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TikTokers Are Trading Stocks by Copying What Members of Congress Do

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Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#151

Post by Ekaros »

jasonwatkinspdx wrote: post #119
qwertyuiop_ wrote: post #114

Earlier quoted context omitted.

He has magical superpowers and just happens to be the husband of a policy maker that drives trillions in government spending.

Roughly 9 out of 10 hedge funds fail to beat the market or simple passive strategies indexed to it. I'm no fan of Pelosi personally, but observing her husbands performance isn't smoking gun evidence, it's just banal. Also, consider that a lot of what hedge funds offer is bespoke risk profiles to high net wealth individuals that are overexposed to particular market sectors.

I think this has probably been one of the worst times to compared hedge fund performance to other strategies. Let's see if the corrections happen for real and then calculate those returns. After all market was or is at all time high.

Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#152

Post by ipaddr »

lostcolony wrote: post #140
emkoemko wrote: post #131

Earlier quoted context omitted.

how about people in these positions shouldn't be trading... if i was in power i would think people would assume i am corrupt if i did trade.

I mean, I'd be all for politicians having to put any investment money into blind trusts, sure. But that's different than saying they're insider trading.

They have insiders knowledge and they are trading on that. It is legal insider trading.

Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#153

Post by sydthrowaway »

nradov wrote: post #97
not2b wrote: post #21

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.

When stocks only go up, every trading strategy appears to work. Let's see what happens during the next sustained bear market.

What would be a good strategy for the upcoming bear market?

Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#154

Post by throwawayswede »

cronix wrote: post #93
DevKoala wrote: post #86

Earlier quoted context omitted.

Ehh, Nancy Pelosi beats most hedge fund managers consistently year over year. https://unusualwhales.com/i_am_the_senate/pelosi

* Nancy Pelosi's husband, Paul Not saying she didn't give him info, but she didn't do the actual trades. He's an investment manager. > Paul Pelosi, investment manager and the husband of House Speaker Nancy Pelosi, purchased up to $11 million worth of mega-cap tech stocks in May and June, according to a financial disclosure form filed last week. https://markets.businessinsider.com/news/stocks/nancy-pelosi...

As a non-American, how is this legal? I was under the impression that financial trading is highly regulated in the US.

I mean the possibility of her not giving insider info to her husband is very slim to none imo.

Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#156

Post by m0zg »

throwawayswede wrote: post #154
cronix wrote: post #93

Earlier quoted context omitted.

* Nancy Pelosi's husband, Paul Not saying she didn't give him info, but she didn't do the actual trades. He's an investment manager. > Paul Pelosi, investment manager and the husband of House Speaker Nancy Pelosi, purchased up to $11 million worth of mega-cap tech stocks in May and June, according to a financial disclosure form filed last week. https://markets.businessinsider.com/news/stocks/nancy-pelosi...

As a non-American, how is this legal? I was under the impression that financial trading is highly regulated in the US. I mean the possibility of her not giving insider info to her husband is very slim to none imo.

Rhetorical question to be sure. Guess who controls what's "legal".

Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#157

Post by ipaddr »

codyswann wrote: post #113
noxer wrote: post #87

Earlier quoted context omitted.

Thats just a "legal scam" and you know because if they would actually be successful trading they would not bother selling newsletters.

It is a scam and the same scam happens with sports betting, but it's a bit more nuanced than that. Trader A buys a 50,000 person email list. Sends 25,000 an alert that XYZ is going through the roof Sends 25,000 an alert that XYZ is going through the floor If XYZ stays flat, he repeats the process a bit later. Whichever side loses is eliminated. He repeats the process with 12,500 on each side of the position (more bec…

Perhaps this made sense when you had to physically mail this.

With each round he loses half. Wouldn't it be better to just send all 50,000? Some of the 25,000 who were sent the wrong pick might have misunderstood, did not read it the first time around, would purchase because of brand awareness. With the cost of delivery the same you would be foolish to overlook this.

Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#158

Post by classified »

sydthrowaway wrote: post #153
nradov wrote: post #97

Earlier quoted context omitted.

When stocks only go up, every trading strategy appears to work. Let's see what happens during the next sustained bear market.

What would be a good strategy for the upcoming bear market?

Don't invest in losers.

Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#159

Post by eurasiantiger »

mieses wrote: post #146
kbenson wrote: post #138

Earlier quoted context omitted.

Maybe. Or maybe by nature of his relationship he gets approached more for interesting opportunities? Is Dr Dre an amazing talent scout, or was he out and about and by nature of his own fame approached by artists such that he could pick the obvious good opportunitie? Or maybe both apply? Perhaps having money, power or fame is an attractor of opportunities all on its own. It doesn't have to be that, but "better than av…

He would also be approached more often with poor investing opportunities.

Much more, in fact, considering the level of scam spam any retail investor receives.

Re: TikTokers Are Trading Stocks by Copying What Members of Congress Do

#160

Post by nopzor »

dr_dshiv wrote: post #72

What percentage of total federal expenses should go towards the salaries of the people running the federal government? How much is it now? There are 535 members of Congress and they each get about $200k. That means we are paying $107 million to run a government of ~$7.3 trillion. In other words, about 1 thousandth of a percent of government costs goes to pay for the people doing the governing. It just seems like mayb…

don't know why you're being downvoted. i agree with you. you want the best possible people wanting to do this job, without having to sacrifice their compensation relative to the private sector. i think this works well for singapore.
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