"When Congress members consistently outperform benchmarks like the S&P 500, it raises serious questions about fairness."
  • originalucifer
    107•17 hours ago

    duh. its codified, theyre allowed to legally perform insider trading by their own decree.

    • FlashMobOfOne
      27•15 hours ago

      Fun fact.

      As an investor, you can ride their insider-trading coattails legally by investing in the ETF’s NANC or KRUZ.

      • originalucifer
        37•15 hours ago

        isnt this the disgusting reminder that they also made it so no one can find out their trades until 30 days later… purposefully giving their self-made-legal insider trading illegal for regular people?

        • FlashMobOfOne
          19•15 hours ago

          NANC is up 53% over the last five years.

          KRUZ is up 27% over the last five years.

          Those aren’t Pelosi numbers, but pretty good. You could do a whole lot worse.

          • @NotMyOldRedditName@lemmy.world
            13•12 hours ago

            The S&P500 is up 75.38% in the past 5 years, so following Nancy via the ETF wasn’t anything special.

            We all know she did better than that 53% though…

            • @TexMexBazooka@lemm.ee
              1•2 hours ago

              As of time of posting it’s SPY is up 91.6% in 5 years

              But that’s not really a good comparison because the unusual whales funds are both new, started in 2023.

              NANC mostly matched SPY since its inception, +1% or so

              KRUZ actually under performed to date, with a 27% increased since inception as opposed to NANC’s 52%.

              • @NotMyOldRedditName@lemmy.world
                1•54 minutes ago

                I’m not sure what you’re looking at but its 80% today, and it really was 75% yesterday. I’m not the only one who posted as much.

                Maybe you’re looking at a CAD version that has FX as part of it?

    • @ExtremeDullard
      37•17 hours ago

      Perish the thought!

      I’m convinced members of congress consistently outperform the market because of their superior intelligence. After all, we elected them, so by definition they’re the best of us. Right?