Developer creates bot to mimic stock trading by US politicians: portfolio up 25% | Hacker News Reader

Developer creates bot to mimic stock trading by US politicians: portfolio up 25%

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49 pointsdavidbarker21 comments

The data only goes back a year. No description of the methodology. Not very conniving if the goal is to prove corruption.

It's not convincing either.

Yeah, it's a bull market. I don't know shit about shit and my portfolio is up like 50% since Covid.

The broad market is down 15% (S&P500) and 30% (Nasdaq) past six months.

Anyone know where we can get the data from if we want to have a play ourselves?

Oh you beat the market?

So do cats [1]

This just proves "the market" are not the experts they charge you to believe they are.

[1]: https://www.forbes.com/sites/frederickallen/2013/01/15/cat-b...

I'm grabbing some popcorn for this show. It should be a good one. It should also tweet the trades so others could follow.

The data isn't live. And this analysis isn't new. Redditor just made a cute graph.

Maybe, but it's fun. Their trades are supposed to part of the public record, so yeah, it's available. However, it's a lot easier to follow when it's a tweet vs combing the public records of the US Govt

How does one view the portfolio of a politician?

As far as I know, they're required to report their investments on a periodic basis (quarterly? I can't remember), so anybody trying to capture time-sensitive inside information would frequently miss the boat.

They also have to plan these things out ahead of time. They aren't making day by day decisions. Politicians and inside trading is not the problem people make it out to be.

Sneaky trading by politicians is one of those "below the water" problems that is easy to talk down but it is insidious.

“They also have to plan these things out ahead of time. They aren't making day by day decisions.”

This is not true.

How are you so sure it's not an existing issue. Have you heard of the Pelosi ETF?

https://www.investmentnews.com/pelosis-portfolio-performance...

https://www.nasdaq.com/articles/nancy-pelosi-etf-is-here

What I really want is an index across all of congress and the senate.

One that can buy into their non-public companies too

Because congresspeople making a few million on the side is nothing compared to billions and trillions spent blowing things up and world banks defrauding the public.

Fuckin peanuts. Really don't care.

Not a good reason to not care.

> congresspeople making a few million on the side

> billions and trillions spent blowing things up

These two things are not unrelated. Congresspeople having financial stakes in defense companies (Raytheon/Honeywell/Lockheed Martin/etc) while also making policy decisions that directly impact their bottom line (go to war/manufacture this equipment/send military aid) introduces a clear conflict of interest.

A more interesting question: what’s the correlation between upcoming legislation and the stocks traded?

Gee, that seems fair.

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