So he is a failure???? Well how much money have you made Vs how much Trump has made. I think he is PROBABLY a large winner when compared to you. And when was the last time you slugged him in the mouth Idiot? I think you are one of the liberal nuts that have commie leanings.
Is it time to talk seriously about a Trump nomination???
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So he is a failure???? Well how much money have you made Vs how much Trump has made. I think he is PROBABLY a large winner when compared to you. And when was the last time you slugged him in the mouth Idiot? I think you are one of the liberal nuts that have commie leanings.
How about how much I've made vs. how much I started with? Trump started his career a multi-millionaire through inheritance, and is basically break-even from where he started. Just investing in a mutual fund would have made him more money. His business ventures have been risky boom or bust investments, with some pretty shady deals along the way.
As for the punch in the mouth, it's a friggin' metaphor you nimwit. It's pretty well documented that for as big a blowhard he is, Trump has paper thin skin. Any time anyone attacks him, hell anytime someone asks him a tough question, all he does is whine and attack their character. Kind of like you - I can see why you like him.
Actually, everything you wrote would go double for Obama, except Obama never accomplished anything beyond conning people. It's what he's done all his last fe and he's great at it. I am no Trump fan, not even clise, but he's far mire qualified to be oresident than Obama was at the same point in the 2008 cycle.
That was a really flawed analysis that you're pulling that crapola from. The study that suggested he would have more money today if he had simply left it in a mutual fund did not take into account the withdrawals Trump would have needed to make to maintain the same lifestyle.
The authors of that hit piece were shamelessly misleading, and you should feel shame as well for believing such nonsense.
I stand by the rest of it - dude had his life handed to him on a silver platter and isn't much better than he started off, and hasn't really worked a day in his life.
Not true - he's bought and paid for lots of them.
Hillary, for example. That's the reason Trump gives for her being at his wedding.
People whose "depth" is "acting" and playing make believe roles for a living are not the type of timber that I would like to see in leadership roles in our government. If someone was otherwise intelligent, well versed on relevant subjects and happened to be an actor, I wouldn't care one way or the other.
I would rather see men and women that have actually worked to accomplish something in their lives be our elected leaders. I completely support people being elected from outside the common political class, I would just prefer that they had real world experience and success. If all you want is to have someone to "shake things up", well then let's send in a clown.
Trump would have made even more money had he simply invested it in an indexed market fund and done nothing else with it over the years. He would have avoided his serial bankruptcies too, not to mention all of the other peoples' money he's lost for them over the years.
I highly doubt the Dems underestimate Trump. They've seen what he did with the Republicans and are no doubt taking notes. I think their plan right now is to keep their noses out of the GOP imploding, let Trump cruise to nomination, then hit him with everything they've got in the general. Keep in mind that so far nobody has gone after Trump. He's only gotten token resistance. So we really have no idea to how he will react to getting the full court press.
Now you're repeating this nonsense as well. From above:
That was a really flawed analysis that you're pulling that crapola from. The study that suggested he would have more money today if he had simply left it in a mutual fund did not take into account the withdrawals Trump would have needed to make to maintain the same lifestyle.
The authors of that hit piece were shamelessly misleading, and you should feel shame as well for believing such nonsense.
As for losing "other people's money," THOUSANDS have benefited from being employed by his organization over the years.
And about what percent of Nevada Hispanics would those 1 in 10 Nevada Republicans represent?
It's hard to say. This was a measure of voters during caucus exit surveys. Not a census of everyone in the state.
Just one of the many narratives the Dems can use against Trump. He's a well-spring of self crafting criticisms.
Donald Trump, the Republican frontrunner in next year's presidential primary, has been pitching voters on his experience in business.
"I'm running for office in a country that's essentially bankrupt, and it needs a successful businessman," he told Rolling Stone.
Yet Trump has not done nearly as well as other American business magnates, or even a typical middle-class retiree following sound financial advice, as a review of the numbers over the past four decades shows. He is a billionaire today despite this poor performance because when he started his career, his father had already built a colossal real-estate empire. And the wealth Donald Trump has accumulated since then has at times come at the expense of taxpayers or the banks and investors who have lent him money.
[Read more: A secret to Donald Trump’s success that you simply can’t replicate]
Citing data from Forbes, The Associated Press estimates that Trump's net worth quadrupled from $1 billion to $4 billion between 1988 and today. That's an impressive gain, but it's nothing compared to the wealth produced by investors such as Warren Buffett and Bill Gates. Gates's wealth increased from about $1 billion to $80 billion over the same period. Buffett had about $2.5 billion in 1988, and has $68 billion today.
Yet perhaps the most telling comparison is between Trump and his golf buddy, Richard LeFrak. The LeFraks and the Trumps have been rivals in New York's real estate business for generations. LeFrak's father, Samuel LeFrak, took a no-nonsense approach to the business. He focused on minimizing risk and making money, according to a 1992 profile in Business Week, before the magazine became Bloomberg Businessweek.
"He might be strutting around like a peacock today, but he's gonna be a feather duster tomorrow," the elder LeFrak told Business Week when asked about Trump.
Over time, the LeFraks came out ahead of their competitors. LeFrak is worth $7 billion today, and he's 181st on Bloomberg's list of the world's richest people. Bloomberg puts Trump's wealth at just $2.9 billion -- far less than Forbes's estimate. He doesn't even make the list.
The LeFraks are a family with long experience in a very competitive industry, but Trump's returns are less even than those of an ordinary investor saving for retirement.
'I'm really rich': 10 essential lines from Trump's announcement
Play Video2:05
Real estate mogul and reality television star Donald Trump spoke about his personal wealth, China, Secretary of State John Kerry's bike accident and more in the top moments from his presidential announcement. (Sarah Parnass/The Washington Post)
Experts on personal finance generally recommend that people saving for retirement or to pay for a child's college education buy and hold in index funds -- mutual funds that are invested in a wide range of stocks or bonds. The price of the funds will go up and down with the market, but over time, these investments will generate a reliable return as long as the investor avoids the temptation to sell in a financial panic.
[Read more: It’s time to take a look at the index card with all the financial advice you’ll ever need]
Citing an independent evaluation, Business Week put Trump's net worth at $100 million in 1978. Had Trump gotten out of real estate entirely, put his money in an index fund based on the S&P 500 and reinvested the dividends, he'd be worth twice as much -- $6 billion -- today, according to the calculator maintained by the blog Don't Quit Your Day Job.
(In this scenario, Trump doesn't quit his day job. The calculation above does not include any allowance for living expenses, so if he had put all his money in index funds, he would have had to live off the dividends or find some other source of income.)
Trump disputes the independent appraisals of his wealth by Forbes, Business Week (now Bloomberg) and others. He says he is worth about $10 billion today.
Using Trump's preferred estimates of his wealth, he has still performed worse than our hypothetical Main Street retiree. He told The New York Times he was worth $200 million in 1976, an amount that would be worth $12 billion today.
"That a purely unmanaged index fund’s return could outperform Trump’s hands-on wheeling and dealing calls into question one of Trump’s chief selling points on the campaign trail: his business acumen," writes S.V. Dáte in National Journal.
In a way, though, all of these comparisons are misleading. Donald Trump's father, Fred Trump, built his real-estate business on federal subsidies, as The Washington Post's Emily Badger has reported. Financing from Uncle Sam isn't available to the typical investor (although homeowners do benefit indirectly from federal subsidies and can deduct interest they pay on their mortgage from their tax bill). The younger Trump has continued that strategy, boasting about his ability to secure taxpayer dollars from local officials, as the Los Angeles Times has explained.
[Read more: How Donald Trump abandoned his father's middle-class empire for luxury building]
At other times, Trump has relied not on taxpayers but on banks and private concerns. Firms under his control have gone bankrupt on four occasions, but those catastrophes aren't fully reflected in Trump's net worth today, since his lenders absorbed the losses. The LeFraks, by contrast, have avoided imposing losses on their creditors, while still finding a way to turn a profit.
[Read more: What Trump didn’t say about his four big business bankruptcies]
Trump is running for president on his business acumen, but over his long career in real estate, he just hasn't been able to put up the numbers.
https://www.washingtonpost.com/news...this-really-basic-advice-hed-be-a-lot-richer/
From your own source: (In this scenario, Trump doesn't quit his day job. The calculation above does not include any allowance for living expenses, so if he had put all his money in index funds, he would have had to live off the dividends or find some other source of income.)
Link to the amount he actually inherited?
I've read that he started his businesses with a million dollar loan from his dad. Which is something almost no one else gets. Still, if that's the foundation of his wealth, that's really impressive.
If instead he actually inherited hundreds of millions, that's not as impressive. But instead of just claiming that - please provide a source. I've linked a source for the million dollar loan below.
http://www.cnn.com/2015/10/26/politics/donald-trump-small-loan-town-hall/index.html
Gotta love you spinning laps to avoid the salient point. That Trump got a huge part of his money from his daddy.
Actually it was about $40 million he got from his dad's real estate empire. And Politifact did the numbers. They found that, "the account would have grown to $3.94 billion by November 2015 if the money had followed the S&P 500 index and all dividends had been reinvested."
Has Trump beat this $4 billion? Absolutely. Especially when you factor in that Trump has been living high on the hog this whole time. But the point still stands. Trump got life served to him on a silver platter.
http://www.politifact.com/punditfac...-democrats-say-simple-investment-trumps-fath/
Did you know his sister is a federal judge?
He has brother who died. Not sure what the other siblings are up to.
In any case, I don't see why coming from a wealthy family should be held against him.
Yes, he certainly did have lots of advantages. However, it seemed to me that you were trying to make the point that he wasn't very successful in the business arena, but if he only inheritied $40 million and built his current wealth ( I think he claims $9 billion) and maintained his lavish lifestyle, I'd say he's pretty good at business.
We're holding it against him because he's pretending that he's the ultimate business man. He's not. There are plenty of businessmen who really did come from the gutter to make it big. He came from the penthouse and made it big. Doesn't sound so impressive, does it?
According to Politifact, simple investments would have made him a billionaire. He's a good businessman. Can't dispute that. But should we really be all that impressed by an above average businessman who has nothing else to offer? Especially when it comes to running the entire country?
The problem is that Hillary has really not been hit with anything either. The ads with the emails should be fun to watch. The Bern screwed up and should have hit her over and over with that, but not sure the Bern was really wanting to win, just trying to push his cased.
Hillary hasn't been hit with anything yet? Did you just wake up from a four year nap?
I have not seen many Hillary attack ads if any. Most of the ads I saw were for candidates in Iowa before the caucuss. Have not seen anything of substance yet. Not in Iowa anyway.
How quickly you forget that Bernie gave her pass because AMERICA IS SICK AND TIRED OF HILLARY'S DAMN EMAILS.... AND GET OFF MY LAWN!
The GOP has literally spent more time on running down Hillary over Benghazi than they spent with all of 9/11. FoxNews posts daily "updates" about emails, despite the FBI having not released any information about their investigation since it began. You serious with this?
You really think a respectable figure like Bernie would jump on the GOP witch hunt train?
Like I said, I have not seen any ADS, I am looking forward to those. Just bang and bang and bang on her about the emails. Fox News?? I am talking about running ads on tv, I think those will be coming.
I don't classify career politicians as people who have "real world" experience or who have accomplished something in their lives, other than being able to continually get elected.
One of our greatest presidents was an actor......Arnold, Fred Thompson and Fred Grandy were all pretty decent politicians, too.
To just dismiss actors outright is elitist to say the least.
I am no Trump fan but some of the comments here are really off base.
1. Most people that come into a large sum of money piss it away.
2. What did John Kerry ever do with all his money? Nothing.
3. Trump built an empire and employed thousands of people
4. Trump is not lazy and in fact works extremely hard, sleeps very little
5. You need to read his books. He knows what he is doing and it is all unfolding according to his plan. Watch and learn.
6. Has Trump ever failed at anything? You bet. Show me a successful man and there will be some failures along the way.
7. Trump is sticking it to the republican establishment and I couldn't be happier about that. (and I say this as a lifelong republican)
1. Most people that come into a large sum of money piss it away.
2. What did John Kerry ever do with all his money? Nothing.
3. Trump built an empire and employed thousands of people
4. Trump is not lazy and in fact works extremely hard, sleeps very little
5. You need to read his books. He knows what he is doing and it is all unfolding according to his plan. Watch and learn.
6. Has Trump ever failed at anything? You bet. Show me a successful man and there will be some failures along the way.
7. Trump is sticking it to the republican establishment and I couldn't be happier about that. (and I say this as a lifelong republican)
