An Unlikely Duo in Congress Aims to Ban Lawmakers From Buying Individual Stocks: Here's How Lawmakers Can Still Get Rich

Sunday, 14 April 2024, 09:06

Lawmakers in Congress have consistently outperformed Wall Street's benchmark index, the S&P 500, with some members making millions through stock and options trades. Senators Kirsten Gillibrand and Josh Hawley have proposed a bill to ban individual stock trading for government officials, garnering strong public support. Despite the potential ban, investors can still find wealth in the S&P 500 and index funds, given their historical positive returns and average annualized total return close to 10%.
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An Unlikely Duo in Congress Aims to Ban Lawmakers From Buying Individual Stocks: Here's How Lawmakers Can Still Get Rich

Congressional Outperformance on Wall Street

Members of Congress have shown impressive returns compared to the S&P 500, with reported gains of up to $1 billion in stock and options trades last year.

An Alliance to Ban Stock Trading

Senators Gillibrand and Hawley have introduced a bill to prohibit individual stock trading for lawmakers, the president, and other officials, citing potential conflicts of interest.

Riding the S&P 500 for Wealth Growth

The S&P 500 has a solid track record of positive returns, averaging close to 10% annually with all 105 rolling 20-year periods showing profits, making index funds like Vanguard S&P 500 ETF a viable wealth-building option.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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