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> Trump, COVID, Russia have erased years of investment gains. I really, really, really hate to defend Mr. Trump, but on his first day of office the Vanguard to
by eadmund 5y ago
> Trump, COVID, Russia have erased years of investment gains.
I really, really, really hate to defend Mr. Trump, but on his first day of office the Vanguard total stock market index closed at $116.91; on his last day of office it closed at $198.86, a 70.01% increase (14.19% annualised). There are numerous reasons to criticise the former president, but the performance of the stock market during his tenure does not appear to be one of them.
- v-erne 5y agoIf You only care for short term, then sure, You can try to use this argument, but in long term the division that his irresponsible political strategy fueled can only end bad for whole economy (who said there cannot be another civil war? last time I checked most people believed that war in Europe is impossible).
- Handytinge 5y agoThose theoretical futures are possible (although less likely each day he's been out of office), however they're not relevant to the discussion at hand, which is that Trump did not erase years of investment gains, but actually did the opposite.