Trump’s Trading Frenzy Sparks Insider Trading Questions
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Trump trades, Pelosi’s a piker and welcome to Chinatown. news came out on Friday. News came out on Friday. Unbelievable. Nothing in the Wall Street Journal on this at all. Actually, Meet the Press covered this a little bit yesterday, but for the most part, it’s kind of going away. Donald Trump, Donald Trump conducted
more than 3,700 stock trades this year alone. 3,700 stock trades this year alone. I want to put this into perspective. I manage money for a living. Again, I have my own personal accounts too. I haven’t gone, I don’t even know how many times.
3,700 traits?
This is something that you would see out of some sort of leveraged algorithmic hedge fund. Now, first and foremost, throughout his entire life, mean, Trump was in interviews talking about how he doesn’t believe in the stock market and invest in the stock market until now. Until now. I got to say this.
Okay, this will perspective for you. The Securities and Exchange Commission, they have this is what they do. They have to go to all registered investment advisories, especially ones of our size, and they audit us. It’s part of what they do. They go in, make sure everything’s right, right, cybersecurity. And one of the things that they really look for is they’re going to be looking at
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My brothers and aunt, our accounts, our personal accounts, making sure that we are not, we’re not front running trades, putting in trades ahead of our clients. And I kind of find it humorous as we’re dealing with liquid securities. And quite frankly, we don’t trade.
We don’t we don’t trade. I, I for one I have I’ve got some clients of ours some clients of ours and it’s kind of funny. They’re retired, they’re retired and I keep kicking it to him. I said would you guys you know you’re bored? You know you they go golfing they’re retired and they do some day trading on their own. They’ve got their their day trading account and
They like to see if they can beat us, manages the bulk of their assets. And I get texts all the time, kick their ass again, you kick their ass again. I just send them a little picture of the tortoise in the hair type of a situation. these are smart people, they’re in trading form, they do it for fun. It’s their gambling money, if you will. Rather than go to a casino, they’re messing around with their online trading accounts. And…
Again, they’re spending their time doing this and they’re failing miserably. Now, on Friday, Friday, interestingly enough, same day, the Speaker of the House, Mike Johnson, Mike Johnson comes out and gives a press conference and is advocating, know, again, people have been talking about eliminating stock trading for members of Congress. And he said, no, no, no, you can’t do that.
Don’t believe me? Go watch the interview. No, no, Congress hasn’t gotten a raise in a long period of time. They make $175,000 a year. And you know, a lot of good people wouldn’t be able to wouldn’t come to Washington, DC, wouldn’t come to Washington, DC. You know, they need to make money doing stock trades. What?
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You mean to tell me they’re coming to Washington DC and they’re going to live on trading stocks to make a living to feed their families? What a bunch of Okay, what a bunch of BS. And I laugh at this to some degree. And I’m obviously crying on the inside because the same Republicans, man, they go after Pelosi, right?
look at Nancy Pelosi and all the trade she’s doing and rightfully so. I did as well. Back in the day, you know, going after this, the Schweitzer book about how all the insider trading again, wasn’t just members of Congress, it was also their staffers as well. Mike Johnson is saying that we have to allow this to continue. Members of Congress are not good. They’re not going to be able to make ends meet unless they’re essentially allowed to continue insider trading.
He actually said this with other members of other Republicans behind him on the dais, just sitting there, standing there like, yes, we need to continue to lie and cheat. Now, again, I’m going through an audit. If I did any of the things that these members of Congress did or any of the things that the president did. I’d be out of business. I lose my my license. I lose my firm. And rightfully so.
Rightfully so. Again, I love for, I love, I can’t wait to hear. I haven’t heard anything yet. know, that MAGA is being very, very quiet when it comes to this. they, they went after Pelosi and her stock trades and all this stuff. Pelosi is a piker compared to what Trump has been doing. I’m calling it like I see it people. User multi, multi, multi million dollar trades.
I mean, some stuff that was timing the market right out. Holy biggest sales came on February 10th when Trump unloaded holdings in Microsoft, Meta and Amazon. Five million, 25 million sold a stake in a Vanguard ETF. Finally, this is right before the Iraq war.
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Let me put it to this way. His trades are so accurate and timing and what do going out, buying stock in Palantir, then coming out and touting the stock the next day.
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I’m here to tell you and what they’re claiming right now, they were asked about this. no, no, this is all this is just as advisors. This is held in a blind trust. First and foremost, it’s not a blind trust. It’s in a revocable trust. It’s not a blind trust and it’s controlled by his kids. Eric Trump came out to the board. No, it’s not. OK, no, it’s not. They don’t care. They’re doing it here in in plain sight. I’m sorry, people, this is theft.
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This is right out here in front of him. He’s based on care. His they don’t care. You see, I’m sorry. I know I’m kind of odd because I go after both sides here. I try to stick with the right thing. OK, I’m not beholden to any some sort of dear leader or any sort of nonsense like that. This is wrong.
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And what you’re going to see happen is, yes, all this stuff is illegal and he’ll pardon himself and his kids and everyone that surrounds him, anyone that’s within a five block radius on his way out the door. And that’s where we’re at here in this car. Again, whether you like it or not, people, we’re no.
different at this point in time and it makes me really sad to say this. I kind of laugh at people, you know, it’s point in time. 250 years flying America. We’re no different right now than the system that’s in play in places like Russia, with oligarchs controlling the show, enriching the elites. Like I said, what he’s doing, what his kids are doing, I would go to jail for. Now,
Again, correct me honest, aren’t we supposed to be equal under the law?
You have the speaker of the house, speaker of the house coming out and advocating for members of Congress to continue to trade elite. And you know the funny thing is? He says, well, you know, you got to have some sympathy in this. They got to take care of their families. When you adjust for inflation, Congress members make 31 % less. And again, think about that for a second. When you adjust for inflation, who is responsible for inflation, Mike?
Correct me if I’m wrong, isn’t that your job as, you know, Congress to put forth a budget that makes sense? You’re the ones that are printing all the money. You’re the ones are why we have this type of inflation. And he’s big. Yeah, we got to be, you know, members of Congress. You know, we can’t cut it at $175,000 a year. I said it here on the program. This is decades ago. Members of Congress shouldn’t make any more than a private does in the military. They should live in fricking barracks.
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for crying out loud. I want you to get your arms around this, okay? Just how ridiculous it is, because they’re claiming, oh yeah, this is all in the up and up. I’m here to tell you this, okay? I wanna know, okay? I know who these advisors are that are making all these trades, because I’ll tell each and all of my clients, fire me. Get rid of Markowski Investments, okay? Because we’re just not that good.
Because you might as well go, you might as well try, they were so good. They should be saying, look at how great we are. Look at how well we did for the president. MAGA investment firm, come move your accounts over here. All right, right, they kicked my ass for crying out loud.
yeah, it’s on the up and up. No, no inside information there. Again, you know, welcome to Chinatown. Forget it, Markowski, forget it.
It’s Chinatown. I admit it. don’t, nothing I can do. Like said, I’ve got to learn to detach from these things. I’m going to alert you to them, but.
I don’t know, we haven’t hit rock bottom yet. I’m saying, I hope we do sooner rather than later. People actually care again about the rule of law and the right thing, in this uniparty, both sides of the aisle.
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And I just don’t understand how people put up with it.
Watchdog on wallstreet.com.
