Ever wondered how members of Congress manage to grow their wealth while in office? In this episode, Charles Scott dives into the controversial topic of investing like politicians. We explore the ETFs tracking political investments- NANC and KRUZ- and unpack the historical (and sometimes shady) relationship between lawmakers and insider trading.
We'll also touch on why everyday investors might find these political ETFs fascinating (or risky). As always, this discussion is for informational purposes only and not financial advice. But it will definitely make you think…
Here’s some of what we discuss in this episode:
0:00 – Intro
0:20 – What are NANC and KRUZ ETFs?
2:48 – Which political portfolio performs better? The numbers so far
3:45 – Insider trading was legal for Congress?!
4:58 – The STOCK Act: Why Congress had to make a rule to stop themselves
6:24 – Why political trading ETFs exist today
7:16 – The stress of watching stock prices every day
9:06 – What does "fiduciary" really mean?
12:49 – The reality of financial sales pitches & how to vet advisors
Contact:
Phone Number: 480-513-1830
Website: https://pelletoncapital.com/
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