What’s your opinion on members of both the House and Congress being allowed to trade freely within the stock market?
Do they know too much information?
Should there be restrictions placed on their investing abilities?
These questions have made a stir across all of the national media and have brought up the question on whether or not a Stock Act should be initiated? I want to hear your thoughts on this controversial topic.
Just a couple facts to top it off:
1. Members of Congress easily beat the markets last year by 10%+
2. Members of the House of Representatives beat the markets by 6%+
3. The average Hedge Fund’s return was only 3.5%.
I forgot though all Congress and House members have Economics and Finance Educations, right?
Nope only 6.7% of them do.
Something’s not right when these politicians are beating the likes of John Paulson, Bill Ackerman, Paul Tudor Jones, David Einhorn. Please give us your thoughts on the topic at hand and tune in tomorrow to hear ours!
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.