Members of Congress again outperformed the stock market, report shows
https://fortune.com/2025/01/08/congress-stock-trading-pelosi-2024/Open linkView original on lemmy.worldSyndicated from the fediverse. Read and engage on the original instance.
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43 replies
duh. its codified, theyre allowed to legally perform insider trading by their own decree.
Perish the thought!
I'm convinced members of congress consistently outperform the market because of their superior intelligence. After all, we elected them, so by definition they're the best of us. Right?
Nice, your sarcasm is so acidic it is almost eating away my phone screen
Weird, on my end, it's eating my fucking soul.
Fun fact.
As an investor, you can ride their insider-trading coattails legally by investing in the ETF's NANC or KRUZ.
isnt this the disgusting reminder that they also made it so no one can find out their trades until 30 days later.. purposefully giving their self-made-legal insider trading illegal for regular people?
NANC is up 53% over the last five years.
KRUZ is up 27% over the last five years.
Those aren't Pelosi numbers, but pretty good. You could do a whole lot worse.
The S&P500 is up 75.38% in the past 5 years, so following Nancy via the ETF wasn't anything special.
We all know she did better than that 53% though..
As of time of posting it SPY is up 91.6% in 5 years
But that’s not really a good comparison because the unusual whales funds are both new, started in 2023.
NANC mostly matched SPY since its inception, +1% or so
KRUZ actually under performed to date, with a 27% increased since inception as opposed to NANC’s 52%.
I'm not sure what you're looking at but its 80% today, and it really was 75% yesterday. I'm not the only one who posted as much.
Maybe you're looking at a CAD version that has FX as part of it?
NANC in particular matches SPY pretty closely, but with no dividend
KRUZ under performs
NANC and KRUZ are both only two years old…
We should riot
Lead the way...
So many more comments calling for revolution, riots, and assassinations than there are in actuality.
Easier to talk big talk I guess.
Oh yes by all means. Occupy Wall Street worked so well.
Occupy wallstreet was a peaceful protest, which started to work, so the media shut it down.
These L.A. wildfires are either approaching or have already hit rich people neighborhoods, and aren't expected to stop anytime soon.
It wouldn't surprise me if these fires started with the idea of burning the elite in mind. I'm not saying that's the case, but if it is......damn. Last I heard these fires already did like 3 billion in damage. If they hit the mansions it'll probably trillions.
Rioting? In this economy?
Won't ever happen. Americans are complacent fools. They'll starve themselves for years if you promise them bread tomorrow.
And once again Pelosi is highlighted despite many Republicans outperforming her in the market.
She hasn't been Speaker of the House for 2 years.
She's consistently a top trader and personally derailed efforts to ban stock trading. I think she deserves the heat.
Other Republicans are consistently ahead of her. They also voted against banning Congressional insider trading.
Yet it's only Pelosi.
She was the minority/majority leader. She didn't just vote against it, she organized toothless counter proposals to defuse momentum. She's more responsible than any of those other (also terrible) Republicans.
Abso-fucking-lutely.
I'm an equal opportunity rule enforcer. Throw them all in federal prison.
I mean, we should just set up a big pitt. Like in that movie 300.
Wow, crazy that members of congress are on average better than most investors, maybe they should change careers!
No.. Seriously.. Please change careers...
They're capitalists, in that they capitalize on their insider knowledge and send others to jail for doing the same thing.
It's not insider knowledge when politicians do it since they're not insiders of the company with more knowledge about the company than other people. They just happen to control the political environment and the contracts they get 🙃
SEC for thee, but not for me.
Makes me want to turn to a life of crime.
Problem is, unless you're rich and powerful crimes tend to have consequences - they only "just let you do it" when your account balance already has a certain number of digits...
Yeah but you have to have a lot of money to get elected.
FeloniousPunk for Congress.
I pledge a chicken in every mosh pit
NANC
KRUZ
Two of the safest investments you can make
Thanks for the tip. I just checked them out.
Didn't know what these represented till i googled them😂
I got a kick out of it when I found em
Why are they allowed to play the stock market? Is it not a conflict of interests? Edit: Typo
"Keeping the Rich rich and the Poor poor since forever."
They're incredibly smart people. That's why they're in office. It's only natural that their smarts would cascade over to markets. Nothing to see here. /s
Surprised Pikachu face