Trade Like a (Congressional) Boss

New ETF's copy the trades from Republican (KRUZ) and Democrat (NANC) members of congress and their spouses.

https://moneywise.com/a/ch-msna/how-to-copy-politicians-trades?utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=25036&utm_content=msna_mon_25036

In reply to Driven5 :

I think congress members have 45 days to disclose their trades so these funds are going to have a lot of lag time.

STOCK Act

RX Reven' said:

In reply to Driven5 :

I think congress members have 45 days to disclose their trades.

Yeah, the money isn't made afterwards, it is having the inside line to buy (or dump) stocks before anyone else knows what is up.

slefain said:

RX Reven' said:

In reply to Driven5 :

I think congress members have 45 days to disclose their trades.

Yeah, the money isn't made afterwards, it is having the inside line to buy (or dump) stocks before anyone else knows what is up.

Besides, we're at 78 congress people and counting that have gotten caught violating the rules.

The fine is only $200 and it can be waived by an oversight committee.

The article mentions that while the typical delay was previously closer to 60 days, despite the 45 day 'requirement', but currently sits at about 30 days due to all of the attention being drawn to it. The real question is whether or not these ETF's will still out perform the market with the delay, even if by a lesser margin than the members of congress actually do. While the 'big news' focuses on the occasions they traded within days of an event, I would bet (but not much) that their typical timing tries to avoid being that flagrant.

Instagram has "politiciantradetracker", which does similar thing but explains the links between the trading politician and the companies they trade. Worth following, if only for the outrage.