Monday, June 6, 2016

Trump business practices not good for the country!

In the last 30 years no major U.S. Corporation has filed for bankruptcy more than Trump's organization. 4 times companies under his brand / control filed for bankruptcy. No if the Trump organization were a publicly held company and not a privately held one Trump most likely Trump would have been removed as CEO. No board of directors would allow such failure.
The Trump Organization was not founded by Trump's grandmother and his father. So Trump had more than a loan from his dad to start he had the whole family business. Note too that the bankruptcies occurred on The Donald's watch.
We can not risk the government and our economy by letting a person who's track record includes 4 bankruptcies. It is one thing to suffer a business setback because of a down turn in a sector of the economy but to suffer 4 is indicative of a bad business model.
Trump can argue that bankruptcy is a common business practice but no business wants to go into bankruptcy once let alone multiple times it tends to make stock investors nervous. Trump had his Organization to fall back on because it is privately held by his family.
Oh if you want to make money using his programs then you better have millions to try. If you already have millions you would be better off having a diversified investment portfolio.
I know the saying is "You have to spend money to make money " but I have never met a financial planner ever recommend using your credit cards for investment purposes. The only people that I have heard saying to use credit cards for capital are the "get rich quick" real estate or other investment seminars. There is quite a difference from a corporation taking out a loan for an investment and a person using credit cards. The company will research and evaluate the risk and gains plus they will negotiate reasonable terms for the loan, a person using credit cards is really gambling with money that has a higher interest to payback. No in the old days a person could file for bankruptcy protection if things went bad and not have to pay off most debts but there credit is shot for a bit but laws have changed and you will still have to pay off a restructured debt plus lose your investment or sell it at a high loss.
Seeing how Trump's investment classes operated recommending the use of Credit cards for investment I would not trust that person to manage a lemonade stand.
Now some one may say "your poor while he is rich so he must know better". True, he is rich. It is true I am not. Here is something else that separates us. Trump's parents were rich, mine were not. Here is something else, Trump avoided the draft to work at his family business. I joined the Navy and served my country.

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