I’m not a political expert. I don’t pretend or aspire to be one.
I reached financial independence at age 42 by seeing many of the same things that the general public has seen. The difference is that when I hear news, I always figure out how I can profit financially from it.
A few weeks back, I told you that as a professional investor, one of the main duties of my job is to spot trends before they happen.
I was one of the first columnists to mention the possible presidential candidacy of Donald Trump and how it should help the U.S stock market.
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Meanwhile, conventional wisdom would lead you to believe that:
• anemic U.S. GDP
• high U.S. unemployment
• Middle East tensions
• the Japanese earthquake and nuclear crisis
• soaring gasoline prices
• the debt-ceiling battle in Congress
all should have combined to lower stock prices, right?
However, the S&P has risen more than 17 percent since November.
I have said that like it or not, Trump’s poll numbers and the S&P 500 index should be correlated during the next 18 months.
Liberal and conservative pundits continue to mock Trump’s candidacy. Many folks who I respect have continued to dismiss him as a joke.
But as an investor, I remember almost 20 years when Ross Perot got America talking about getting rid of its debt and reforming the system.
An investor who bought the S&P in March 1992 and held it for 7 years made 30 percent annual returns and took part in the greatest stock-market run in modern history.
However, the Congress and president, now almost 20 years later, have again spent our money like irresponsible drunken sailors.
In the six months since Trump mentioned a possible presidential run, the S&P is up 17 percent despite all the bad news listed above.
Yesterday, Rasmussen Reports said Trump topped the latest poll of GOP primary voters while the S&P 500 flirted with an almost three-year high.
Coincidence? I will leave it for you to decide.
As each day goes by, many citizens are now realizing that like him or not, Trump is the only alternative to the status quo.
The president, both major parties and the mainstream media continue to deride him, claim he has no chance to win or say he won’t even run.
Recently, a New York Times poll said that 69 percent of American people surveyed said the U.S was on the wrong track going forward.
I have two questions for you:
• Do you really think someone who was smart enough to become a billionaire isn’t suited for political office and can’t deal with our debt?
• Is it possible that those in politics on both sides of the aisle and the mainstream media are scared that voters will set personalities aside and let an obviously financially savvy and decisive leader take a chance on making America strong again, changing the status quo and eroding their base of power?
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About the Author: Bill Spetrino
Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here
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