On Thursday afternoon, President-elect Trump took aim at yet another car company's plans for foreign production. His latest target, Toyota, revealed plans back in 2015 to build a new manufacturing plant in Guanajuato, Mexico. Trump's tweet about the matter stated, incorrectly, that: "Toyota Motor said it will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax." This comment came just a few hours after the president of Toyota, Akio Toyoda, told The Wall Street Journal that he'd like to work with the Trump administration and that their goals were oriented in the same direction.
The article said that Trump's group had made no comments about Toyoda's statements. Within a few hours, that had changed. By the next day, Toyota's stock had dropped 0.7% before rebounding to open Friday down 0.4%.
Trump's tweet looked familiar and so did the market's reaction. On Tuesday, Trump targeted another auto company: "General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!" Following that threat, GM saw only a small and brief drop in stock price.
On the same day, however, Ford took advantage of the attention to domestic manufacturing and announced that it would cancel plans for its new plant in Mexico, instead focusing the money on its existing efforts in Michigan. Their stock jumped 2.5% after the news.
While Ford celebrated gains from its announcement, other companies had already felt even more severe pain from Trump's social media machine. In December, he tweeted: "The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th." While that won't be proven true until his term officially begins, the company making the fighter jets immediately saw billions of dollars move. Lockheed Martin's stock fell 4% after the tweet and, almost instantly, $3.5 billion disappeared from its value.
With another tweet, announcing that he would cancel the new Boeing Air Force One order, Trump sent Boeing's stock falling 1.5% (it eventually recovered). In fact, the entire defense sector of the S&P 1500 dropped by the same percentage after his F-35 tweet.
It is totally unclear what effects Trump will have on domestic and global markets in the long run, but these instant, short-term bursts of movement triggered by 140-character messages signal a future of volatility for companies interacting with any part of Trump's plans. Whether the consequences are positive or negative for a company's market value, it is apparent that the Trump effect is becoming a strategy that companies will have to learn to play in either direction.He will also be an important factor for investors weighing stock trades and looking for potential buys. The hit to Boeing provided a small buy window that will have already paid off for anyone brave enough to have nabbed it. Investors will have to examine more closely their portfolios' connections to the Trump administration. With such rapid market reactions already evident, Trump's Twitter account is looking like an additional and unprecedented volatility factor for 2017.
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Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.