Funny how he puts Pelosi first in the list despite her not being first alphabetically or by returns.
she is certainly the one with the most notoriety. off the top of your head, which party do the rest belong to? which state do they represent?
While it's not really great that any representative basically gets to do insider trading, it's frustrating that Pelosi gets most of the heat. It feels very targeted and people complaining about the issue often only complain about her and not the many many other representatives that do the same thing.
Shes is actually perfect for that. She outperformed in 2023, but underperformed in 2022. You would expect a Gaussian distribution around the mean. And if you include every congress member, you get a Gaussian distribution, shifted slightly to the left.
D, R, D, D, in case you were wondering.
Parasite, parasite, parasite, parasite, just to add some explanation.
Edit: An FBI agent contacted me and said that selecting 4 individuals out of 400 in one year is not a statistical anomaly. He also wanted me to tell you that Snowden might be affiliated with Russian government and spread the propaganda
He also wanted me to tell you that Snowden might be affiliated with Russian government and spread the propaganda
No...you mean the guy who stole state secrets and fled to Russia where he was welcomed with open arms might actually be a tool of the Russian propaganda machine to further divide Americans and destabilize our society?
That can't be. That's impossible.
For a broader view
SPY is S&P500 for those who don't know
2023
2022
Damn, Nancy, poor form in 2022.
Could be all R, could be all D. One thing for certain, they’re all scumbags, S.
Oh so now I can say "both sides?" I thought that was anathema around here.
I'm tired of us not criticizing the democrats for doing the same shit as the republicans because the republicans are worse. "Both sides" never meant both sides are equal, it means both sides are above the "shitty" threshold, even if varying degrees, and many of the problems are bipartisan, shit needs to change all around.
Brb, programming a bot to copy these ghouls' investments.
The latency is too much. By the time us plebs get the data, it's all accounted for
Right they do it before the laws are passed!
There's like a week or so delay in them having to report trades, by then you've missed the profit, drive there's up a little, and when they sell it drops the price because they have a bunch of shares.
A week later you find out they sold, maybe make a slight profit if your fast. Then you hear what they bought a week and go give them even more money.
Because all the extra money following them, them selling a company could domino into real world consequences at the company like layoffs.
The system is broken. We're past the point of "gaming" it for scraps. We need a better system or we're fucked.
People have already tried and failed doing exactly that. Because they aren’t required to report their trades when they’re making them; There’s a significant gap in reporting, so by the time the trade gets reported the stock has already increased/decreased like the congressperson expected.
For instance, let’s say [Generic Congressperson] sees a bill that will help a particular company. They know this bill is going to pass. So they buy stock in the company, vote for the bill, and the stock goes up. They then sell the stock. Three months later, those trades get reported. And now it’s too late, because the company’s stock has already been boosted. So buying now would just be buying after the boost.
This is quiet a bet. All congress members are distributed in a Gaussian distribution around the S&P 500. So copying everyone would just give you the same average. So you would have to pick the members, who outperform consistently. But this changes year over year. For example Pelosi outperformed in 2023, but underperformed in 2022.
And at that point you could just buy individual stocks – or even better: stick to a market neutral ETF.
just pick one that
outperformed every year, or
sits in the right comittees, or
is republican or
is most likely to be corrupt (e.g. gets the most corporate donations)and you can limit yourself to the stocks that are relevant to their positions.
Pretty sure there’s a website that tracks this stuff, job half done.
Wait. Mr Snowden is alive? For real?
In exile
On the run, and became a Russian citizen.
Roth IRA: Can only put in $6,000 per year by law.
A congressional representatives I can't remember the name of: Has over 2 million in Roth IRA.
Some law was broken at some point.
Peter Thiel also. As far as I know, he legally contributed to the IRA and then invested the money in his own businesses, which grew several thousand percent.
That's not necessarily the case. Wasn't it a big issue recently saying that high tech earners had been putting shares of startups into their Roth IRA then it was worth way more than intended later?
Backdoor Roth conversions + outsized gains like mentioned in the image would pretty easily explain that, which is all "perfectly legal"
In 2012, Mitt Romney had over $100 million in a Roth IRA.
The truth to this aside, the stock market hasn't ever been like it is over the past decade.
I kind of feel like I suck at trading, but over the past year I'm still up 40.5% by doing almost nothing but keeping mostly the same stocks I've had for the past few years. Buffet was able to do it through a ton of years where stocks didn't climb very quickly as a whole.
Exactly, getting a 20% return on average for years and years is what makes Warren Buffet one of the best Investors. Getting a good year can happen to anyone.
Also, huge gains while investing in 0.001% of a company is one thing. Maintaining those gains when the funds under your control represent major stakes in the companies you invest in, enough to get board seats and move prices by your transactions alone, is another thing entirely.
Man. I mean I know I'm pathetic in absolutely every way, but it hurts to read that. I have 2 ETFs (vanguard sp500 and emerging markets) and a us bond that I use as a secondary savings account and all they do is lose and occasionally stay flat...
I'm in on VanEck semi conductor etf and they're up 70% for the year :-/
Another etf called WUGI that deals with 5G relates stocks is up about 60%. Those are the two etf's I have the most in.
Bruh vanguards total market index is up 20% in the past 6 months. The person you're replying to is an outlier, don't try to beat the market you will almost certainly lose in the long run.
Pragmatic investing is not exciting or fun. Put your money in index funds and leave it there until you need it.
It's also harder to invest with the amount of funds that Berkshire Hathaway has. The slippage must be a difficult task to manage. Also, they have to make more than 20% because they have to payout the employees and guarantee growth for the investors.
I truly don't understand this getting spread over and over out to the public and your entire country isn't in uproar... Oh wait
Everyone in America knows that if you're making money in the stock market, it must simply be due to the fact that you are very smart. 🙃
Also, because the folks on this list are entrenched House Reps in permanently safe seats, there's very little to actually be done. I can't vote against Nancy Pelosi from Texas. You can't vote against Dan Meuser from Florida. So what is anyone actually supposed to do? Should I raid Dan Crenshaw's office because Donald Beyer cleaned up? Or should I book a flight to Philly to protest a Congressman I didn't know existed until today?
I also should note that there's a certain fudging of numbers here. Buffett has been in the investment game since the 1950s, but - with the exception of Pelosi - all these guys took office in the last 8 years. The NASDAQ market average over the last 8 years has seen a 20% growth average, with a number of years in which it has grown 40% in a single year. If you just showed up in Congress in 2019 and put all your money in The Magnificent Seven or the FAANG stocks (large, stable, popular blue chip firms) you could also outperform Warren Buffet. If you dumped all your money into an S&P Index Fund, you'd be performing comparably. If you just owned Berkshire Hathaway stock starting in 2019, you'd be outperforming Warren Buffet.
So much of the above isn't Congressmen beating the system, its records starting for a group of Congressmen who happened to take office during the biggest bull run in the market's history.
You will most likely be unsurprised to know that Wikipedia describes Dan Meuser as, "an American businessman, politician, and philanthropist serving as the U.S. representative for Pennsylvania's 9th congressional district since 2019." In that order. Businessman first.
Edit: Unrelated but sort of related- "In December 2020, Meuser joined over 120 Republican members of the House of Representatives in signing an amicus brief in support of a Texas lawsuit that sought to invalidate Pennsylvania's 2020 presidential election votes."
You fail to tie the knot that the reason they were elected in the first place is that they are smarter and better than us. It's only natural that they'd get all the best picks, you clod. /s
Oooooooh, what's their secret???
They read Investor's Business Daily and The Wall Street Journal every day.
Also insider trading, but mostly the first thing. Probably.
Is it considered insider trading to follow Congress critter trades?
Did Navalny bite him? Or did he bite Navalny?
Bad faith or just badly researched meme.
Anyone can make 100% return in a year or two in the stock market. Does that make them corrupt or better than Buffet? Or is it that you need to look at it over a 30 year period.
Fucking morons.
WTF happened in 1913 Islam has it written in their Koran that they cannot charge interest on money (usuary)
The Bible also say's that you can't charge interest on money to your own group (Heter Iska). Which is more closely aligned with the Koran and the Old Testament.
It's fairly easy to assume that when the blockchain tokenizes all assets both physical and intellectual we'll see public/private domestic/foreign globalism similar to the way "The Federal Reserve Act of 1913" put all the assets of America in the hands of the "private central bank," this model will expand with blockchain to a global "tokenization" central bank.
Same as before but larger.
