Pelosi's Trades: https://housestockwatcher.com/summary_by_rep/Hon.%20Nancy%20...
everyone load up!
TikTokers Are Trading Stocks by Copying What Members of Congress Do
41–50 of 196 posts
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#42This 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.
It does work for now because so many people trade the day the information comes out.
Ive done it a few times, I get push notifications.
If large holders want to sell into expected liquidity and remove any edge, then that’s the expected result, it is not happening right now.
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#43https://www.cnbc.com/id/218.html
This reminds me of a study which showed that even if you bought the same stocks a month after Buffett and his holding company Berkshire Hathaway disclosed their own purchases, you'd still be way ahead of the game.
"The market ... appears to under-react to the news of a Berkshire stock investment since a hypothetical portfolio that mimics Berkshire's investments created the month after they are publicly disclosed earns positive abnormal returns of 14.26% per year."
But Buffett is a long term investor. I am not sure how long the Pelosis hold their stocks...
But yes, insider trades :(
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#44Earlier quoted context omitted.
So something you might find interesting there is a website out there https://senatestockwatcher.com/ that reports on the trades made by congress people and one of the things that was discovered is that many congress people have below or only slightly above returns on stock market trading. That being said as far as I know it is only trades they make so there may be ways around it but just an interesting point of data.
Is it legal for Members of Congress to pass tips on, to friends and relatives?
not legal but not easily detectable either
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#45Members of congress should not own or trade stock, full stop. I am so surprised that this is even legal, it gives an extremely unfair advantage to congress as they have inside info on military contracts, lawsuits and if govt. agencies initiate investigations into companies. You want to end corruption in politics(well make it less corrupt) then barring congress from owning and trading stocks and other related securiti…
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 wish we could easily pinpoint a handful of people who do this (or any kind of conflict of interest) and replace them. Unfortunately it is a systematic problem, and if you tell me x from congress does not do it I’d have a hard time believing it.
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#46There is fair bit of data available here about net worth of Congress members. While they all do way better than SP-500 in terms of higher net worth I believe only fraction of it comes from stock market. At any rate I will not waste my time tracking their investments.
https://ballotpedia.org/Changes_in_Net_Worth_of_U.S._Senator...
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#47Everybody made huge stock gains in the last year, it was hard work to fuck up in that market. It's not a hint for inside knowledge if you ask me and not a guarantee for future gains to follow another ones portfolio.
I sold AMZN at 2400 and didn't look at it for a while...
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#48Earlier quoted context omitted.
So something you might find interesting there is a website out there https://senatestockwatcher.com/ that reports on the trades made by congress people and one of the things that was discovered is that many congress people have below or only slightly above returns on stock market trading. That being said as far as I know it is only trades they make so there may be ways around it but just an interesting point of data.
Is it legal for Members of Congress to pass tips on, to friends and relatives?
The 2012 stock act supposedly stopped this
https://www.congressionalinstitute.org/2018/08/16/can-member...
Nancy Pelosi's (net worth $112m) recent financial activities with Emhoff make me very dubious about this.
https://fortune.com/2021/07/08/house-speaker-nancy-pelosi-hu...
etc etc
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#49Members of congress should not own or trade stock, full stop. I am so surprised that this is even legal, it gives an extremely unfair advantage to congress as they have inside info on military contracts, lawsuits and if govt. agencies initiate investigations into companies. You want to end corruption in politics(well make it less corrupt) then barring congress from owning and trading stocks and other related securiti…
It's more complicated than that. If you prohibit stock ownership, they will cheat with every other asset class. (Real estate deals are easy too). If you prohibit all asset classes, it means only poor people can run for office - so they give inside tips instead to their brother, son, or campaign donors while maintaining a laughable illusion of poverty.
It's a tougher problem than it appears to be.
Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do
#50Earlier quoted context omitted.
And by doing that, we're further enriching members of Congress. We should be taking a mass oath to sell any stock they buy. Then, of course, they'd only invest in potential opponents' corporations. It could turn into a real arms race.
We need to just pass a law already that forbids them from purchasing or owning individual stocks. After all, assuming they aren't trading on insider information, it would be to their own benefit anyway.
Yes, that's a better but less funny suggestion, and would be more practical if they didn't pass the laws.