Donald Trump quickly lost millions selling tech stocks

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Former President Donald Trump claims to be a smart investor and businessman. However, his tax returns show that he sold shares of Apple and Microsoft too early and lost millions of dollars.

According to their 2017 tax returns, Trump and his wife, Melania, sold shares in six companies in early 2017, including tech giants Apple and Microsoft.

As the charts below show, after 2017, both tech stocks rose sharply and peaked in 2021-22. Although the prices of both companies have fallen recently, both are well above what the Trumps were selling for.

Both tech stocks were bought by the Trumps in October 2013 and both have seen significant gains. Apple stock was bought for $481,505 and sold for $833,118, or $351,613, a gain of 73%. Microsoft shares were bought for $248,867, sold for $464,558 in 2017, and the Trumps earned $215,691, an 87% gain.

However, both stakes would have been much higher had they persevered.

A $481,500 investment in Apple stock in 2013 is now worth $4,150,000, or a total profit of $3,669,000. If Trump owns his Microsoft shares, they are now worth less than $2 million.

Trumps sold today would have made more than $5 million.

This does not take into account the peak prices of the two stocks. The Trumps could sell Apple shares for about $5.1 million in early January 2022 and Microsoft shares for $2.5 million in November 2021, for a potential profit of more than $7 million after dividends are taken. accounting.

Former US President Donald Trump and former first lady Melania Trump arrive for a New Year’s Eve party at their Mar-a-Lago home in Palm Beach, Florida on December 31, 2022. Tax returns show the Trumps missed out on millions selling Apple and Microsoft shares in 2017.
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Trump’s tax returns

Chamber of representatives Methods and Tools Committee At the end of 2022, it released six years of the former president’s tax returns, prompting further separation of Trump’s financial affairs. Tax returns showed Joe Biden paid $4.1 million more in federal taxes than Trump over six years, and records showed Trump had several foreign bank accounts during his time in the White House.

in a statement sent Newsweek and in a posting on his campaign website, Trump warned that House Democrats “should never release” the tax filings and that the US Supreme Court “should never approve it.”

The statement continued: “Trump’s tax returns show once again how proud I am of success.”

2017 document (in the set “Appendix E”, file Form 1040 2017-1.pdf), the joint personal tax returns of Donald Trump and Melania Trump show that the Trumps sold their stakes in seven companies, most of which were purchased in 2013 and sold in 2017.

The stock’s net return over these 4 years was $642,000 on an initial investment of $1.36 million, a 47% return. By comparison, the S&P 500 is up about 32% over the same period.

Trump announced the sale of his Apple holdings in 2014, saying on Twitter:

“I predicted a fall in Apple stock based on their refusal to opt for a larger iPhone screen like Samsung. I sold my Apple shares”

However, tax returns released by the committee show no evidence that Apple shares were sold in 2014. A 2017 tax return shows the Trumps didn’t sell until January 2017.

Tech news website CNET reported in 2016 that Trump owns “millions” of Apple stock, according to a financial disclosure document Trump filed before the 2016 election. Between $500,000 and $1 million, that’s according to your 2017 tax return.

Newsweek Trump’s office was reached for comment but did not receive a response by the time of publication.

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