Why Trump 'Got Out' of the Stock Market
Republican presidential nominee Donald Trump says heâ€™s never been a big investor, but when it comes to putting his money in U.S. stocks he told the FOX Business Networkâ€™s Stuart Varney, â€œI donâ€™t like a lot of things that I see.â€
â€œI did invest and I got out and it was actually very good timing,â€ he said.
Trump expanded on why heâ€™s skeptical of investing in the markets.
â€œI donâ€™t like a lot of the signs that Iâ€™m seeing. I donâ€™t like whatâ€™s happening with immigration policies. I donâ€™t like the fact that we are moving tremendous numbers of people from Syria --are coming into this country and we donâ€™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,â€ he said.
He added: â€œThe only reason the stock market is where it is, is because you get free money.â€
When asked about how a Trump presidency would affect the stock market, the real estate tycoon said â€œitâ€™s going to go great.â€
â€œWe are going to spur a lot of things. I built tremendous wealth for myselfâ€¦ But I built tremendous companies with some of the greatest assets in the worldâ€¦ I have very, very low debt. You know, Iâ€™ve had it both ways. I love debt, Iâ€™ve always loved leverage and debt, but as you get older you donâ€™t like it as much,â€ he said.