Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:When people see their 401k in four years they will finally understand what a charlatan Trump is. I'm glad that in addition to retirement that we invested in real estate and own three properties that we owe a total of $80K cumulatively on. So even if the world goes to sh$t my soon to be adult children will have a place to live. The future is bleak.
I am not a fan of Trump but stocks boomed under his first administration and there were real wage gains despite having next to no inflation. Can't you not see this? It's factual truth. It doesn't mean you have to like Trump or approve of him. And even if you trot out COVID, keep in mind the market rallied enormously from the COVID crash even before he left office.
Given that we had record deficit spending and inflation under Biden, I find it fascinating people resort to these blind denialism.
It did not boom. It went up 11.8% per year on average. That’s good, but below the performance of both Obama and Clinton.
First of all, the stock market went up by far more than 11.8% per year under Trump. On the day of his inauguration in 2017, the S&P 500 was at 2265, and on the day of Biden's inauguration in 2021, the S&P was at 3861—an increase of over 13%.
Moreover, that does not include dividends or the growth from their reinvestment. Factoring in dividends gives a compounded annual growth rate (CAGR), during Trump's term, of 15.3%! If you start the tally on the day of Trump's election in November 2016, the CAGR is actually 16.2%! And all of this happened during a period that also saw a black swan catastrophe (Covid) that caused the market to lose 34% of its value in 30 days!
See the website below if you have any doubts about this. Trump's record is far in excess of any long-term historical performance of the stock market. I'm not sure why you liars lie about things that are so easily verifiable, but I guess lying is just what liars do.
https://www.portfoliovisualizer.com/backtest-portfolio
And second, the cognitive dissonance required to observe Trump's fantastic stock market record and still say that the market will surely crash due to his policies—despite the fact that you also made this spectacularly incorrect prediction last time—is truly a sight to behold. In medical circles, I believe this is classified as an advanced case of Trump Derangement Syndrome. Seek help.
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