Re: Ban on Stock Trading
Ballpeen
08/02/25 11:28 AM
An individual works for years and years to build a portfolio for among other things to develop a strong retirement. At some point they decide to run for higher office and now they have to divest. I'm not so sure I'd run for office under that circumstance.
Then I see a guy like Jimmy Carter and realize he sold the family peanut farm to become president.
There has got to be a way to put all their assets in the hands of a professional money manager while they are in office.
I understand the need for this.
I tend to agree. People shouldn't have to divest. That is moronic. I would say if people hold a stock, they can keep the stock. I would put a pause on purchasing individual stocks while in office. They should be able to sell individual stocks. If a stock starts to tank, they shouldn't be forced to ride it to the bottom. There is no fairness in that.
Members of congress should be able to invest in Mutual Funds and the like. Those funds are managed by fund managers. They aren't self directed.
I am sure many of you have money in various funds. You know those funds put money in to hundreds of different stocks or investment vehicles across many different segments. If you invest in several different funds with different fund goals, you might be invested in 1000 different companys, REITS, ETFs, bonds and just plain old cash accounts.
The SEC regulates Wall Street. Maybe they should have a couple of marshalls doing nothing but watching over congressional trading and start flagging what looks like suspicious insider trades.
