(if it works is another story)
| | | | | | | | | | | | I've been seeing rumblings in the news about lawmakers looking into banning stock trading by members of Congress.
Quite honestly, it's surprising that this hasn't been considered until now.
Well, if it passes — and that’s a big IF— I think it would only be fair.
If me or any of the other traders here got insider information like the members of Congress have access to and traded stocks using that information, we’d all be in jail for insider trading. Case closed.
I don't see why Congress should be above the law on that, but somehow they are.
If this comes to pass, and I must reiterate that I’m still skeptical…
But if this comes to pass the bad thing is it wouldn't take effect until March of 2027 — three years from now.
In the meantime, all these lawmakers can still make "bank" for three more years.
After that, though, the proposal would restrict them and their families from trading all stocks.
But that’s one thing I disagree with. See, I don’t think they should be restricted from trading all stocks, just the ones they give government contracts to, as well as all the lobbying companies.
Granted, that’s a lot, but I'm sure they don't have any dealings with companies like Byrna (BYRN) or GameStop (GME), for example.
But all the others? They should be restricted.
Think about it, if lawmakers are heavily invested in Boeing (BA) or Lockheed Martin (LMT), what’s to stop them from passing legislation that makes it easier for these companies to get government contracts?
Or what’s to stop them from using their inside connections to steer contracts to specific companies that they own shares of?
It’s absolutely a conflict of interest.
And up till now, lawmakers have basically been “above the law”.
Because regular folks like you or I — if we ever had access to insider info like these politicians do — would absolutely be in jail if we traded using that information.
And I don’t think it will affect the market at all like some people are saying.
In other words, once this legislation takes effect, I don’t think NVDA is suddenly going to take a nosedive because of it. It would just make things more fair across the board.
If we, as regular investors, have to follow the rules, then those making the rules should have to as well. It’s about leveling the playing field and ensuring fairness in the market.
— Geof Smith
P.S. Nate Tucci just shared 2 hot stocks he’s got his eye on and explained exactly why they’re on his radar. Click here to check out his video and get the tickers. | | | | |
|
|
|
|
|
| | |
|
I've been seeing rumblings in the news about lawmakers looking into banning stock trading by members of Congress.
Quite honestly, it's surprising that this hasn't been considered until now.
Well, if it passes — and that’s a big IF— I think it would only be fair.
If me or any of the other traders here got insider information like the members of Congress have access to and traded stocks using that information, we’d all be in jail for insider trading. Case closed.
I don't see why Congress should be above the law on that, but somehow they are.
If this comes to pass, and I must reiterate that I’m still skeptical…
But if this comes to pass the bad thing is it wouldn't take effect until March of 2027 — three years from now.
In the meantime, all these lawmakers can still make "bank" for three more years.
After that, though, the proposal would restrict them and their families from trading all stocks.
But that’s one thing I disagree with. See, I don’t think they should be restricted from trading all stocks, just the ones they give government contracts to, as well as all the lobbying companies.
Granted, that’s a lot, but I'm sure they don't have any dealings with companies like Byrna (BYRN) or GameStop (GME), for example.
But all the others? They should be restricted.
Think about it, if lawmakers are heavily invested in Boeing (BA) or Lockheed Martin (LMT), what’s to stop them from passing legislation that makes it easier for these companies to get government contracts?
Or what’s to stop them from using their inside connections to steer contracts to specific companies that they own shares of?
It’s absolutely a conflict of interest.
And up till now, lawmakers have basically been “above the law”.
Because regular folks like you or I — if we ever had access to insider info like these politicians do — would absolutely be in jail if we traded using that information.
And I don’t think it will affect the market at all like some people are saying.
In other words, once this legislation takes effect, I don’t think NVDA is suddenly going to take a nosedive because of it. It would just make things more fair across the board.
If we, as regular investors, have to follow the rules, then those making the rules should have to as well. It’s about leveling the playing field and ensuring fairness in the market.
— Geof Smith
P.S. Nate Tucci just shared 2 hot stocks he’s got his eye on and explained exactly why they’re on his radar. Click here to check out his video and get the tickers. |
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe
This email was sent to penunggangbadai.moneyblog@blogger.com by Prosperity Pub
101 Marketside Ave, Suite 404 PMB 318,
Ponte Vedra, Florida 32081, United States
Prosperity Pub |
0 Response to "It's About #@%! Time…"
Post a Comment