signal worth exploiting, but an index fund still seems the more appropriate strategy without significant development on how to follow their moves.