Business
Wall Street cheerleader Trump has little invested himself – The Australian Financial Review
Donald Trump’s relentless cheerleading for the sharemarket has been a hallmark of his presidency. But he has barely has any of his own money in US shares. Why?
Deep in The New York Timesrecent report on Trumps tax returns is the fact that he sold more than $US200 million ($280 million) in stocks and bonds in the three years leading up to his inauguration. An Associated Press analysis of his financial disclosures since then shows as much as $US8 million more was sold in his first three years in office, even with his investments now in a trust, beyond his direct control.
Why would you talk up the stockmarket and not own stocks at the same time?
David R…
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