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.
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?
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.