Stop Trading on Congressional Knowledge

Since I was about nine years old, my dad made sure to put a pretty large emphasis on the importance of investing. Now, about eight years later, my portfolio has gone really well. In 2013 I invested in Apple and in 2017 I invested in Nvidia. Both were very good calls but it’s Nvidia and Apple, it’s not like I was making some crazy call option or short given that I have been invested in some of their and the economy’s biggest growth periods. I’m no day trader. However, after taking business math and becoming somewhat adept at reading charts, and having a surface-level understanding of trading and all its complications, I have learned a lot of really sad realities of trading in America. Such as the fact that 89% of all stock equity is owned by the top 10% of investors. However, after going down the lovely rabbit hole of Investopedia, Yahoo Finance, and my favorite Finance Podcast: The Trillionaire Mindest I’ve learned about the sad reality of Insider Trading, especially in politics.

Even though the Stop Trading on Congressional Knowledge(STOCK) act has been in place for almost ten years, that has not stopped anyone. For example, the speaker of the house who many people likely know to be Nancy Pelosi. What you probably didn’t know, is that she is a massive Inside Trader. What I know for sure is that Nancy and her Husband have not stopped trading on congressional knowledge. Many people don’t see anything wrong with a Congress member trading individual stocks as literally, every other person is not allowed to. As of early this year, 59 Congress members were identified by Insider and other organizations as actively violating the STOCK act. FIFTY-NINE MEMBERS OF CONGRESS. That’s over half the Senate or over ten percent of total Congress members. That may seem like a small number but that’s only people who are obviously violating it. That doesn’t count any potentially savvy investors or anyone who may be in the yellow zone of violating the STOCK act. In a time where economic policy directly affects some companies that make more money than some countries, it’s pretty integral that these people are unbiased in their policymaking. This just isn’t the case, these people are continually beating the market because they are trading on congressional knowledge because I know for a fact that 60 different people are on the level of Warren Buffet. And that raises the age-old question: how the hell do these people even mildly care about you when they can make hundreds of millions of dollars off of the economic policy THAT THEY MAKE. Imagine being allowed to trade on stocks that your actions directly affect, before anyone else can, and the only reprimand is a two hundred dollar fine. OUT OF ALL THE GOD DAMN MONEY, THESE STUPID POLITICIANS MAKE(over $100,000 a year and millions in investments) ALL THEY GET IS A $200 FINE. That’s not even a drop in the bucket, it’s a drop in a lake. But by all means, your lovely politicians care.

Photo Credit: Nasdaq.com

Things that make no sense

Stocks make no sense to me, and I do not want them explained to me. I just know they control the economy around the world and are used as a pastime for rich people and teenage boys.

Bats. They make no sense to me, like I know they are animals, but they confuse me. Just the thought of bats sleeping upside down is a no-no for me.

Photo credit: U.S department of the interior

Homophobia, how can one hate someone for loving someone. Love is Love, do not hate on someone for being themselves and loving someone.

Racism, why the heck does racism exist? Like seriously is it so hard to be a decent person to someone no matter their race, gender, sexuality, ethnicity, and religion?

Dress codes, they are stupid and only invented for girls. Girls get dress coded because their skirts are too short or their stomach is showing. Guys don’t get dress coded because dress codes were created to sexualize girls.

America’$ Next Top Billionaire

What do William Gates III, Warren Buffett, and Lawrence Ellison have in common? Well, they are not only America’s three richest men, but rank among the richest men in the world.

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Lawrence Ellison stands in third place in America’s richest men, worth $28 billion. He is the founder of the Oracle Corporation, one of the largest hardware and software corporations in the world. His successful company has over 370,000 customers, with industries in over 145 countries around the world. Born and raised in Chicago, he attended University of Chicago and studied physics. However, he dropped out and never received his diploma. Who knew that a college drop out would end up becoming the sixth richest man in the world?

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