• boonhet@lemm.ee
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    3 days ago

    ETFs should be fine, individual stocks not.

    And even ETF purchases and sales should be declared a week in advance or sth.

    • AA5B@lemmy.world
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      3 days ago

      I like the idea you’re going for but it’s not sufficient.

      • ETFs can have narrow holdings, or be actively managed
      • other investments like mutual funds can have wide holdings and be passively managed
      • an appropriate trust can take the person out of decision making for his holding without giving them up
      • boonhet@lemm.ee
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        3 days ago

        An improvement on my original idea then:

        A congressional trust that any representative can pay into, that is only allowed to invest in wide US-based index funds (or it could build its own index fund) or US bonds, etc. Basically: Allow them to invest in the future of the country they’re managing. Don’t limit it to only politicians, either. Let everyone invest if they want.