Posted on 01/25/2016 2:44:59 PM PST by Zhang Fei
As "really rich" as Donald Trump is today, he might have been even richer if, instead of dabbling in skyscrapers and casinos, he'd simply taken his eight-figure inheritance decades ago and sunk it into the stock market.
Had the celebrity businessman and Republican presidential candidate invested his eventual share of his father's real-estate company into a mutual fund of S&P 500 stocks in 1974, it would be worth nearly $3 billion today, thanks to the market's performance over the past four decades. If he'd invested the $200 million that Forbes magazine determined he was worth in 1982 into that index fund, it would have grown to more than $8 billion today.
Even the smaller figure exceeds the lower range of his possible net worth as reported to the Federal Election Commission, while the larger number exceeds by billions recent estimates of Trump's worth by financial publications. And it would have come without the high-drama, roller-coaster career that has included four corporate bankruptcies.
That a purely unmanaged index fund's return could outperform Trump's hands-on wheeling and dealing calls into question one of Trump's chief selling points on the campaign trail: his business acumen.
(Excerpt) Read more at nationaljournal.com ...
The stock market is like going to Vegas on a good day.
You win big.
Then you think you can do it again...
What a fool this guy would have looked if he was worth as much as Trump and put it in today’s stock market. The idiot probably would have lost his ass in 2008, and would be losing it again today seeing as how the stock market is due another downturn.
Bovine Scatology.
Those who can’t second guess.
And how many thousands of people Donald Trump employs would not have had a job? Trump is job oriented. He likes to build things. He’ll have a full time job bringing the constitution bck into America and building back what has been destroyed. He is the only one who will protect our sovereignty.
Saw that book title: How to make a small fortune in the stock market—Start with a big one.
Yes, let’s all just do nothing but collect all our income from stock dividends.
For sure, The Donald is not running for President because of the economic opportunity. A fairly good slice of his present net worth is going to be eaten into as a result of this run. The day-to-day operation of his financial and real estate empire, however, is left in good hands, that of his children.
And some day, he shall return to his business enterprises.
Hindsight is always 20/20.
To be honest, I have more respect for someone who TRIES to improve their lot in life than one that sits back and lets life happen to them.
And someone is mad about this? Suggesting he got ripped off because he a lousy business man?
Good grief. And we're supposed to believe this claptrap?
Just another guy underperforming the market. Badly underperforming it.
So, he put his money to work, made some jobs and shared the wealth.
He could have bought an index fund and saved his Chapter 11 creditors a lot of money. Heck, he could have bought Berkshire Hathaway shares and left sleazy eminent domain maneuvers over casino properties to someone less ethical. Unfortunately, he chose to become that someone.
The same idiot that writes this kind of ignorant crap is a poor schlep that has never followed their own thinking.
BS...money in the hands of wall street is money lost or embezzled
This is an old article and shows up here every week by Cruz zombies.
No doubt that would have been true, but he is not the kind to sit around waiting for money to quadruple and whatever comes after that.
Does this account for all of his personal expenditures in the index fund scenario? If not, this is meaningless.
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