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The minute Trump sells even a single one of his stocks, it's over. The price will be $0 in minutes. The only ones that are left are the ones that are betting that he'll win in November and send the stocks soaring. If Trump even signals that he's looking to cash out, the investors will trample over his fat ass to make sure they get out before he does.
Unfortunately apparently a bunch of people holding vanguard ETFs will also be holding the bag since that stock got so high at one point vanguard picked it up...
Sad vanguard user noises... :(
Do you know which Vanguard funds? I have some $VOOG and $DJT doesn’t show anywhere in the holdings as far as I can see: https://www.zacks.com/funds/etf/VOOG/holding
I don't unfortunately. I hope I'm not blindly spreading misinformation but it was a comment from another user who was pushing back on the idea that vanguard supports Trump in any way. They were saying it was essentially what I said, just picked up by vanguard as it hit some high mark.
No worries. Personally based on my experiences, Vanguard funds are pretty well managed and even the riskiest funds wouldn’t be over indexed on a given stock.
For instance, with $VOOG, only three out of the over two hundred holdings are over 10% by weight. Companies like Amazon, Meta, and Google didn’t even make the cut for 10%. Even if $DJT was included in a Vanguard fund, I would be surprised if the shares of that fund moved significantly in response to $DJT losing value.
Obligatory: I am not a licensed financial adviser, this comment is my opinion and should not be considered financial advice.
It mainly impacts things like indice funds that automatically pickup stocks when they hit certain metrics.
https://finance.yahoo.com/news/djt-stock-might-become-etf-234500621.html
This was back in June, but VMFO held it. I don't know about now.