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‘I thought I was very much going to be winning’: Here’s why Trump says he dumped all of his stocks in June

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After being chosen as Time’s Person of the Year, President-elect Donald Trump went on the “Today” show to talk about the selection.

During his interview with “Today” host Matt Lauer, Trump was asked why he decided to sell out of all of his stockholdings in June. Trump said he did not own much stock — the most recent filings from Trump estimated his holdings at $40 million in December 2015 — and sold because of his outlook for the market.

“Well I’ve never been a very big person for the stock market frankly,” Trump said. “But, over the years I bought stock and I bought them when they were low, and I saw what was going on with interest rates and it seemed like it was very easy to predict what was going to happen.” – READ MORE

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