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Trading bot that buys stocks bought by politicians is up 20% since May 2022

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Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#61

Earlier quoted context omitted.

Maybe there is years of data available on that? If so, someone should do an analysis of how much politicians pocketed since then.

it is probably hard to do because the data is hard to obtain or analyze in the correct context

Also the bill that required the trades to be made public is only 11 years old.

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#62

It's hard to find a calculator/data source that takes dividends into account, but it looks like if you bought an S&P500 index fund in May 2022 you'd be up around 18% depending on which day you purchased. So not very dramatic IMO

A buying strategy that can compete with index funds is pretty interesting, isn't it?

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#63

It's hard to find a calculator/data source that takes dividends into account, but it looks like if you bought an S&P500 index fund in May 2022 you'd be up around 18% depending on which day you purchased. So not very dramatic IMO

The point is not if the politicians did better than they would have with another investing approach. It's a standard conflict of interest: the appearance of insider trading is corrosive because others see it and figure it's "how the game is played." So they need to do the same to keep up.

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#66

It's hard to find a calculator/data source that takes dividends into account, but it looks like if you bought an S&P500 index fund in May 2022 you'd be up around 18% depending on which day you purchased. So not very dramatic IMO

A buying strategy that can compete with index funds is pretty interesting, isn't it?

No

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#67

Earlier quoted context omitted.

Do blind trusts really work? I mean, with the amount of corruption, would it not be possible to get all info from the trust and give decisions, one way or the other?

I'm a big supporter of a forced liquidation, without tax penalties, of all positions upon winning federal election. That would of course dramatically limit the people who pursue public office to you know, only virtuous people who are willing to selflessly sacrifice themselves for the public good. Those people do exist, we've just configured our electoral system in every way to discourage such admirable behavior. It d…

> That would of course dramatically limit the people who pursue public office to you know, only

... people convinced that the graft in office would offset the loss of opportunity from investment gains.

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#68

This is my tweet, thanks for sharing! If anyone is interested, I built a dashboard that tracks the performance of individual congressional stock trades here: https://www.quiverquant.com/congresstrading/ It also allows you to search for trades by stock, instead of needing to parse through thousands of disclosure forms. I do want to mention one weakness of my data, which is that I don't currently parse hand-filed discl…

Pass it into chatgtp see what it comes up with.

Now that it’s multimodal you can pass it the photo and it will probably output whatever data you want.

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#69

It's hard to find a calculator/data source that takes dividends into account, but it looks like if you bought an S&P500 index fund in May 2022 you'd be up around 18% depending on which day you purchased. So not very dramatic IMO

The point is not if the politicians did better than they would have with another investing approach. It's a standard conflict of interest: the appearance of insider trading is corrosive because others see it and figure it's "how the game is played." So they need to do the same to keep up.

Are you saying they shouldn't be allowed to buy stock at all?

Because you could cherry-pick any period of time to highlight that they have outperformed the market.

Re: Trading bot that buys stocks bought by politicians is up 20% since May 2022

#70

This is my tweet, thanks for sharing! If anyone is interested, I built a dashboard that tracks the performance of individual congressional stock trades here: https://www.quiverquant.com/congresstrading/ It also allows you to search for trades by stock, instead of needing to parse through thousands of disclosure forms. I do want to mention one weakness of my data, which is that I don't currently parse hand-filed discl…

Where do you get the data?
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