Trump Tweets

dividendhero

Once again one of Trumps late night tweets have rattled the currency and stock markets. Is it just me who thinks people inside the Trump circle must must be making a killing in insider dealing?

Reaper

I doubt it. I heard his inner circle try to stop him tweeting but in the evening he goes off by himself and rants with nobody there to restrain him.

JohnRo

His political inner circle is a carousel, it's as unstable as he is.

I have no doubt the family are making hay though. Only need to look at m a f i a involvement in his past.

Malthusian

No, because Trump's inner circle are already loaded, and risking an investigation from the SEC after investing millions of dollars the day of a late-night Trump tweet and then cashing it all out the day after in order to make a few thousand is picking up pennies in front of an SEC-shaped steamroller.

Never assume malice where being a bit drunk and senile will suffice.

As JohnRo alludes to, Trump's inner circle are no doubt making millions from his presidency, but in entirely legal ways. As I said the last time this subject came up, Blair is a multi-multi-millionaire, Obama is a multi-multi-millionaire. It would be utterly moronic to abuse high office to make money illegally when you can use and abuse high office to make oodles of money in entirely legal ways. This applies to his aides as well.

Trump is already a billionaire thanks to his inheritance, and despite a life spent trying to spunk it all up the wall on lousy business ventures. If he wanted to make a few hundred million out of the Presidency, the easiest, most lucrative and entirely legal way of doing so would have been to not spend hundreds of millions on running for it in the first place. But he was running out of life and wasn't going to ever run out of money, so here we are.

That isn't directly relevant to his inner circle who aren't billionaires, but what I said about picking up pennies in front of a steamroller applies in their case.

MaxiRobriguez

Perhaps not insider dealing but markets definitely overreact to Trump tweets (both ways) so there's opportunity there. Ultimately Trump has placed a massive emphasis on stock market performance that if his tariff programme is seen to really weigh on stocks, he's likely just to pull back and make everything rosy again.*

*At least for the remainder of this 1st term anyway.

dividendhero

Malthusian wrote: »

No, because Trump's inner circle are already loaded, and risking an investigation from the SEC after investing millions of dollars the day of a late-night Trump tweet and then cashing it all out the day after in order to make a few thousand is picking up pennies in front of an SEC-shaped steamroller.

What you're saying is true, he certainly has surrounded himself by money men. But they're money men at heart and I'm sure they won't be able to resist opportunity to trade on their inside knowledge, not to mention influence on a POTUS who's basically a crook in a suit.

Obviously they won't be using accounts in their own names, it'll be derivatives in offshore havens

Malthusian

dividendhero wrote: »

But they're money men at heart and I'm sure they won't be able to resist opportunity to trade on their inside knowledge, not to mention influence on a POTUS who's basically a crook in a suit.

Even Trump doesn't have inside knowledge on what he's going to warble tonight.

Obviously they won't be using accounts in their own names, it'll be derivatives in offshore havens

So they're going to pay thousands of pounds to hide millions offshore in secret accounts and keep everyone who knows about it quiet in order to make a few thousand day-trading millions on a late-night Trump tweet. Sure sounds like a guaranteed winner to me.

Nobody became a money man by picking up pennies in front of a steamroller.

Alexland

There's a guy at work who is always talking to me about how Trump's tweets have affected his investments usually negatively as he trys to trade and forward guess the market. I listen politely but it has no meaning for me as I don't think the tweets will make any material difference to my return over the next 20 years. My strategy of generally ignoring the news and being more adventurous when equities are cheaper seems to work fine.

Alistair31

I’ve £5k in sat in my LISA in cash, I’ll be buying the dip on this one

dividendhero

Alexland wrote: »

There's a guy at work who is always talking to me about how Trump's tweets have affected his investments usually negatively as he trys to trade and forward guess the market. I listen politely but it has no meaning for me as I don't think the tweets will make any material difference to my return over the next 20 years. My strategy of generally ignoring the news and being more adventurous when equities are cheaper seems to work fine.

While it's true that Trump's shoot from the hip tweets won't make a great deal of difference long term, the short term volatility is a pain. I recently moved a six figure sum between two ISA's and had liquidate and reinvest - it was certainly squeaky bum time in case one of his bizarre tweets rattled the markets :eek:

verybigchris

"Never attribute to malice that which is adequately explained by stupidity."