The NPR Politics Podcast Trading Stock, Congressional Style
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Jul 4, 2024 Explore the intriguing world of congressional stock trading, where lawmakers' investment strategies become public fodder. Discover how political affiliations influence market performance and the ethical dilemmas that arise. The hosts experiment with replicating congressional trades, sparking debates on insider knowledge versus random strategies. Uncover a quirky study comparing elite traders to reindeer in their stock selections, shedding light on herding behaviors. Delve into the proposed regulations aimed at curtailing individual stock trades by politicians.
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Investing Like Congress
- Deirdre Walsh discussed a company partnering with Subversive, allowing people to invest like members of Congress.
- Two ETFs, Nance (Democrats) and Cruz (Republicans), mirror lawmakers' trades.
The Coin Flip
- Planet Money hosts Waylon Wong and Darian Woods decided to invest in the Nance and Cruz ETFs.
- A coin flip determined Wong invests in Cruz and Woods in Nance.
Portfolio Differences
- The Cruz ETF heavily invests in oil and gas (11%), while Nance has less than 1% in that sector.
- Nance shows higher investment in software compared to Cruz.