How Politicians Beat the Stock Market Again and Again...
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- čas přidán 13. 06. 2024
- Nancy Pelosi has now made roughly double her salary in one single stock market trade she made in Nvidia late last year. Politicians are now beating the world's best investors and are consistently outperforming the S&P 500. And it all comes back to congressional stock trading. So how bad is it?
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★ ★ CONTENTS ★ ★
0:00 The Congressional Stock Trading Problem
1:50 Nancy Pelosi's Opinion
2:45 What's the Problem?
4:45 The STOCK Act
5:55 Conflicts of Interest
9:40 Using the Information to Our Advantage?
My Podcast: / theyounginvestorspodcast
Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide available from guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
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I'd be interested to hear your thoughts! Give me a yes or no - do you believe members of Congress should be able to trade stocks?
Hey mate! Did you stop making 13F filling videos? It was so helpful…
Obvious no
As an American, i say no. Not until they’ve been out of congress for some extended period of time.
No. But when they finally ban themselves from trading stocks, that is the top of the market. They had years to pass a ban, but they are delaying because they know it is still going higher. They will conveniently ban themselves near the top, citing “ethical” reasons in order to not spook the market when they all divest. The Federal Reserve did this already when the SP500 breached the 4.236 fib level back in Winter 2021. Now we are back above those levels. The end of the multi decade bull run is almost over and we are about to embark on a multi decade bear correction.
I think any congress person that has inside information about a certain bill that will influence companies they invest in would either need to recuse themselves from decision making, or sell before the discussion. Otherwise it is a conflict of interest. After a bill passes, they should be not allowed to trade in such a stock for some period of time -- maybe 5 years or something.
I worked for an accounting firm and due to independence rules I was prohibited from owning shares in any client of the firm. Not MY clients. ANY clients. How is this different from Congress owning shares (or options) in companies that they make the rules for?
Yes but you also do consulting as well
@@ericli2936 How do you know? he said he worked at an accounting firm not a consulting firm.
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If you don’t laugh, you’ll cry at how insane this is.
This is why they hate Trump. He already had money he earned from his own businesses, and Trump came in and said “I’m ending all the corruption”. This threatened their wealth
@@charlesg7926SO TRUE!
We’ve known for years congress was complicit in insider trading. No consequences.
Americans need to stop voting for career politician thieves.
They're all criminals.
With a known fraud running for presidency evidently the US public doesn’t care.
I cannot tolerate our Ruling Class - left and right. All criminals. I'm a physician and have to fill out endless forms if I go to a dumb pharma-sponsored dinner. This is due to potential conflicts of interest. I don't go to these dinners b/c I hate them anyways. But still, give me a break. If anything will be the end of our country it will be the complete lack of integrity/morality of our Ruling Class.
I remember exactly she bought an Nvidia call, also apple call options as well. It's good that you bring it back because as time goes by most people forgotten and these corrupt politicians keeping all these gain, and raging war just to keep themselves rich
Someone should really write a law to stop this... Oh wait...
Trump tried and the established politicians all attacked him
Legalized corruption
I keep telling both friends and family; Now is the perfect time to own a Tech Stock, With everything going on and seeing how the world is been run by AI and all Tech is here to stay and you don’t want to miss it
Honestly i feel right now e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
On my end I stopped listening and taking financial advise from these CZcamsrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was guidance from an expert who truly understood the market.
Interesting, I’ve actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?
My CFA 'Wendy Birkett' , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
thanks for putting this out, it has truly rekindled the fire to my goal..
It’s a free market. That made me laugh.
We don’t have a free market economy. The politicians, big corporations and central banks control the game.
“Rules for thee but not for me”
“It’s a big club, and you ain’t in it” - George Carlin
Congress shouldn't be able to buy or sell stocks. Maybe they should only be able to buy USA ETFs
they want that law to pass so they'll now have all kind of relative and associate doing it for them and they wont be in the spot light anymore.they will be able to scream and cry in pain when they get accused of profiting from the decision that they take as they will be fully respecting the law =)
As an American, thank you for doing this. I'm so sick of it.
This video is total bullshit all you had to do was buy all the big tech stocks when they crashed. That’s it if you had bought meta-at its dip, you would’ve seen a 500% gain last year
Good topic. I hope this goes viral. Politicians should stay out of stock market along with their close family.
They have inside information to make these trades, if I had the same information the SEC would be all over me, totally a double standard, but they made
the rules, the system is broken.
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before 1 turn 60, I would appreciate any advice on potential investments.
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Nancy is better than the best hedge fund managers. She’s in the wrong job!
Anyone who can influence the market and works for the government SHOULD NOT be able to be in the market more than just a general market ETF.
It's basically insider trading...
Martha Stewart did time for Insider Trading. Anyone involved in decision making should not have a vested interest in the companies they’re making policy on.
So when is she going to jail?
the master criminal trump will be in jail soon
No jail :)
She didn't break the law so I don't think she will. ...Still magatards in America will likely be chanting to hang her for it anyway. I think they should make a law though. Also let's remember the $2 Billion deal with the Ivanka and her husband did with the Saudis while Trump was president. I'm going to go look up a video about that. Pretty sure there's corruption there.
@@joejan246 yep never
The truth: insider trading and criminal activity.
I was banned from owning individual stock holdings for 5 years as whilst my wife was the EA to an MD at a boutique bank. It is ridiculous this level of compliance does not extend to the US Congress and Senate.
career politicians are in it for their own gains. they will never pass any laws preventing them from profiting
Dodgy stuff going on in US politics? You don’t say!
Thanks for putting this out and showing how much corruption in plain sight there is on both sides. It’s crazy how they get away with it… it’s embarrassing and shameful.
Allowing people in a position to affect the outcome of a stock to trade in that stock is truly vexing. The STOCK act did not go nearly far enough.
Politicians aka criminals doesn't matter which side greed gunks out
the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k
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Kleptocracy- rule by criminals
This is absolutely insane.... but I am not surprised... 🤮
Thank you for covering this😢
What's funny is she sold shares the past summer to show that she wasn't "trading on insider information", and then later double downed on the position leveraging options conveniently right before the massive pump.
1:31 LOL that Brian Higgins guy had returns so high it went off the chart
Meanwhile Brian Higgins absolutely crushing it. 🤯Thats my Congressman🤯
This is a good overview and a reason for Congressional term limits.
Love the detail and effort going into this topic! Great vid, I also like your videos that go into pros and cons of specific stocks/ economic sectors! Keep it up! ❤
Corruption!
great subject. keep it up.
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I have a friend who has to check to see if they are allowed to buy shares of ANY company because their spouse works for a major US bank. With rules this strict it boggles my mind why members of Congress are allowed to own shares in companies DIRECTLY and SIGNIFICANTLY affected by the decisions they make. Nancy's bullshit 'free economy' excuse doesn't stand here, everyone else doesn't seem to participate in the same 'free economy' that they do.
Thanks for sharing
This is a sad truth and its so insane to watch. The current state of the economy is unduly difficult for most people, but these ones could care less about the people that put them there. For me right now, inflation is catching up to my $210k portfolio, completely baffled after watching this. My biggest fear is life after retirement.
The government has let us down; just buy gold with it. Or hire/ work with a good market strategist. Youre safer that way
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Thanks a lot.
So fucked up
It's so obvious she's guilty as hell! She can't hide her embarrassment. She's stuttering.
Thanks 👍👍👍👍👍
the most valuable table in the world to sit at is nancies dinner table
I'd rather have my dignity
Great take on this.
Unfortunately, many Americans hear about politics and politicians and take a very polarized view, most of which is to switch off and ignore it. 😅
This was super insightful, really important to know
Most of them are corrupt. Leaders have often been so and will continue to be. Best to continue to grow as a person yourself.
We need to strip the federal government… it’s getting ridiculous
There are no ethics for these people
Nancy pelosi needs to be charged with insider trading!
Interesting topic. I can understand Pelosi's argument, however, there should be safeguards, penalties in place should a trade be directly related to a committee they serve under, and politicians should be prevented from voting if there is a conflict of interest. But, they should be free to trade outside that and shouldn't be disadvantaged by being a public servant. My opinion! Great work 🙂
lol Congressional Arbitrage. There should be a book about this lol
3:05 just imagine that, you cannot live with this salary a decent live in DC. They have to be corrupt!
The system is broken and we've known about it for years... No problem.
well done mate
Fantastic video, Brandon. As usual. I wonder about Your opinion of Aswath Damadoran’s latest valuation of Magnificent 7.
Atleast all of this has to be reported for the public to see
In many countries these go on in the dark, without any reporting
Beating the market! Someone should make a Congressional ETF (Ticker: USCON) 😂
Corruption and insider trading is a political perk.
You can't remove a Supreme Court judge taking payola from rich donors . Let's talk about ethics now 😂😂😂
The problem is the public truly doesn’t care about insider trading. They just deflect and point to other corruption.
they make their money at the expense of other americans and traders.
Excellent video!
Go into Government work ( Congress, State Reps etc ) you and your family investments MUST go into blind trusts. NO exceptions. Anyone in higher government has access to too much information not available to the general public.
Jack Schwager should interview them and make a new book about MARKET WIZARDS. Haha
She’s the definition of a limousine liberal
They should all be questioned about this constantly...
Standards/expectations around politicians participating in the sharemarket seem to be stricter in Australia.
On the other hand, real estate investing by politicians in Australia seems to be more accepted. Many politicians from both sides have declared large real estate holdings.
WTF make them declare these buys same day in public to make them stop cheating without making it shamefull to buy befor a big decision....
This has nothing do with free market capitalism, this is #corporatism
A Bull market is easier to beat because flashy stocks do well in bull markets
Look into Paul Pelosi's deals. Buying land that was part of a bill, then giving it to a friend, who gave it to another friend. Then getting the contract to sell 3 post office buildings.
We should get real time feeds to their purchases
Lobbying is 10x worse than insider trading. Love the in-depth look at our decision makers here.
For the last option trade, it was simply a smart and gutsy trader, there is no proprietary information.
It's a form of 'insider trading' that should not be allowed.
They are all in the know ....insider trading is rife
Good video, too many people forget the self interest/political agendas when it comes to stocks, certain businesses being viewed favourably/negatively with news in the media etc. It often clouds the underlying fundamentals of certain businesses as to whether they should be worth that much, and also influences stances/ideas towards the economy. E.g. false narratives to achieve political security goals, slamming certain businesses as it is a conflict of interest as mentioned to government regulation etc, and many other things. But a good counter argument to all of this, is being in such a position, you have access to a wealth of wealthy individuals, highly accurate news, and a large body of information to work with. If anything they would be much well better informed about certain things than the general public, hence would be in a much greater position to make better decisions with certain things. But I somewhat agree it should be banned, can be abused. People should be in congress to be a public servant. Not to make money or simply have power. That in itself, valuing personal, money over sound policy to prevent corruption says it all about their motivations. It is not serve but to gain.
Inside trading and market manipulation long way… they don’t get any repercussions though
It's insider trading and requires a long prison sentence
Dodgy politicians dodgy stuff 🤨
They should only have their salary as a top up if their gains are insufficient. Nobody should take a loan packed by shares of a company for which they hold influence on share price. Any portfolio of someone in office or their immediate family should be made public live. Profit all you want when you're in power fine, but don't profit more than the people that you govern. The alternative is do just have a pension plan for everyone in government just like a normal working person. There is nothing wrong with participating in the stock market but if you have access to information or influence not available to the public then that is absolutely a conflict and any gains should be given back to their riding. They have the salaries to set themselves up for retirement completely on their own with a normal market index fund. There is just no reason other than greed for being able to pick stocks.
I am trying to copy the politicians trades using autopilot apps however I am based in the UK so I can’t! Can anybody help?
I suggest one solution, as soon as they trade anything, it shouldbe mandatory to report it public it the same day of making the trade sell or buy
Yeah the 13f fillings are how many months delayed?
@@fitbh703 just for politicians, not for the businessmen or investors who are not in politics. I think the filings are within 45 of the quarter ended.
You convinced me to say No 😛,
Yet lobbing Money is much more dirty.
i made a lot of money on nvidia thanks to nancy. forgot if she bought calls on arm though, i missed out on that.
Interestingly, Warren Buffet’s father was a stockbroker before becoming a member of Congress.
Not alleging anything inappropriate by Buffet or his father, just an observation.
Damm some much facts getting stated 😮💨😮💨
So gross
Its all a casino, 20 minute delayed stock prices for the plebs, 45 days reporting instead of Realtime which is possible these days.
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Estoy en problemas now
Best investors don't beat the market.
Something is up.
Simple solution is a member of Congress should not be able to vote on anything that is specific to a company they or their spouse own. But owning as a company in an etf it index shouldnt prohibit thrm from voting
It is simply a form of insider trading.
Why is this topic talked about with so much debate and nuance? It’s simple, congress officials know the news before it’s released. It’s the definition of insider trading, therefore not ethical. NEXT!
Ummmm. Corruption
The STOCK act huh. Imagine if they put the amount of effort into running the country as they put into coming up with these acronyms
A side note. i'd love to heara how waren buffett is getting on since charies' passing.
Hopefully we hear from him soon! I'll let you know if I see anything. :)