Has Trump Ever Had A Stock Portfolio?

Trump: “I don’t want to have stock buybacks,” he said Friday at a White House news conference. “I don’t like buybacks. I didn’t like them the first time.”

Why? Because Biden said that is what he would do?  I agree, when you required corporations to return the money they were hoarding overseas, you should have required them to invest it in new plant and equipment. You put no strings on it. The buybacks are part of what made the market go to all-time highs this year.  But now is not then!  Now, we need anyone and everyone to buy, buy, BUY to prevent another 2008.  What do you want them to do with all that money, buy up other companies?  You and Biden said they are already too big and you want to break them up.

Mr. President, stop telling corporations what to do and when to do it. Fire all those jerks who are giving you this bad advice and save your ass and the country by cancelling all those stupid trade wars.  Wait a minute, on second thought, keep going the way you are.  The market will recover when you lose the re-election. Then you can go back to your real estate deals in all those countries you have befriended.

About Frank Sortino

Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
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