Comments on Profile Post by penguins

  1. Cspirou
    Cspirou
    I really missed the ability to build a portfolio with Google Finance
    Apr 6, 2021
  2. ogodei
    ogodei
    I'd consider it a sanity check. Anything you see here, don't do !
    Apr 6, 2021
  3. penguins
    penguins
    @ogodei - I was actually thinking of following along, especially for most long time Senators. Vast majority go in poor or lower middle class, make ~$140k/yr for 10 or 20 years, and suddenly come out with tens of millions of dollars?

    I may be totally wrong, but I don't know or hear of this happening by chance to very many blue collar families.
    Apr 6, 2021
    ogodei likes this.
  4. penguins
    penguins
    For example, the majority timed the March 2020 COVID sell off and subsequent buy in at bottom too perfectly. They frequently make the correct bets on stock movements that the average blue collar joe wouldn't know to make. They talk to corporate interests frequently (where else would they get campaign money). Probably have good access to financial services courtesy of whatever bank gave them campaign donations. Etc.
    Apr 6, 2021
    ogodei likes this.
  5. penguins
    penguins
    I'm sure they get money in other ways too, but I don't think special "speaking engagements" or whatever other "this is totally not a thinly veiled bribe" payments, "misplaced" campaign contributions, etc. accounts for all of the money they make in office.
    Apr 6, 2021
    ogodei likes this.
  6. ogodei
    ogodei
    I get your point. Three things I was thinking of: 1) Snark 2) The data listed appears to be several days old 3) most politicians at that level are "high net-worth individuals" who have handed off portfolio management to private 3d parties. Why not track those companies instead?
    Apr 7, 2021
    penguins likes this.
  7. ogodei
    ogodei
    BTW, Burr, the only Senator who was even looked at because of his Covid trades, was never charged with anything. DOH dropped the investigation in Jan. The only reason he was even looked at is because he didn't have a buffer between him and the trades. The fact that he was blatantly guilty of the charge has no bearing.
    Apr 7, 2021
  8. penguins
    penguins
    All 3 points are true, but it's more of a guiding rail.

    Would love to track said companies too, but most of the movements and data is too obscured or info is too delayed. Or, it's things that me and most other "joe plebs" just don't have access to.

    Yes, kind of annoyed Burr didn't get charged.
    Apr 7, 2021