Would you believe according to Barrons’ Randall Forsyth the Holy Grail of investing has been found: get elected to the U.S. Congress.
Seriously folks, aAccording to an academic study published Wednesday in the journal "Business and Politics," members of the House of Representatives outperform the average stock-market investor by 55 basis points a month, or 0.55 percentage points, according to the Washington Times, which brought it to my attention. Extrapolated over a full year, that figures to an extra 6.8% per annum after compounding -- better than hedge-fund superstars.
To add just 68 basis points, let alone 680 basis points, consistently makes you the equivalent of a lifetime .300 hitter ...
Read more at:
http://online.barrons.com/article/SB50001424053111904433604576346981994360302.html
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