A subscriber emailed me recently pondering the value of being led astray by a Trump tweet. He even suggested that the US President is guilty of breaking stock exchange laws. It got me thinking about the positive or negative impact on our wealth building since November 2016, when Donald J. Trump became this very unusual President of the United States of America.
This is what the email put forward: “Have you ever considered that the one thing well established is that Trump lies a lot. It has pretty well been established that the phone call supposedly from the Chinese seeking a solution, which he talked about at the end of the G7 meeting, never happened. Undoubtedly, he is in breach of market manipulation laws and opens himself up to class actions from investors who suffer losses as a result of relying on his tweets. I do not know if it is a good idea for the media to give credibility to statements emanating from him or his cronies. What do you think?”
It's a thoughtful question. Answering it has to bring a wide-ranging analysis, which might also help us decide if we should invest/gamble on what the President and his team say or tweet.