Here is how to beat the stock market by following the best insider traders in the business. Congressmen!
OK so congressmen and women get access to briefings on all kinds of developments in the world that you, or I or the markets are not yet privy to.
This is called “insider knowledge” and it’s normally illegal to make stock trades based off of this information.
If you were a CEO who was about to release a terrible quarterly investor report, you would not be allowed to sell of your stock, that’s insider trading…
But politicians in the US are not subject to these rules, which is why many notable figures sold off their portfolios before anybody else realized how bad Covid would get.
The thing is though, they have to disclose their trades publicly, which means people can just copy them.
This strategy has actually proven successful for a lot of trader, but fortunately it looks like regulation might finally be catching up with this special little privilege.
#Shorts
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