New Funds Show Dem & Repub Politician Stock Picks
(I’m partial to the Biden Balloon ETF. It shoots skyward and just explodes:)
*This is NOT investment advice of any sort.
*Like anything else involving US Politicians, it’s there to make you laugh, and to prove Mark Twain’s line that “politicians and diapers must be changed often, and for the same reason.”*
There’s a reason so many politicians clean up after getting elected, and alot of it has to do with investing in stuff that they’re about to use your tax money to fund or prop up, or bail out.
Now, for normal folks, that’s called “insider trading” and calls for 20 years in jail.
Then again, as Pops used to say, ‘Sometimes “if you can’t beat ‘em, Join ‘em!”
(Well, here’s a new way to do that, sorta, although it would be hella better if they were required to post their trades in real time, like every other public “servant” schmuck)
Democratic & Republican politicians’ stock picks are now tradable through these ETFs
Think U.S. lawmakers have the inside track when it comes to the stock market? Now there are ETFs that allow investors to track moves made by politicians of the two major political parties.
Unusual Whales, in conjunction with Subversive Capital, unveiled two politically charged exchange traded funds that cater to both the Republican and Democratic sides of the aisle. The two funds are the Unusual Whales Subversive Democratic ETF (BATS:NANC) and Unusual Whales Subversive Republican ETF (BATS:KRUZ).
NANC: Plans to invest insecurities purchased or sold by Democratic members of Congress and their spouses.
KRUZ: Offers exposure to securities purchased or sold by Republican members of Congress and their spouses.
From a holdings point of view, NANC’s top three positions are in Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOG) (GOOGL) at weightings of 7.31%, 6.67%, and 5.91% respectively.
KRUZ on the other hand has its top three stakes in Magellan Midstream Partners (MMP), Microsoft (MSFT), and Energy Transfer (ET), which have weightings of 3.44%, 2.55%, and 2.24% respectively. Additionally, both funds come attached with a 0.75% expense ratio.
Regarding the launch of NANC and KRUZ, the ETFs portfolio manager Christian Cooper stated: "A quick online search shows how members of Congress perform relative to the rest of the market. Congress has outperformed the market and beat the SPY index in 2021 and 2022. We believe members of Congress have more information than the rest of us, and if they can trade on that information, we should be able to do the same, and now we can."
KRUZ and NANC are not the first two politically charged ETF to hit the Street. Other such funds include the God Bless America ETF (YALL), American Conservative Values ETF (ACVF), Point Bridge America First ETF (MAGA), and the Democratic Large Cap Core ETF (DEMZ).
Again, NOT investment advice (call your damn advisor who’s been hiding from you this entire bear market) BUT
But…. if you do somehow make a killing, reinvest some of it in Travel.
You will NEVER regret it
If you've ever wanted to own the Biblical WIDOW'S MITE and a Certified Roman Nail framed, check this out. As a coin collector, seems like a good deal
https://www.armstrongeconomics.com/products_services/tomorrow-in-the-store/
Bull Market in Narcissism (or is there?)
Some studies show that people who experience tough times during their formative years act less selfishly and are more interested in the common good than people who experience good times. (They are also far more in favour of unemployment benefits and redistribution of wealth than people who live in prosperous times during their formative years)
In other words, people who have been in their formative years during and after the global financial crisis should score lower on the narcissism scale than previous generations. Here's what a follow-up study found.
https://klementoninvesting.substack.com/p/gen-z-really-is-different
#genz #fourthturning #hardtimes #bearmarket #resilience #behavioralfinance