The Donald Trump Wealth Creation Strategy
How Trump Can Make You Rich in 2017
The message was clear, although the details remain illusive.
Make America great again!
It’s a lovely slogan and one I hope can be turned into reality. But in order to “make America great,” we must first enable ourselves to do the heavy lifting that will be required to accomplish such a lofty goal.
And this, dear reader, is a burden that rests upon the shoulders of those who believe that there is no better catalyst for greatness than a free market.
If this were not the case, the United States wouldn’t be so attractive to all those folks who risk their lives to come to this country in an effort to find a better life.
In the United States, we still have the opportunity to do great and wonderful things. Just ask Duc Phan, who, in the early ’70s, escaped the reach of communist tyrants by stowing away in an empty barrel on an oil tanker headed for Europe, eating only a few limes during the long journey.
He was able to find a safe passage to freedom through a Catholic priest who was ultimately able to reunite him with his wife, who had made it to the U.S. a few years earlier.
Phan left his homeland with nothing more than a few limes and a dream of a better life. And that’s exactly what he found. But it didn’t come easy.
By the time he made it to the United States, he was nearly fluent in English and ready to work, doing the kinds of jobs that no citizen was willing to do. Dirty work. Backbreaking work. The kind of work that only an immigrant is thankful to have.
Of course, it doesn’t stop there.
Over the years, Phan put himself through school. He became a mechanical engineer, ultimately earning enough money to live in a beautiful house and put his son through medical school. And rest assured, you will find no greater advocate of a free market society than Duc Phan.
Catering to Cronyism
While I happily sing the praises of free markets, it would be dishonest to ignore the fact that in the U.S., we don’t actually have a real free market. We have more of an illusion of a free market.
Don’t get me wrong; compared to most countries on Earth, we do enjoy the spoils of what closely resembles a free market. But the truth is, we actually thrive within the confines of crony capitalism operating freely behind the facade of free market capitalism.
Now, I’m not going to get into some big philosophical debate over this. After all, it’s unnecessary. To deny that crony capitalism is alive and well in the United States would be naive. But here’s what I will tell you...
As we embark on our journey into 2017, we must recognize this truism if we want to make 2017 a year filled with wealth and prosperity.
Trump Loves Goldman
During the election, Donald Trump was heavily critical of Clinton’s ties to the Wall Street elite. And rightly so. But the president-elect has since rolled out the red carpet for some of the biggest players on Wall Street.
I don’t say this, by the way, as a criticism. It’s merely an observation of truth. And such an observation should be used as an indicator for investors.
Make no mistake; under a Trump administration, the big banks are going to flourish. I suspect Goldman Sachs (NYSE: GS) is going to have a particularly joyous year, as Trump has been eager to pilfer the pool of former Goldman employees, hiring such heavy hitters as Steven Mnuchin (nominated for Treasury Secretary), Stephen Bannon (Chief Strategist), and Gary Cohn (Chief Economic Policy Advisor).
This one ain’t rocket science.
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Trump Loves Fossil Fuels
Donald Trump also loves Big Oil and King Coal, but be careful on this one.
No matter how much Trump tweets about helping out all those unemployed coalminers, he simply cannot battle the basic fundamentals of supply and demand. Dirt-cheap natural gas — not overzealous tree huggers in the Obama administration — has limited coal’s ability to ever return to its throne.
And while Trump has also invited Big Oil’s top brass to feast at his table, making it easier for oil companies to operate by rolling back regulatory controls won’t change the fact that the world is awash in oil, and the future of transportation will not be dependent upon the internal combustion engine.
It should also be noted that despite Obama’s recent decision to ban oil drilling in large areas of the Atlantic and Arctic Oceans, he was never particularly hostile (at least behind closed doors) to the Big Oil machine.
Of course, nothing is set in stone.
With the president-elect, anything can happen.
The truth is, we really have no idea how Donald Trump is going to deliver on all the promises he made last year. So with that being said, the best advice I can offer is this...
Embrace the principles of a real free market, but don’t let the realities of cronyism deny you the opportunity to make a few bucks.
While I have little faith in the promise of a “Great America” under a Trump administration, I have plenty of faith in our individual abilities to create wealth and prosperity. Because rest assured, wealth and prosperity can never be created by the government; they can only be created by you.
And if you’re looking for a way to get started — without relying on the actions or inactions of Donald Trump — click here now. Because Trump can’t make you rich. Only you can do that.
To a new way of life and a new generation of wealth...
@JeffSiegel on Twitter
Jeff is the founder and managing editor of Green Chip Stocks, a private investment community that capitalizes on opportunities in alternative energy, organic food markets, legal cannabis, and socially-responsible investing. He has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling book, Investing in Renewable Energy: Making Money on Green Chip Stocks. For more on Jeff, go to his editor's page.