Republican presidential nominee Donald Trump says he’s never been a big investor, but when it comes to putting his money in U.S. stocks he told the FOX Business Network’s Stuart Varney, “I don’t like a lot of things that I see.”
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“I did invest and I got out and it was actually very good timing,” he said.
Trump expanded on why he’s skeptical of investing in the markets.
“I don’t like a lot of the signs that I’m seeing. I don’t like what’s happening with immigration policies. I don’t like the fact that we are moving tremendous numbers of people from Syria --are coming into this country and we don’t even know it... Interest rates are artificially low. If interest rates ever seek a natural level, which obviously they would be much higher than they are right now -- you have some very scary scenarios out there,” he said.
He added: “The only reason the stock market is where it is, is because you get free money.”
When asked about how a Trump presidency would affect the stock market, the real estate tycoon said “it’s going to go great.”
“We are going to spur a lot of things. I built tremendous wealth for myself… But I built tremendous companies with some of the greatest assets in the world… I have very, very low debt. You know, I’ve had it both ways. I love debt, I’ve always loved leverage and debt, but as you get older you don’t like it as much,” he said.