Posted on 02/09/2024 9:46:00 PM PST by 7thson
The past several years, I have heard and/or read of how bad a businessman President Donald Trump is and has been during his life.
I went online to look for examples and it seems the stories that he is a bad businessman are from leftist outlets - CNN, NPR, MSNBC, the New Yorker, NYT, and so on. (Side note - does Forbes swing to the left?)
So I need assistance from my fellow Freepers and from Freeperland.
Is there an unbiased source of information concerning President Trump's wealth, how he obtained it, how he has grown his wealth, etc?
Thank you to all in advance who can/will provide this type of information.
He’s successful. Now look at some of the things that he does own and operate. Leisure sport locations and gaming. And he’s still successful! Two venues that are full of risk, and he’s had failures in both, but he pulled through and the corporation continues.
Some say he’s a bad husband, it appears that he’s a good father, maybe a good judge of bad women. Who knows? His career is full time, that puts strain on marriages. Is ex’s don’t seem to mind.
Unmitigated hogwash!
That article is bs.
Do you not pay attention?
I am in agreement with you about how they slant the article, but most sources say he received $400 million. That’s all I wanted source.
As I said, being aggressive about your deductions is not avoiding taxes.
I think when you spread gossip, you should substantiate it with the article you are referencing. You are spreading propaganda by not providing any backup.
By providing the source material that formed your opinion, you allow others to critique same.
*Ok, financial genius. Can you give us any stock tips?*
They’re called index funds I do believe. Lower fees too.
*It’s easy, after the fact to know what one should have done afterwards. It’s another actually go and be competent at the time and still make money.
Trump did well, imo.*
There is something to be said where one goes out in the working world to slay dragons rather than being a trust fund baby.
It says he and his siblings inherited property eventually worth 400 M.
Well after he had established his business empire.
Give me the rates of the index funds over the next 5 years and give me a comparison of all other investment opportunities over the next 5 years, so I can compare for the future opportunities that you have foreseen.
There is something to be said where one goes out in the working world to slay dragons rather than being a trust fund baby.
Says the non-billionaire or the person who hasn’t increased his net worth by a 1000%.
I caught that after, so his gains were actually much more impressive.
No. For all the years the democrats have desperately been trying to find SOME dirt on him with which to go after him, they have found NOTHING.
That alone tells me that he did his business dealings with honesty and some level of integrity.
I know he's been accused of less than ethical business moves, but since I never followed him, I have no idea what they were or how true it was.
I am in the hospitality industry and there are left leaning people I know who claim he stiffed vendors on hotel construction and FF&E purchases. I think a lot of this had to do with his Atlantic City Casino property that was managed by his first wife. I think that venture bankrupted. So there are likely some butthurt contractors and others as a result.
Most people look at it as a cost or liability of doing business. Me personally, on behalf of my vendors I try to collect full payment before shipment to any hotel property and other businesses as well. If the vendor extends delayed payment terms, that is a risk they take.
Downside for me, if the vendor gives these generous terms and the client does not pay…I lose my commission as well. I have no say over this.
I think any who lost payment and commission on Atlantic City are resentful and angry at Trump.
Greed drives vendors to extend credit that endangers their own business… I agree with and remember a former employer telling me ‘I am not a bank! If they want credit go to a bank!’ Unfortunately in my world vendors compete and seek to be awarded prestigious projects and agree to payment terms that jeopardize their companies.
*Give me the rates of the index funds over the next 5 years and give me a comparison of all other investment opportunities over the next 5 years, so I can compare for the future opportunities that you have foreseen.*
I do believe the stock market goes back a hundred years at least. I would think the next hundred will go in an overall upward trend like the last hundred. Trump’s got his startup money 50+ years ago. Give you the rates for the next 5 years? To quote a distinguished American: “come on man!”
*Says the non-billionaire or the person who hasn’t increased his net worth by a 1000%.* Trump did it? If he started out with $500k and is ‘worth’ $10 billion. I didn’t start out with any money but I’m doing ok thank you.
Show me the projections. You’re the financial genius who has stated, by criticizing Trump for not putting his money into indexed funds instead of real estate and calling him a failure for doing that. Because he should have known, according to you, that index funds would give him the greater return before he invested his money.
Unless you have increased your net worth by 1000%, you are not doing as well as Trump did.
Ask any democrat politician - pre 2015.
Yeah, the ones he handed LOTS of money to - because he was such a ‘bad businessman’..
*Show me the projections.*
I’m not looking into the future. Just going by the past. In any 10 year period over the last 100(including 1929) the market has gone up.
*criticizing Trump for not putting his money into indexed funds instead of real estate and calling him a failure for doing that.* Please read again. Thou doth protest too much.
*I always ask these financial geniuses where I should put my net wealth for the next years, but they never seem to answer.* I’ll be happy to answer-just read my first post here in this thread. Has there been a death in the family?
Neither did anybody else look into the future and see, with clarity, where the market would perform best. Trump knew real estate and that’s where he felt best to put his money.
No. I don’t think I protest too much. You’re the one that criticized him for where he decided to invest his assets. For him, real estate was the safest asset with a decent return.
Trump received a Bachelor of Science in economics from the University of Pennsylvania in 1968, and his father named him president of his real estate business in 1971. Trump renamed it the Trump Organization and reoriented the company toward building and renovating skyscrapers, hotels, casinos, and golf courses. But then the fun begins as one of the hardest things to observe is that he was working on a different level of business. At his numbers, losing a quarter million in a year is like most people paying a traffic ticket.
His talent in finances is he can make money. But his best way was using his name. The Trump name has been licensed for various consumer products and services, including foodstuffs, apparel, adult learning courses, and home furnishings. According to an analysis by The Washington Post, there are more than 50 licensing or management deals involving Trump’s name, and they have generated at least $59 million in revenue for his companies.
And this continues today. The Trump Organization first major work since his presidency was a signed agreement to license its brand to a housing and golf complex set to be built in Oman by a Saudi Arabian developer, according to the New York Times.
The $1.6 billion project, known as Aida, will be developed by Dar Al Arkan. In addition to the golf course, the development will include an estimated 3,500 residential units, 450 hotel rooms and luxury destinations. The financial terms of the deal with the Middle East developer were not disclosed. But with that volume, you can be sure it ain’t hay.
wy69
They are constantly saying he used his office as President to enriched himself. In what way? Can’t seem to get specifics like a lot of things they say about Trump. It sure looks like they all find some way to enrich themselves through their public office. Joe? Nancy - how much is the Witch of Endor worth now?
unfortunately
His big mistake was not moving his business out of New York years ago. There are too many Litigious James types there.
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