I really wish I could look up my representative and see their trades.
Now, I understand that this might require a lot more data than you have access to. But, to be honest, that was the first thing I was going to do.
Show HN: See the stock trades your representative is making
11–20 of 31 posts
Re: Show HN: See the stock trades your representative is making
#12Note, this data is delayed by up to 45 days
Re: Show HN: See the stock trades your representative is making
#13Well this is fascinating. Thanks for making it. The SEC probably already does this kind of analysis but it makes me wonder if you could look at historical data to see which trades represented the highest gains or most relevant timing. From there you could to try to identify which congresspeople engage in the most insider trading.
I’m skeptical the SEC is doing this kind of analysis. It would first require Congress itself to tell the SEC to police Congress and I’m skeptical Members if Congress would want that.
Re: Show HN: See the stock trades your representative is making
#14blank page over here
Re: Show HN: See the stock trades your representative is making
#15Well this is fascinating. Thanks for making it. The SEC probably already does this kind of analysis but it makes me wonder if you could look at historical data to see which trades represented the highest gains or most relevant timing. From there you could to try to identify which congresspeople engage in the most insider trading.
What's funny...
You can be an entry-level Investment Banker in New York. Yeah you make good money but you're still a nobody worker drone. You are restricted to basically some ETFs if you're lucky.
But if you can be an extremely influential politician, and you can do literally anything (including options trading) so long you declare it. Then your declaration doesn't even become public for months!
I don't think restricting trading is really the answer. Just set term limits.
Re: Show HN: See the stock trades your representative is making
#16Now I want to know if there's an ETF that tracks transactions by senators.
By the time their trade is disclosed, the inside information it's based on is probably public.
Re: Show HN: See the stock trades your representative is making
#17Do you think you'll setup a way to cross reference tickers between the two? E.g. what stocks are most traded by Congress but not the House, which are traded most frequently by both, etc.
>most traded by Congress but not the House,
That's a strange way of saying the Senate. I get the desire for a simple cross report without having to run the same report from either site. I think your typing fingers got ahead of the full thought.
Re: Show HN: See the stock trades your representative is making
#18So, apparently, on average senators do not beat the market as would be expected if this was rampant. So maybe they're not using insider information too much. Either that or, even given their privileged information, they still cannot turn that information into good trades.
I imagine it's more of the latter than the former. Stocks rarely follow rationality in the short term.
A study that talks more in depth about this was made last year: https://www.dartmouth.edu/press-releases/senators-stock-pick...
Re: Show HN: See the stock trades your representative is making
#19Related from a year ago:
Senate Stock Watcher - https://news.ycombinator.com/item?id=22834524 - April 2020 (239 comments)
Re: Show HN: See the stock trades your representative is making
#20The page render as a white page with no content
I use is the latest Firefox