Invest like a Congress member (Encore)

像国会议员一样投资(Encore)

The Indicator from Planet Money

商务

2024-12-30

9 分钟
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单集简介 ...

There are some new funds that track stock trading by members of Congress and their family. So we thought, why don't we get in on that? Today on the show, we crack open the Planet Money Investment Jar to learn more about how our political leaders play the market, investing in funds tracking Democratic and Republican stock trades. Whether Congressional stock trading should be limited is a hotly debated matter. So to test whether lawmakers are beating the market, Dartmouth College economist Bruce Sacerdote and his co-authors pitted lawmakers' stock picks against reindeer at a Christmas-styled theme park. Trust us for this ride! It'll all make sense with some intriguing results. This piece originally aired June 18, 2024. Related listening: Stock traders are trying to beat the market — by copying lawmakers WTF is a Bitcoin ETF?(Apple / Spotify) Planet Money's Toxic Asset Planet Money Summer School: Investing For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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单集文稿 ...

  • Hey, indicated listeners, Darrine woods here.

  • This week we are running our favourite episodes of the year.

  • Today's episode explores how Democratic and Republican members of Congress invest and whether they're any good at it.

  • We'll have a small update for you at the end.

  • Npr.

  • This is the indicator from Planet Money.

  • I'm Waylon Wong.

  • And I'm Darian Woods.

  • And we have NPR's congressional correspondent Deirdre Walsh with us today.

  • She's dialing in from the House of Representatives.

  • Hi, Deirdre.

  • Hey there, Deirdre.

  • The stock market is on a tear right now.

  • And you reported this story that caught our attention about a company that partnered with the financial firm Subversive to allow everyday people to invest like members of Congress.

  • Right.

  • So this was initially created by a trader who calls himself Unusual.

  • Whales love the name.

  • He has created two separate ETFs, exchange traded funds.

  • Right.

  • That are modeled on the trades by members of Congress.