Originally published at: Trading Bot Tracks Politicians Buys and Sells for 20% Return
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Until the STOCK act of 2012 that form of insider trading was basically legal. Disappointing but not at all surprising to see that the law hasn’t ended that practice.
Makes sense. It’s a good way to profit from insider trading without actually committing insider trading crimes yourself.
Edit: Quiver Quant is $20/month or $200/year at the hobbyist level, with a 30 day free trial. I’m retiring shortly and will be able to trade stocks again, so I’m considering it.
Someone in the fund management industry needs to set up a new investment fund based on this.
I would be interested in hearing your rate of return and investment choices; I may also consider this in the New Year.
I wonder what’s the intersection - if any - between what Congress is buying, and what one would find in an ESG index. (Maybe there’s an ETF for that?)
Probably an inverse correlation.
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