What most people do not know is that Federal employees, particularly Congress critters, DO have a what amounts to a private retirement fund: it’s called the Thrift Savings Plan (TSP).
It allows employees to invest a portion of their income (paid by taxpayers!) into an account of their choosing, and at a level of risk, also at their choosing.
With all the info Congress critters have through insider
trading access, I bet their TSP account totals are in the hundreds of thousands.
I personally know one Postal worker whose TSP account earned $50,000 in just 7 years!
Would LOVE to ask Harry Reid, or Nancy Pelosi, how much they have in their TSP accounts!!!
Insider trading does no good for TSP accounts.
TSP only offers about 6 different options. The options are like mutual funds, but with very limited diversity.
Insider trading is useless because each fund has hundreds if not thousands of stocks in it.