Tag Archives: Trump

TrumpBits#27: Proper Attire

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When you’re not quite sure what to wear for your first meeting ever, take it from the top.
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TrumpBits #26: Mar-a-Lago’s loss

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Oh dear. Mar-a-Lago, once the premier Palm Beach hot spot to hold charity balls where millions upon millions have been raised to help out the less fortunate, has lost some of its luster during the 2017-2018 season.

As fundraisers ditched the joint during this past season due to any number of reasons traced back to President Trump’s less than presidential behavior, the unthinkable happened: The club lost 12 million smackeroos, according to data from the federally required annual financial disclosure form released by the Office of Government Ethics today, May 16, 2018.

Even with last year’s doubling in annual membership fees from 100 grand to 200 grand, Trump’s Mar-a-Lago Club brought in only $25,000,000. That’s down from the previous year’s reported figure of $37 million.

But before you tear-up and weep for this he-who-speaks-with-forked-tongue master, and, whose presidential style stands as a perfect example of “be best” bullying, his DC hotel doubled its revenues from $20 to 40 million.

(Divesting from his businesses prior to his inauguration clearly never happened.)

The good news in all of this for Trump is that his fans have short memories.

I expect the upcoming Mar-a-Lago season to be more profitable than this past one. That is, unless the stock market tanks.

 

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pbTrumpBits#5

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Gotta be one of the best aerial shots of PB property ever. But these lots aren’t just idle pieces of beachfront that have been sitting vacant for years. No. No. No. Once upon a time this land housed one sprawling mega-mansion that belonged  Abe Gosman,  then it was  bought by  Donald Trump, who sold it to  Dmitry Rybolovlev  and now it could be yours.

Fabulous photo. Fantastic opportunity —for a privileged few.

Need a grounded connection between Trump and the Russians? Okay, the links have not been totally proven but the stories swirling make for interesting reading, if nothing else.

But forget the reading and rumors, there aren’t many chances left in America for anyone to own some breathtakingly beautiful beachfront property in the one-and-only town of Palm Beach. And that’s no fertilizer bull.

Lawrence A. Moens Associates, Inc.  is the fortunate Palm Beach licensed real estate firm  with the exclusive listing. In a recent full-page ad about the listing it was described it as follows: “There is no greater opportunity on the eastern seaboard on the Continental United States”.  The Moens ad makes a good point; the property is indeed  a rare find.

With that said, each lot is currently priced under 40 million dollars. Yes, that’s 40 with six zeros after it.

Some might consider that a deal—or the art of a deal. Others, maybe not.   Trump bought the property from bankrupt  Grosman  for $41.35 million in 2004 then sold it to Dmitry for $95 million in 2008. Now with Dmitry divorced–not even sure he ever lived in it but know Trump didn’t — the house has been demolished and the property divided into three lots. The first of which sold a few months ago for $34.34 million.

You do the math.

(Source: I took this picture and to see the full-page ad, see page B8  of the Palm Beach Daily News, March 10, 2017.)

POCKETBOOK: Week ending Jan.28, 2017

  • 7be6974a-a70c-449c-b75f-92ef077bf8a2 Markets hate uncertainty

Funny thing about the stock market: On the one hand it looks ahead, on the other it doesn’t like uncertainty. Or, social unrest and there is plenty of that going on.

So, with a new President in town, and one who takes bold actions and is hard to figure, investors would be wise to expect a fair amount of market volatility going forward. Also, that life is going to be more expensive on a number of fronts for individuals and the country.

Re the country, expect more debt.

Even though the GOP is no fan of debt, President Trump has been called the King of Debt. Which is okay when your kingdom is a privately held corporation. But not so okay when you are a public servant.

  • Market Quick Glance

It was a week of ups and downs and the Dow Jones Industrial Average closing over 20,000. How long the DJIA stays at the level—and continues upward– is anybody’s guess.

Below are the weekly and 1-year performance results for four popular stock indices based on the close of business prices at the close of business on Friday, Jan. 27, according to Bloomberg.

-Indices:

-Dow Jones + 1.78% YTD up from last week’s 0.43%

  • 1yr Rtn +25.32% down from last week’s 26.53%

P/E Ratio 18.55 down from last week’s 18.66

 

-S&P 500 +2.60% YTD up from last week’s 1.55% YTD

  • 1yr Rtn +20.86% down from last week’s 21.73%

P/E Ratio 21.28 down a tad from last week’s 21.22

 

-NASDAQ +5.20% YTD up from last week’s 3.23%

  • 1yr Rtn +24.36% up from last week’s 22.65%

P/E Ratio 34.91 up from last week’s 34.39

 

–Russell 2000 +1.05% way up from last week’s -0.35%

  • 1yr Rtn +34.36% down a bit from last week’s 34.44%

P/E Ratio 48.27 up from last week’s 49.19

 

-Mutual funds

The average U.S. Diversified Equity Fund ended the week up with a year-to-date return of 2.61% at the close of business on Thursday, Jan. 26, 2017, according to Lipper.

Under that broad U.S. Diversified Equity Fund heading, it was Dedicated Short Bias Funds that lost the most, down on average 5.58%.They were followed by Alternative Equity Market Neutral funds, down 0.08%.

On the plus side, Equity Leverage Funds were up 7.52% nearly double the previous week return of 3.59%. Next in performance were Large-Cap Growth Funds up 4.81% followed by Multi-Cap Growth Funds, up 4.60%.

The average Sector Fund was up 2.73% up from 1.43%; World Equity Fund up 4.47% from 2.55%; and Mixed Asset Funds doubled their average return in a week to close at 2.10% from last Thursday’s close of 1%.

Visit www.allaboutfunds.com for more information about how various equity and fixed-income funds have rewarded investors over the short-and long-term, based upon Lipper data. Short-term meaning weekly and monthly performance returns; longer-term includes quarterly, year-to-date, 1-yr, 2-yr, 3-yr and 5-yr returns.

  • Actions have consequences

If there is one thing that President Trump’s slew of executive orders signed during his first full week in office has shown everyone,  it is that actions have consequences. They always have. They always will. Unfortunately the consequences part of that equation never really shows its head until after an action has taken place.

Take the executive order signed on Friday to stop travelers from seven countries coming to America. BTW, none of those countries were places that Trump has business relationships.

Clearly that action had political, emotional and economic consequences felt around the globe. I’m not sure if the administration had anticipated any of those consequences but am certain travelers and the general public did not.

Or the order signed to build a wall along the U.S. and Mexican border. One of its many consequences will be its cost.

One of the curious things about executive orders—other than their extraordinary power– is that when you really begin to think about them as actions, the first question a reasoning person has to ask themselves is “Why was it put in place?” and the second, “What purpose will it/they actually serve?”

Word is President Trump has a bunch of executive orders he is prepared to present and sign. As for what the consequences of each of those actions will be, the answer is: We shall see.

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