Congress Trading Stocks? The Truth's Wilder Than FictionGet ready for a brain-twister: Why Congress on Wall Street could be the best show in town.
I'm diving into an idea that'll make your head spin. Why should Congress be allowed to trade stocks? Yes, you read that right. Let me explain... Did you catch the news this morning? A massive 7.4 earthquake hit Taiwan. The biggest in 25 years. This quake sent shockwaves across the island. And yes, the markets felt it too. Taiwan Semiconductor Manufacturing Company, a giant in tech, had to halt production. This rumbled fears about the global tech supply chain. You'd think their stock would plunge, right? Nope. TSM shares closed up 1.27%. This is a classic example of how unpredictable the market can be. An earthquake of this magnitude? You'd bet your last dollar it'd tank the stock. But the market isn't about guesses or what seems obvious. It's about what actually happens. Now, let's talk about misinformation in the market. Some folks believe people in Congress have an info edge in the market. Recently, this wasn’t much of a thing. But it’s hilarious how much credit people give these knuckleheads, thinking they're trading wizards. Trust me, they're not. They might be good at politics, but when it comes to the market, they’re as clueless as the next guy. Why? Because the market humbles everyone. You hear about the wins, never the losses. It’s like those Monday morning quarterbacks, claiming they know exactly how to win, while lounging on their couch. This brings me to an unpopular opinion: Congress should be allowed to trade stocks. Why? For transparency. Let them show their trades. If they're in the game, everything's out in the open. Their moves, their blunders - it's all there for us to see. If they beat the market, great. It proves that small investors can win big. So, while the ground in Taiwan was shaking, TSM's stocks were stirring up a different kind of rumble. It's proof that the market has a mind of its own. You think you've got it figured out, and bam, it flips the script. Speaking of big wins, have a listen to my latest podcast with Austin Silver. We dive deep into this topic and much more. How did I go from a trailer park to Wall Street? What financial market conspiracy theories are just hot air? Grab a Manhattan and tune in: Podcast Link. Good trading, and remember – rent's due. Josh Belanger P.S. Hit that thumbs up (or down) on the video. Next Wednesday, I'm picking the best comment for a cool $100 prize. Get creative!
You're currently a free subscriber to Josh Belanger. For the full experience, upgrade your subscription.
|
Rabu, 03 April 2024
Congress Trading Stocks? The Truth's Wilder Than Fiction
Langganan:
Posting Komentar (Atom)
Tidak ada komentar:
Posting Komentar