Once upon a time, it was popular among investors to check what Warren Buffett was buying and selling to get inspired and catch a glimpse of the stocks likely to skyrocket. By 2024, while the Oracle of Omaha still holds significant sway, a new and somewhat cynical set of strategies emerged – copying the trades made by U.S. members of Congress.
Whatever it may say about the rules governing stock market access of people with some of the most reliable access to insider information, the approach has been highly successful, as evidenced by the fact that a trading bot that tracks Congressional trades, on the whole, has, since its launch, been handily beating the overall stock market and boasts a total return rate of 265.29%.
Still, not all members of Congress are equally savvy traders – while Nancy Pelosi made ten times her annual salary in four months on Nvidia (NASDAQ: NVDA) alone, Sri Thanedarlost lost out on up to $452,000 in February by selling cryptocurrency early in the month.
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Finally, while not as well known as certain other politician-traders, the most successful member of Congress in 2024 – and the last 12 months – has been Representative Daniel Meuser of Pennsylvania’s 9th congressional district.
Dan Mauser trading bot returns 119.60% in a year
The performance of Dan Mauser’s portfolio is best exemplified by the success of a trading bot built to track and copy his stock market actions.
The bot, created by Quiver Quantitiavie, a platform most recognizable for often sharing suspicious Congressional trades on X, has recorded a substantial return rate of 119.60% in the last 12 months and is up 47% since the year started.
The bulk of representative Mauser’s trading activity has been within information technology – 17 out of 56 recorded trades – and communication services sectors – 12. He has also been active when it comes to investments in the financial sector, with 9 trades.
The most recent activity recorded in the Congressman’s portfolio occurred in mid-August of 2023 when he sold up to $300,000 worth of Nvidia shares.
Mauser’s most recent recorded stock purchases took place on March 30, 2020, when he acquired up to $15,000 worth of shares of Visa (NYSE: V), Disney (NYSE: DIS), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL). Said purchases were reported significantly later – in August 2021.
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