• AA5B@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    6 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
      link
      fedilink
      arrow-up
      4
      ·
      6 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.