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Trump claims he went to Wharton!! I seem to remember Economics was kind of an entry course to get into the business school. Maybe the dementia has taken away what he supposedly learned there.
He never did well. Ever.
It was all about the legend...that never was. His "peak" times were when those tax returns are from. The Taj was also at "peak Trump".
The simplest measure is that his return has been vastly lower than if he put the money (his 300-450 million inheritance) into T-Bills, the DOW or any index fund.
That's really bad. You have to try to lose money to get that result.
That's about 20% of the normal stock market returns and about zero when inflation is figured in.
"The inflation rate in 2018 was 2.44%" - add in the 5 months in 2019 and we are worse off than if we put it in a 1% CD.
So you and other people continue to ignore the obvious. Stock market and stocks are for LONG TERM INVESTMENT, meaning money you don't need in the next 3-5 years at a minimum. Not 17 months, not today, not yesterday, not tomorrow.
Yet you compare to a CD which is for SHORT TERM INVESTMENT, meaning 6, 12, 24 months etc, not 3-5 years.
And this doesn't even address the fact that if you want your money right away from the CD, you are still going to have to wait another 7 months to get that 1% interest in your hands unless you want to pay the penalty and end up upside down on your investment.
This also doesn't factor in that CD rates are closer to 3% than 1%, so you might want to refresh yourself on that.
Goal posts were set by YOU in the OP of this thread.
-------------------- 01-04-2018, 09:51 AM
phma phma started this thread
President Trump is absolutely the greatest on the economy. Dow breaks 25,000
They say it still has room to run !!!!
Go ahead 401K make my day !!!
-------------------
They are the one and only goalposts. If you want to start another thread for 2019, be my guest.
Dow was about 25.3 the day after you posted.
It is now over 16 months later and it is about 25.9
That is an increase of about 3% in 17 months, whereas even "normal" would be 15%, "poor" would be 10% and amazingly great would be 20%.
One cannot manipulate 3% into being good. It's really zero when inflation is figured in. Figure in the tax cuts (extra deficit forever!)...and its even worse.
Trump is fantastic at losing money. For himself...and, unfortunately, for others.
Sounds like the argument of someone who bought at the highs and sold at the lows.
The story at the time was all Armageddon from democrats and anti-Trumpers but we are in the green today. Closed over a 100 points to the up side.
Here's an interesting excerpt from an article in Politifact re Trump, China, and the Trans Pacific Partnership (TPP):
"Trump said the Trans Pacific Partnership 'was designed for China to come in, as they always do, through the back door and totally take advantage of everyone.'
Not only is China not [emphasis added] a part of the TPP, but the experts we talked to all agreed: The TPP isn't isn't exciting news for China. There's a chance that China could join the TPP down the line, but not without robust changes to its economy. Until then, China doesn't stand to gain much from having trade diverted to other countries.
Trump can't blame everything on China. We rate this statement Pants on Fire!"
Sounds like the argument of someone who bought at the highs and sold at the lows.
The story at the time was all Armageddon from democrats and anti-Trumpers but we are in the green today. Closed over a 100 points to the up side.
You have lost track of much of what is being talked about.
The only reason the markets are staying stable at the low returns (still WAY behind what they should be) is that the market believes Trump is lying and will never follow through on his threats.
Now....follow along....if you and I and the market knows he is BS, what do you think the smart Chinese negotiators and leaders know???
Of course. They know he is easily taken advantage of and, although into chaos, is not effective at doing anything.
Putting it yet another way - the odds of the Chinese trade deficit being more than 10 or 15% different than today - in 1, 2 or even 5 years....are about zilch. Whether it is 600 Billion or 500 Billion isn't really relevant.....if Trump is to "make a deal that is effective" we have to be on the way to erasing that deficit. We aren't.
Why doesn't Trump talk about our TRILLION dollar yearly budget deficit? Isn't that of even more importance than this? Of course it is....but the King of Debt and King of Tariffs doesn't care about the Right Thing. He doesn't even know right from wrong.
Jan 30, 2018 - The current economic expansion began in June 2009 -- or 8 years and 7 months ago. If this one makes it to 10 years old next summer, it'll be the longest in U.S. history.
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