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Who Makes Money in the Market? Politicians Do and Here's the Proof
Crony capitalism at it greediest. People in congress with access not available to investors make out in the markets. Regulations, tax codes and taxpayer $$$ impact profits and share prices.
A portfolio of $100,000 getting average stock market returns of 11 percent over a 17 year period would have grown to $589,000. If you were a member of the United States House of Representatives, though, enjoying the advantage that inside government information can bring you, your portfolio would have reached $1,573,000, according to an investment calculation I did using the finding from the study.
Assuming only average market returns for the next 20 years, a Representative would grow their portfolio to close to $13 million.
Under the same circumstances US Senator would have grown the portfolio to $18 million.
The conclusion of the study favors some sort of reporting mechanism similar to those imposed upon corporate insiders.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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Re: Who Makes Money in the Market? Politicians Do and Here's the Proof
Quote:
Originally Posted by patsfan13
Crony capitalism at it greediest. People in congress with access not available to investors make out in the markets. Regulations, tax codes and taxpayer $$$ impact profits and share prices.
Re: Who Makes Money in the Market? Politicians Do and Here's the Proof
There needs to be far greater transparency with regard to the finances all politicians, at both the state and federal levels. In fact, I think that should be true for officers and board members of corporations as well, where corruption is even more rampant than in state houses.
Re: Who Makes Money in the Market? Politicians Do and Here's the Proof
Kinda explains why politicians at the highest levels are willing to spend a fortune and drag their families through the pig sty that is the cable news machine. I'm betting the spouse and the kids are all for it considering the rewards at the end.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Re: Who Makes Money in the Market? Politicians Do and Here's the Proof
Quote:
Originally Posted by patsfan13
Of course this is a problem spanning BOTH parties. But some people are incapable of seeing beyond blind partisanship. Pathetic as usual.
Seriously PF13, only a fool sees every issue as right or left AND view their side as the side of righteousness...not that I'm referring to anyone in particular.
Re: Who Makes Money in the Market? Politicians Do and Here's the Proof
Quote:
Originally Posted by wistahpatsfan
Kinda explains why politicians at the highest levels are willing to spend a fortune and drag their families through the pig sty that is the cable news machine. I'm betting the spouse and the kids are all for it considering the rewards at the end.
Some people find power as intoxicating as $$$$. I think it was Limbaugh that said politics is Hollywood for ugly people, a bit of truth there egos and all.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Re: Who Makes Money in the Market? Politicians Do and Here's the Proof
Are you people serious?
Is it really such a shock that people smart enough to get themselves elected to high public office are a whopping 6.6% better at investing in the stock market than the average investor?
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Give a man a gun and he can rob a bank, give a man a bank and he can rob everyone.
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Who Makes Money in the Market? Politicians Do and Here's the Proof
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