Donald Trump has bought more than $100m in company, state and municipal bonds since taking office in January, according to new disclosures which shed further light on the vast holdings of the US’s billionaire president. The forms, posted online on Tuesday, show the Republican former real estate mogul made more than 600 financial purchases since 21 January, the day after he was inaugurated for his second term in the White House.
They include corporate bonds from Citigroup, Morgan Stanley and Wells Fargo, as well as Meta, Qualcomm, the Home Depot, T-Mobile USA and UnitedHealth Group.
Other debt purchases include various bonds issued by cities, states, counties and school districts as well as gas districts, and other issuers. The holdings cover sectors that could benefit from US policy shifts under his administration, such as financial deregulation.
A senior White House official said Trump continued to file mandatory disclosures about his investment portfolio but that neither he nor his family had a role in managing or selecting the bonds, which are managed by a third-party financial institution.
“President Trump’s net worth has increased substantially, with much of that concentrated in crypto holdings and Trump Media. Given that, there is no evidence currently that his bond purchases are anything other than a prudent diversification within his billions of dollars in assets,” said John Canavan, lead US analyst at Oxford Economics.
Trump’s annual disclosure form filed in June showed his income from various sources still ultimately accrues to the president – something that has opened him up to accusations of conflicts of interest.

[snip]
According to an article in today's NYT, "The Democratic Party is hemorrhaging voters long before they even go to the polls.
Of the 30 states that track voter registration by political party, Democrats lost ground to Republicans in every single one between the 2020 and 2024 elections — and often by a lot.
That four-year swing toward the Republicans adds up to 4.5 million voters, a deep political hole that could take years for Democrats to climb out from. The stampede away from the Democratic Party is occurring in battleground states, the bluest states and the reddest states, too ..."

My personal belief is that those people were there all along, but until the communications revolution of the internet and streaming video they were relatively isolated, without the ability to easily communicate with others of similar beliefs, and they were essentially isolated into fairly small but unorganized groups.
Now they've found each other, and all hell has broken loose.
Maybe we are in fact simply merely becoming a lot more of what we always really were.

damn
PRPFX has outperformed PRWCX the last 5y, everyone's hard-on here for over that period of time ! --- good on them
otoh FPACX has done quite a bit better than either !
double-damn
otoh2, if I had taken my subpar-investor father's advice in the 1980s and put moneys into FSPTX, period, full stop, and left it alone ($1k to $370k to date since early '80s !!), and then stuck with the identical advice from RWeitz a decade or so later. why, there would never be any need to follow a forum like this or read endlessly endlessly about strategy and balance and conditions so on. Whew.
So ... persistence and patience and faith and initial good choosing mean reclamation of every bloody minute fussing w MFO.
huh, how about that