https://nypost.com/2024/01/04/business/nancy-pelosis-2023-tr...
> The Unusual Whales report also notes that of 100 stock-trading members of Congress, a third beat the S&P with their portfolios.
> Last year, the average Democrat nabbed returns of 31% – well ahead of the average Republican’s 18%. Unusual Whales notes Democrats are more invested in tech stocks – which surged in 2023 – while Republicans are more exposed to the banking and oil sectors.
In 2022, their return was -19.8%. 2023 saw the market up enormously, and as my link indicates, Dems in Congress have been benefiting from a focus on tech stocks like Nvidia across the board.
1/3 beat the market; that means 2/3 did not. Right?
In a population of random idiots, you'd probably expect a certain amount to beat the market, a certain amount to match it, and a certain amount to flub.
Furthermore, finance is dead - it's the "hot field" of the 80s / 90s. It has been commoditized and isn't interesting.
I say this as a CFA who also had various useless finance licenses like CFP, Series 7, 63, 6 etc and worked both on the sales / "advisor" (read Fidelity call center out of college, where I liked to point out that we wear suits and make less than garbagemen to coworkers) side of things and real analysis and still chose to go to IT the first chance I got.