Seriously, why can't we just have an index fund for this? Why can't we just have a hedge fund that promises to inverse the trades of Cramer, or just carbon copy Nancy's trades?
Someone did and shut it down after a year saying too few people are investing in it and it also costs because someone still has to make the decisions on what inverse of Cramer means.
Can someone please explain to me how (if at all) these tracking tools can be used for our personal portfolios? From what I understand, Congress has to report their trades, but not immediately. Meaning even if you followed their trades, you're always something like three weeks behind the market.
There is potentially false economy in this depending on how heavily they are leveraged. Those high returns certainly look good, but they might be obtained by investing in derivatives that open you up to more risk - the kind that turns a survivable crash into an excuse to take up basejumping.
The Pelosis do use options, something your average investor wouldn't touch unless they 1) are a degenerate gambler, or 2) have reliable information of future market events.
I don't use Robinhood but it supposedly integrates with it. Might make an account and put some play money in it while i keep using my traditional account.
Inverse Kramer having a +43% return is something else
Seriously, why can't we just have an index fund for this? Why can't we just have a hedge fund that promises to inverse the trades of Cramer, or just carbon copy Nancy's trades?
https://markets.businessinsider.com/news/etf/etf-named-after-nancy-pelosi-tracking-congressional-democrats-stock-trades-surpasses-s-p-500-with-tech-triumph-1033116562?op=1
Nice
Someone did and shut it down after a year saying too few people are investing in it and it also costs because someone still has to make the decisions on what inverse of Cramer means.
When we allow our elected officials to get 99% of their income from corruption or securities fraud then we’re not a serious democracy
"A Republic, if you can keep it."
Can someone please explain to me how (if at all) these tracking tools can be used for our personal portfolios? From what I understand, Congress has to report their trades, but not immediately. Meaning even if you followed their trades, you're always something like three weeks behind the market.
How does this work?
I believe the pelosi tracker already accounts for that. She actually is closer to 70%.
There is potentially false economy in this depending on how heavily they are leveraged. Those high returns certainly look good, but they might be obtained by investing in derivatives that open you up to more risk - the kind that turns a survivable crash into an excuse to take up basejumping.
The Pelosis do use options, something your average investor wouldn't touch unless they 1) are a degenerate gambler, or 2) have reliable information of future market events.
And just in case anyone here doesn't know, members of Congress are EXEMPT from insider trading laws.
They're also exempt from Obamacare. In fact, they're exempt from all the shit they impose on the rest of us.
This is the kind of stuff we should be throwing Tea Parties over.
The Boston Tea Party was over a 1% tax.
That generation would impart a worse punishment on us if they knew that we'd willingly give away 1/3rd of hard-earned Monopoly money.
I did not even know Autopilot was a thing!
https://t.co/utx1v46Ykp
Something to try for the new year. If the fees aren't too high this sounds perfect for lazy/bad investors like me.
I looked into it too. $99 per year sub.
I don't use Robinhood but it supposedly integrates with it. Might make an account and put some play money in it while i keep using my traditional account.