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(Marketwatch)   For all you Real American investors out there, a new robo-ETF with ticker symbol MAGA is set to begin trading with the low, low expense ratio of 0.72%. Don't miss out on this once in a lifetime opportunity. Call now   ( marketwatch.com) divider line
    More: Murica, Point Bridge, Political action committee, President of the United States, Republican Party, Index fund, Republican Party committees, National Republican Senatorial, Republican candidates  
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2151 clicks; posted to Business » on 01 Sep 2017 at 4:20 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



40 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-09-01 03:47:05 PM  
How dumb do you think I am?
 
2017-09-01 04:16:35 PM  
Look at that! Another way to grift!
 
2017-09-01 04:23:32 PM  
img.fark.net
 
2017-09-01 04:24:15 PM  
I want a bank to create an instrument that lets me short it to hell.
 
2017-09-01 04:24:37 PM  
If you don't know by now that investing in Trump is a bad idea, I don't know if you'll ever learn.
 
2017-09-01 04:25:13 PM  
Is this even legal?
 
2017-09-01 04:26:02 PM  

hammettman: I want a bank to create an instrument that lets me short it to hell.


It's an ETF so you should be able to short it like any other stock provided your broker can get their hands on spare shares.
 
2017-09-01 04:26:43 PM  
Incidentally, "sell Mortimer" works with or without the comma.
 
2017-09-01 04:28:24 PM  
It's a revolutionary redux of Televangelism.  Someone will make money, but not the investors.
 
2017-09-01 04:28:32 PM  
So we should short these EFTs around the time Congress starts trying to pass: a budget; Debt Limit increase; increased military spending, tax "reform"; and Harvey the Hurricane funding?
 
2017-09-01 04:29:10 PM  
and... it's gone
 
2017-09-01 04:31:21 PM  

Smoking GNU: Is this even legal?


i.ytimg.com
 
2017-09-01 04:31:37 PM  
I'm not a stock-market-talkin'-guy so feel free to tell me I'm dumb, but isn't this basically just like a large cap fund that has a bias away from tech and towards energy.
 
2017-09-01 04:31:38 PM  
I think that I'll stick with Warren Buffet, thanks.

/ not to mention that Charlie Munger is the ultimate straight line guy
 
2017-09-01 04:32:48 PM  
So now my more stupid friends will be able to put their money where their mouth is.  Cool. I hope they invest heavily.
 
2017-09-01 04:33:28 PM  
Because when I think sound investment opportunities I think etfs based on the rolling definition of what conservative means at a time when the potential for complete political collapse is at an all time high.  Which means it'll triple in value annually and pay out massive dividends and I'll still be poor because nothing matters and god has forsaken us.
 
2017-09-01 04:33:40 PM  
the premium over the asset value probably would be pretty high as all the idiots try to outdo themselves to prove how loyal they are to their dear leader
 
2017-09-01 04:33:40 PM  
Something something fools something something money.

/ MAke Grifting Agreeable
 
2017-09-01 04:35:51 PM  

hammettman: I want a bank to create an instrument that lets me short it to hell.


img.fark.net
 
2017-09-01 04:36:42 PM  
There's a minimum investment required -- 50,000 rubles.
 
2017-09-01 04:41:25 PM  
No thanks. I'm not interested in going bankrupt FIVE TIMES.
 
2017-09-01 04:43:40 PM  
I'm sure they have most reputable of business practices.

The Sopranos - Matthew and Sean beat up a stock broker
Youtube YLnmagiYVIk
 
2017-09-01 04:48:45 PM  
Wow.
I guess I'm a dinosaur, but things sure have gotten weird over my lifetime.
Never thought I'd see a "invest in your party" scheme other than donations...

I'm not sure this is a good thing, but I'll giggle when it collapses! Let's face it, it will, due to grift, graft, embezzlement, insider trading, skullduggery, public restroom gay sex while married, money laundering, racketeering, illegal gambling, horse racing, opiate addiction, insurance fraud, building without a permit, buffoonery, tax evasion, removal of mattress labels and just generally being a twat.
It's what they do, said the scorpion.
 
2017-09-01 04:48:57 PM  
Sigh.  For every dollar, there's a whore.

Should I short it?
 
2017-09-01 04:49:55 PM  

Smoking GNU: Is this even legal?


You know, when I read stuff like this on Fark, I seriously wonder if most of you aren't just moronic whining cretins.
 
2017-09-01 04:54:33 PM  

Shazam999: Smoking GNU: Is this even legal?

You know, when I read stuff like this on Fark, I seriously wonder if most of you aren't just moronic whining cretins.


*eyeroll*

Yeah, ok there, buddy. *pats head*
 
2017-09-01 04:56:41 PM  

Percise1: Wow.
I guess I'm a dinosaur, but things sure have gotten weird over my lifetime.
Never thought I'd see a "invest in your party" scheme other than donations...

I'm not sure this is a good thing, but I'll giggle when it collapses! Let's face it, it will, due to grift, graft, embezzlement, insider trading, skullduggery, public restroom gay sex while married, money laundering, racketeering, illegal gambling, horse racing, opiate addiction, insurance fraud, building without a permit, buffoonery, tax evasion, removal of mattress labels and just generally being a twat.
It's what they do, said the scorpion.


You're not investing in the party, you're investing in companies who happen to have invested in the party.  It's just another gimmick fund.  You might as well have a "Ticker symbols that end in J" fund.
 
2017-09-01 05:22:03 PM  

MattytheMouse: If you don't know by now that investing in Trump is a bad idea, I don't know if you'll ever learn.


What? I was just having a Trump steak and I chipped a tooth.
 
2017-09-01 05:23:21 PM  
Most of the companies on the list donate to the democrats as well. Washington is wholly owned by corporations.
 
2017-09-01 05:34:29 PM  

Smoking GNU: Is this even legal?


In what possible way could this not be legal?
All of these are publicly traded companies, their donations to campaigns will be public record, and probably also reflected in their annual reports.

Probably many of their companies gave large amounts to Democratic campaigns as well, so no matter who wins it's someone who received a bribe, I mean a campaign contribution.

0.72% is absurdly high, and isn't that the year Nixon resigned?  I think someone is trolling the Trumpsters and making good money at it.
 
2017-09-01 05:48:03 PM  
The filing didn't say what securities would be held in the fund, instead directing individuals to the website "www.investpolitically.com", where it said daily portfolio holdings would be available.

So they are keeping holdings a secret unless you sign up to their website.  Sounds like a scam built around getting ad revenue from site visits.

I'd imagine their holdings would be standard safe large and mid cap companies

McDonalds
Chick-fil-a
Comcast
Camping World
etc

Basically any company that sponsors Fox News or Nascar which is pretty much every large company.

I notice that they article specified Republican donors, but does not specify US based companies.  So I wouldn't be surprised to see Alibaba and Tencent in their holdings as well should they ever get released.
 
2017-09-01 06:41:12 PM  
The fund consists of Russian bonds, Bed Bath & Beyond stock, and 3M's hydophobic experimental lab notes
 
2017-09-01 08:04:56 PM  

Julius Pleaseher: I'm sure they have most reputable of business practices.

[iFrame https://www.youtube.com/embed/YLnmagiYVIk?start=80 - 480x270]


I watched The Sopranos front to back a year ago or so and it's really interesting to watch how it had to react to stuff like the stock market crash, 9/11, and billy bass.
 
2017-09-01 08:18:36 PM  
Looking at the photo in TFA, I see the actor who played Jabba the Hut has aged well.
 
2017-09-01 08:21:34 PM  

ArkPanda: Percise1: Wow.
I guess I'm a dinosaur, but things sure have gotten weird over my lifetime.
Never thought I'd see a "invest in your party" scheme other than donations...

I'm not sure this is a good thing, but I'll giggle when it collapses! Let's face it, it will, due to grift, graft, embezzlement, insider trading, skullduggery, public restroom gay sex while married, money laundering, racketeering, illegal gambling, horse racing, opiate addiction, insurance fraud, building without a permit, buffoonery, tax evasion, removal of mattress labels and just generally being a twat.
It's what they do, said the scorpion.

You're not investing in the party, you're investing in companies who happen to have invested in the party.  It's just another gimmick fund.  You might as well have a "Ticker symbols that end in J" fund.


Isn't it really though, just a step removed?
 
2017-09-01 08:28:00 PM  
So...it's betting that buying political influence is good for business?

Yeah, that's probably not a bad bet. Especially under the current administration.
 
2017-09-01 09:20:00 PM  
I am sooooo tempted to buy shares of this for Trumpers in my family for Christmas.  I have this delightful mental image of them checking the stock ticker every day and being crushed yet anew that somehow MAGA is trading lower than the day before.
 
2017-09-01 10:24:17 PM  

bibli0phile: I am sooooo tempted to buy shares of this for Trumpers in my family for Christmas.  I have this delightful mental image of them checking the stock ticker every day and being crushed yet anew that somehow MAGA is trading lower than the day before.


Just tell them about it. It would be more funny if they used their own money to buy it.
 
2017-09-01 11:47:00 PM  
Wouldn't surprise me if the Trump Organization has a bunch of shares.
 
2017-09-02 06:08:40 PM  

MattytheMouse: If you don't know by now that investing in Trump is a bad idea, I don't know if you'll ever learn.


You can make up for it in volume, but the liberals wont allow it.
 
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