Want to Win Big Like Nancy Pelosi's Husband? A New Website Tracks What Politicians and Their Families Are Trading
A new online service is making it easier for investors to track the buying and selling of stocks and securities by politicians and their families. Financial data company "2iQ Research" has launched "Capitol Trades", a platform that compiles and categorizes the publicly reported trades of U.S. Senators, Representatives, and their family members.
2iQ said it built the tool to increase transparency around politicians' trading, which has been a controversial topic, with many arguing that it should be more strictly controlled. The company believes that investors should be able to benefit from seeing what U.S. politicians are buying and selling; from small players to Congressional whales like Nancy Pelosi and Paul Pelosi.
Capitol Trades is not the first service of its kind but 2iQ believes that it has created a more detailed and user-friendly product, with extra analytics on top. The company argues that investors should be able to benefit from seeing what U.S. politicians are trading and that the increased transparency will be beneficial for all.
The financial platform also gives users a glimpse into the investment patterns of politicians. Information technology has been the most-purchased sector in the past year, with popular names such as Apple (AAPL:US), Meta Platforms Inc. (META:US) , and Microsoft (MSFT:US) frequently bought and sold. Capitol Trades could be a valuable tool for investors looking to make smart investment decisions based on the trading activities of politicians.