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When President Trump or another celeb buys a stock, here is the one investing rule to follow
Key takeaways
- You don't know why he bought it," Portfolio Wealth Advisors chief investment officer Lee Munson said on Yahoo Finance's Opening Bid (video above).
- "And remember, you never know when they're going to sell that stock.
- Weeks after President Trump bought the shares, Immigration and Customs Enforcement sought out a $220-million Taser deal with Axon.
When President Trump or another celeb buys a stock, here is the one investing rule to follow Brian Sozzi · Executive Editor Tue, June 30, 2026 at 11:37 PM GMT+7 2 min read AXON When the prez hits the buy button on a stock, it's best to zoom out and keep things in perspective.
"I think it's an idea generator. Do not confuse this purchase with conviction. You don't know why he bought it," Portfolio Wealth Advisors chief investment officer Lee Munson said on Yahoo Finance's Opening Bid (video above).
"And remember, you never know when they're going to sell that stock. And so you have to do your own research because you can't coattail. You maybe can on the entry point, but you never know about the exit."
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