Joe Biden just pushed for a ban on congressional stock trading

“Nobody should make money in the stock market while in the Congress"

Since we run the Pelosi Tracker & have $300M invested alongside Politicians' portfolios on Autopilot

Here's how absurd their trading has become🧵 To start, we gotta give credit to Biden here

He was the politician who pushed for and got the Stock Act passed back in 2010

Before that bill, Politicians had free reign to trade whatever and however they wanted

However, the 45 day delay never really made any sense

Dan Crenshaw just had a wild take on banning political stock trading

"Nobody can point out any other examples (of shady trades)"

Since we run Pelosi Tracker & have $12M literally copying Dan's portfolio right now on Autopilot

We thought we'd share some examples First things first, contrary to Rep. Crenshaw's opinion, People do care about this.

86% of Americans
87% of Republicans
88% of Democrats
81% of Independents

All support some sort of ban on congressional stock trading

For the first time ever, Senators stuck a deal to ban congressional stock trading

Since we run the Pelosi Tracker & built the first way to automatically copy their trades via Autopilot

We thought we'd chime in

Here's everything you need to know about the bill 1) Everyone wants this

86% of Americans
87% of Republicans
88% of Democrats
81% of Independents

All support some sort of ban on congressional stock trading

Last week we set ChatGPT up with a real $50K portfolio

This week, we met with AI experts including the creator of a ChatGPT algorithm that returned 400%

On Monday, ChatGPT will begin trading that $50K portfolio based on the learnings that we found

Here's how to follow along🫡 We created a new account called @chatgpttrader

This account will provide updates on:

- How the algorithm works
- Stock picks
- Analysis on why it picked those stocks
- Performance
- ETC

Follow that account to not miss out on the fun

Happy to share that Autopilot has officially been launched for 10 weeks. In that time we

Hit #1 in the app store
Had 100,000+ organic downloads
Grew to $500K ARR w/ $0 CAC

Although we definitely are no experts, here’s some insights on how we did it 1. We focused on the #1 value add

Iris, our initial app, had 150K users. Scrapped it entirely bc it provided ok value 6 different ways

Then built a new app focused on the best feature - copy trading

Everyone asked for more features, but we said no

It has cost the US taxpayer $5M dollars in salaries just to have congress fail 11 times to vote in a House Leader

This isn't the first time they've wasted our tax paying dollars

Including a $500B interest charge & a $2M Toilet

Here's examples of how bad the spending's gotten First off, the US Federal Budget for FY 2022 was $6.011 trillion

They expected to receive $4.174 trillion in revenue, meaning a deficit of $1.837 trillion

The US National Debt currently stands at $31.376 trillion dollars

Or -$94,069/person in America

The NYT drops a softball piece on SBF painting him as an aspirational dude who genuinely got in over his head

While writing hit pieces on the CEO's of Coinbase & Kraken, two who actually protected their clients' assets

Turns out FTX donated $70M to Politicians in 2022🤔 SBF donated $30M to Democrats, making him the 2nd largest Democratic Donor

His partner, Ryan Salame, donated $23M to the GOP

FTX was in the pockets of both sides and became the trusted voice for Crypto regulation on Capital Hill

Yesterday the WSJ posted a report on just how often our Federal Officials traded stocks

They found 84 senior execs traded >500 times in 5 years

A CFTC economist even reported 9500 trades in 2020 alone

Heres a story on how our tax dollars paid the salary of a Federal Day Trader Lihong McPhail works at the Commodity Futures Trading Commission (CFTC) as an economist

The CFTC's role is to "regulate the derivatives markets including futures, options, and swaps"

Its goals is to protect investors against manipulation, abusive trade practices, and fraud

Breaking: Sen. Tom Carper (D) sold ~$80K of his short position against the S&P 500

While sitting on the Committee of Finance, in March he bought up to $190K in inverse ETFs that profit when stocks tank

Markets have fallen 15% since

And he has many more trades that made us 🤨 To clarify, it is his wife making these purchases which is completely legal under The Stock Act



Back in Feb 2021, his wife bought up to $15K worth of $INTC

Just 8 days later, Biden signed a bill to strengthen supply chains for Chips



$INTC rallied 13% and hit a 5Y ATH

Two days ago the NYT posted an investigation into politicians trading stocks

They found that 81 Democrats & 101 Republicans filed up to 3,700 trades and $100M in possible volume

Many had 100% winners, with some perfectly timed

Here’s examples of just how good they were First, of those 182 politicians, 90+ sat on committees that directly oversaw the companies they traded

49 were Democrats
44 were Republicans

Which totals 18% of Congress

We've seen a boom in retail investing but continue to see the financial education lag behind

A new report from FINRA Foundation shows that since 2009, financial literacy has decreased 14%

It's even sadder to see the simple questions asked by FINRA Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much money would you have?