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I run the numbers every couple of years and I’ve never had a year that shows individual Congress people are particularly better at trading than an index over th
by kasey_junk 1y ago
I run the numbers every couple of years and I’ve never had a year that shows individual Congress people are particularly better at trading than an index over the course of their terms.
The fact is, the vast majority of Congress people _own index funds_ or similar portfolio construction.
When there are outliers they regress after a few years. The last time I ran the numbers the the majority of the outliers just got into Nvidia a little early. They mostly had tech heavy portfolio construction.
The big outliers were people like Pelosi who were married to wealthy spouses who were doing exotic trading, but several of them did poorly as well.
The fact is, Congress people have more scrutiny on their trades than the average person and more downsides.
We should restrict trading by Congress people because of the image of impropriety not because it’s actually common to make a bunch of money doing it.