Comment by FirmwareBurner
4 days ago
It is. Some members of congress somehow magically end up buying tech stocks right before they go to the moon or selling them right before tariffs hit.
It's as if they have some insider knowledge or something, and also a lot of skin in the game to protect these monopolies.
You can buy the Pelosi ETF (NANC) and enjoy the same upside!
I just read the prospectus investment strategy, and it looks like it trails the trades by up to 30-45 days? Seems like the majority of that upside might be gone by then, no? They explicitly list that in Reporting Delay Risk.
Also I didn't see any info on whether the fund manager can beat hft et al to the punch once disclosure happens.
It would interesting to know how it performs relative to other index funds even with the delay risk. A few people have been saying Nancy is getting better returns than Warren Buffet
https://x.com/HawleyMO/status/1919738880204345581
2 replies →
…and enjoy the same upside!
No, you won’t. That ETF is a trailing indicator, and it’s trailing so far back it won’t even show up in the rearview mirror.
That, and if you load a comparison chart with .SPX, they look almost identical. No upside, and greater risk.
Thank you for an honest comment in a world of so much grift.
Too bad the MER is so high at 0.74%.