Posted on 01/03/2024 11:14:12 AM PST by PghBaldy
Several establishment members of Congress were among the top lawmakers to successfully trade stocks in 2023, a report by Unusual Whales found Tuesday.
The findings raise concerns that many members of Congress trade stocks based on information unavailable to the public.
Some of the most notable establishment members to beat the market were:
Rep. Dan Crenshaw (R-TX) — up 38.2 percent Rep. Nancy Pelosi (D-CA) — up 65.5 percent Sen. Mitch McConnell (R-KY) — up 18.1 percent Rep. Dan Goldman (D-NY) — up 52.8 percent Rep. John Curtis (R-UT) — up 25.3 percent
(Excerpt) Read more at breitbart.com ...
F****** crooks. Every dollar they made is someone else’s dollar lost because stock trading is a zero sum gain game.
At some point you have enough money that you can tell the world to FYU, I am going to do the right thing here and enjoy my life. Apparently it’s an addiction - cf. McConnell
Goldman is the slime ball. Worse than Fang Fang’s boyfriend.
Congress critters should not be allowed to trade stocks
If you are the one writing the laws that pick winners and losers in the market, picking the winning stock investments ‘aint no big thing.’
I get 20% just in my retirement mutuals. So I would ignore the less than 20 percenters at the bottom. The rest look like they learned from Hillary’s cattle ventures.
Crenshaw is getting rich on defense stocks?
Mitch did worse than the S&P500, so it is dishonest of Breitbart to say he was one of the top traders... He was one of the worst!
“Rep. Brian Higgins (D-NY) — up 238.9 percent S&P Index was only up about 24 percent”
He only holds two stocks, one of which is Nvidia which is up over 230% in the last year.
“The findings raise concerns that many members of Congress trade stocks based on information unavailable to the public.”
Oh, get serious!!
These are PUBLIC SERVANTS!
“At some point you have enough money that you can tell the world to FYU”
Ehh, my plan is similar. But I see it as simply doing what some ppl have been advising me to do for my whole adult life. I am simply going to go F-Off! Everyday.
Wait themselves from trading and then unban themselves when no one was looking ,LOL
I’d be more interested in the dollar amount than the percentage.
Drinking again?
If I bought 100 shares of one stock and it tripled, I'd be up 300%. But maybe those 100 shares were bought for $10 and are now worth $30, so I only made $2,000.
In addition to the percentage gains of their portfolios, I'd like to know the total value of their portfolios.
That's where people like Pelosi and Cocaine Mitch may come out on top.
If you violate FR culture and read the details for the underlying report at https://unusualwhales.com/politics/article/congress-trading-report-2023, you'll see that their "estimating" is based on the 45 days (or longer) in delays from Congress critters disclosing their transactions. The exact timing of when the the congressman bought and sold is not known, so no exact stock prices at purchase and sale are known -- just estimates based on the range of the stock price within that 45 day window.
“Returns calculated by estimating current stocks held.
That’s an interesting approach.”
Kind of like how the FedGov wants to tax our unrealized investment profits. The FedGov will estimate how much they think you will be receiving at some point in the future and then base your tax on that amount.
I don’t recall the FedGov stating what happens if you sustain losses ... do you get your money back?
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