> There's a middle ground somewhere in there I'm sure
The parent commenter pointed out the middle ground:
> I think only allowing congress members to buy and sell index funds is fine.
The parent commenter pointed out the middle ground:
> I think only allowing congress members to buy and sell index funds is fine.
They’re the smarter place for people to put their money but I wouldn’t consider them a comparable product.
If congress has to bet on the overall economy instead of e.g. spotting that riot gear providers goes up when country goes down, that would be a good thing?
Additionally, your description of how people purchase and make money on indexes funds is incomplete at best. Really, it's just factually incorrect in that it presumes a certain purchase strategy. People do short-term, dopamine-inducing trades of index funds all the time.
But, I don't think elected representatives should be able to do that, either. At the very least, successful short term trading - directly or through an advisor, of an individual security or a fund - creates the appearance of impropriety.