What if you had copied James E Hon Banks?
House member, IN-3
This record ended in August 2024, when they left the House. It is shown here but not ranked.
The verdict
Copying James E Hon Banks's reported trades from Jun 2023 until Aug 2024 would have turned $10,000 into $4,013, less than the S&P 500 did.
The S&P 500 turned the same $10,000 into $12,591 over the same days. The copy returned −55.0% a year against +22.3% for the S&P 500, 77 points a year behind. Its worst fall was 70.4%, from Jul 19, 2023 to Aug 12, 2024. The S&P 500's worst fall over the test was 10.0%.
Copied Jun 22, 2023 to Aug 13, 2024 · House trade reports and daily closes
What $10,000 became
- Copying James E Hon Banks$4,013
- S&P 500$12,591
- Kept every buy and ignored their sales$4,013
If you had kept every buy and ignored their sales, you would have ended at about the same place, $4,013. The test stops on Aug 13, 2024, when they left the House, so there was nothing left to follow.
- $10,000 copied
- $4,013
- −59.9%, −55.0% a year
- In the S&P 500
- $12,591
- +25.9%, +22.3% a year
- Kept every buy
- $4,013
- Their sales ignored
- Worst fall
- −70.4%
- Jul 19, 2023 to Aug 12, 2024
- Trades
- 2
- 2 buys, 0 sales
The moves that made the most
No position made money for the copy.
The moves that cost the most
- PTONPeloton Interactive−$5,987
Held from Jun 2023 until the record ended in Aug 2024, the stock down 60%
Year by year
| Year | Copy | S&P 500 | Gap, pts |
|---|---|---|---|
| 2023from Jun 2023 | −19.1% | +9.7% | −28.8 |
| 2024to Aug 2024 | −50.4% | +14.8% | −65.2 |
A historical test on paper, before costs and taxes. It trades at the close of the first trading day after each report comes out, up to 45 days after the trade, sizes from reported ranges, and skips delisted companies, which flatters it.