7 Replies to “And How Was Your Year?”

    1. Congressmen have the best brokers money can buy… Where can I get a broker like the ones US congressmen use? That sure would be swell!

  1. In the text:
    Of 100 trading members, 33% beat the SPY with their portfolios.
    Hence 67% didn’t.

    Do members of Congress practice insider trading? Probably

    I suspect that family members and friends do more trading with insider info. Joe Biden’s family comes to mind.

  2. Hummm…

    Looking at the graphic, my Mk.1 eyeball indicates that although the biggest troughing gain was blue, the next three were red and the rest a mixed bunch. All scummers of course, but pretty much all equally scum, plus or minus.

    IIRC The Donald was the first prez in a long while to leave office poorer than he entered. But then he wasn’t a party trougher.

    1. gareth

      I noticed that too.

      I’m also leery of graphs showing % returns. It would also be nice to know how much money they actually made.

      I also wonder how they got their money to invest.

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