US Senators: true Financial Panthers

Funny how things like this work:

US senators' personal stock portfolios outperformed the market by an average of 12 per cent a year in the five years to 1998, according to a new study.

A separate study in 2000, covering 66,465 US households from 1991 to 1996 showed that the average household's portfolio underperformed the market by 1.44 per cent a year, on average. Corporate insiders (defined as senior executives) usually outperform by about 5 per cent.

Of course, with the way things are going, you don't need a Financial Panther, senatorial or otherwise, to know where to invest.

(NYT link via Max)

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