TikTokers Are Trading Stocks by Copying What Members of Congress Do

This is unlikely to work because of the timing delay. Suppose a member of Congress has access to inside information and trades on it. They have 45 days to disclose the trade. By the time the trade is disclosed, the market has already moved: if Pelosi or McConnell or whoever bought low so they could sell high, a month later the increase is probably already baked in.

> "I'm at the point where if you can't beat them, join them," Josephs told NPR

I simultaneously love and hate that statement.

The easy solution here is to just vote her out of office as she's (Pelosi) obviously corrupt, put the partisan nature of American politics makes that very difficult.

I love that this links to text.npr.org. Another text-only news site is lite.cnn.com.

Politicians, even with insider knowledge seem to be wrong pretty often too though. So I'm not sure it's necessarily a smart move.

Look at Rand Paul's purchase of Gilead, the makers of Remdesivir (anti-viral used to treat covid) all the way back in early Feb 2020. Despite purchasing it based on his early briefings for covid on the health and human services committee, before a pandemic was declared and only 1 day before Gilead started clinical trials for Remdesivir for covid, he is still underwater in that stock.

Even spending the last year and a half trying to convince the public that shutdowns are unnecessary and masks and mask mandates are useless and even fear mongering about the vaccine, he still hasn't changed the tide for that stock.

Not that you could have copied his trade anyway. He conveniently forgot to submit the report within the 45 day window and didn't report it until last month, 16 months later.