That would be about a day traders worth of time.. probably 4-5+ hours/day depending on variable factors. It's definitely an aggressive trading strategy and not something I can see a "super busy president who looks out for his people" able to accomplish normally.

anon_8675309@lemmy.world · 8 pts · 48d

Trump himself isn’t doing the trading.

ricecake@sh.itjust.works · 7 pts · 48d

To make the trade? Not actually that long. Planning and evaluating take longer, but he's inevitably not the one pushing the buttons or making the plan, which is also not something that needs to be done for each one.

It takes me longer to move money between my checking and savings accounts.

The concerning thing isn't the time investment, it's the active nature of financial involvement in a situation where there's a major conflict of interest.
Stock trading isn't automatically problematic for an elected official, but it's very easy to produce the appearance or actuality of improper conduct.
The safest route is to turn control over to a third party who doesn't know who they're managing.

fizzle@quokk.au · 16 pts · 48d (2 replies)

Yeah well, he's such a high level business genius its natural that he increased his net wealth by $2b a year while president. the real question is how he managed to not make any money in the first 79 years of his life. /s

Soulphite@reddthat.com · 11 pts · 48d

Games are easier with cheat codes.

Thebeardedsinglemalt@lemmy.world · 4 pts · 48d

Because he's an absolute shitty business person who's entire plan was to send in lawyers who did nothing more than file infinite extensions until the other side ran out of money...and embezzling money from "charities".

NotMyOldRedditName@lemmy.world · 13 pts · 48d (2 replies)

Do professional day traders even make 21,000 in a year? That's 57 trades a day. That's wild.

Edit: 80 if you exclude weekends, even more if you exclude holidays.

zbyte64@awful.systems · 4 pts · 47d

Damn, he trades almost as frequently as he tweets. That's crazy

Knock_Knock_Lemmy_In@lemmy.world · 3 pts · 47d

Assuming 8 hour days, thats a trade every 6 minutes.

SaveTheTuaHawk@lemmy.ca · 11 pts · 47d

The right number is zero.

rothaine@lemmy.zip · 8 pts · 48d (1 reply)

I can envision the Trumper response:

"He had Hunter do the trades FOR him"

Or maybe

"Well obviously! The Biden crime family only does backdoor deals. At least Trump uses the same stock market as everyone else!"

Which one will the right-wing propaganda machine go with, I wonder?

Jarix@lemmy.world · 3 pts · 47d

Why not both?

CharlesDarwin@lemmy.world · 7 pts · 48d

In magamath, 13=21,000. And don't get me started on the bothsiderist geniuses that love to debbie downer everything and build moral equivalencies between the two parties.

I saw some Republican dipshit politician on television waving away the blatant corruption of the Donvict crime family just this very week and then pivoting to Hunter and Joe, FFS. Because, hey, Donvict is being transparent about it argle bargle something something Hunter and Joe covered it up.

🤣

altphoto@lemmy.today · 4 pts · 48d (1 reply)

It's ok the guy has dementia....he doesn't realize that he's basically closer to the eternal life than most of us. Can't take anything with you. Not even clothes.

If I was the guy, I would spend my money on happiness.

luciferofastora@feddit.org · 2 pts · 47d

I doubt there are many forms of happiness left for him that money can't buy. All he wants is supremacy and control.

I think at this point it's fair to assume that whatever mental faculties he had are getting away from him. His bowels sure are. The Iran stunt didn't go as he wanted to. I'm sure you can find plenty more examples.

For all that he might cover it up, some part of him knows all these things. He'll cover it up, try to bury it in delusion, refuse to acknowledge it, but I can tell you from experience that that doesn't make the nagging doubt and frustration go away. So long as he can't accept his limits, he will never be happy.

Getting old can be bad enough for the sane and well-adjusted, and he is neither. I hope that you reach old age much happier, healthier and wiser.

Doomsider@lemmy.world · 1 pts · 46d

It is clear he has an entire apparatus of professionals who job is to steal from the public. An administration solely designed to constantly grift as much as possible.

RollyJeho@sh.itjust.works · -1 pts · 47d (4 replies)

So he is a better businessman than a politician or even a person.

Guilvareux@feddit.uk · 4 pts · 47d (3 replies)

Business man? Nah, that’s like saying someone’s “lucky” for playing in a rigged casino.

He’s a great fraud.

RollyJeho@sh.itjust.works · -1 pts · 47d (2 replies)

Hmm... If frauds can help your business despite making you a bastard, why can't you then still be classified as a good businessman?

Guilvareux@feddit.uk · 3 pts · 47d (1 reply)

I’d personally argue operating outside of the law disqualifies you from being a good businessman. If I can win a game of chess by moving the pieces when you’re not looking, am I a grandmaster?

Same with business. Using privileges and loopholes that other people don’t have access to is not being good at business.

The same way having your father loan you a million dollars disqualifies you. I can beat Mo Farah if I run a shorter race, who’s the better runner?

RollyJeho@sh.itjust.works · 2 pts · 47d

Okay, makes sense. Then, Trump is only good in making people laugh of him.