TikTokers Follow Congress Members For Advice on Trading Stocks
Written by Site Hub on September 22, 2021
Amongst a certain community on Tiktok, influencers investors have a new strategy; watching sitting members of Congress for stock tips. Chris Josephs happens to be one of those influencers. Chris Josephs has been watching House Speaker Nancy Pelosi’s stock trading, as its disclosures are a treasure trove. Josephs is the co-founder of a company called Iris, which shows other people’s stock trades. Within the past year or so, Josephs has been taking advantage of a law called the Stock Act. The Stock Act requires lawmakers to disclose stock trades and those of their spouses within 45 days.
If you follow Chris on Tiktok, you can get a push notification every time House Speaker Nancy Pelosi’s stock trading disclosures are released. Chris stated: “I’m at the point where if you can’t beat them, join them. I typically do buy… the next one she does, I’m going to buy.”
Source: NPR
