If you listened to debates in Congress in 2024, the Democrats often said to the Republicans have you gone to Mar-a-Largo to see Mr. Trump. This was a valid comment because Mr. Trump was the Republican nominee, but he had not won. Then the election was held, and it has been a tidal wave of people going to see then President-elect Trump at Mar-a-Lago.
Mr. Trump’s days include meeting with people in the day, going golf in the afternoon and attending dinner functions in the evening.
In an article by Adriana Gomez Licon and Michelle Price of the Associated Press, sightings of those turning up offer a glimpse into the workings of Mr. Trump’ incoming White House and how he is setting priorities for office.
The fee to belong to Mar-a-Lago is about $200,000 with $14,000 in annual dues. It stands to reason the vast majority of the people who belong are the 1% or companies paying the fee. It is also a place where people go to get a job or seek favors from the new administration. Essentially it is the place to be.
Elon Musk has been living in the area and is reported considering buying a penthouse condo nearby for $100 million. All the big tech companies known as the Magnificent 7 CEOs have been seen – Mark Zukerberg of Meta or Facebook; Tim Cook of Apple; Sergey Brin and Sundar Pichai of Alphabet or Google; Jeff Bezos of Amazon and Bill Gates of Microsoft.
Various world leaders have dropped in for dinner including Mexican President Claudia Sheinbaum; Canadian Prime Minister Justin Trudeau; Sara Netanyahu, wife of Israel Prime Minister Benjamin Netanyahu; Argentine President Javier Milei and Akie Abe, widow of Japanese Prime Minister Shinzo Abe.
In addition, many CEOs of Fortune 500 companies including all the bankers have been in Florida.
Linking to dividend paying stocks, in the world of corporate public relations, people go to be seen but they also go to ensure their agenda is taken care of. Part of the agenda is to ensure the government does as little wrong as possible, in the eyes of the CEO. For the investments you own, has your CEO been to Mar-a-Largo?
There are more questions than answers, till the next time – to raising questions.