Besides Elon Musk, who may benefit the most from the Second Coming of Trump? You never saw this coming.
November 18, 2024
Who will benefit the most from the Second Coming of Trump?
Puerto Rico and Puerto Ricans could benefit the most from the Second Coming of Trump. Puerto Rico is the biggest and most important U.S. territory in the world. Puerto Rico is a billionaire U.S. territory in the sense that it has an annual gross domestic product (GDP) of about $120 billion. That is about $200 billion less than Elon Musk's ever increasing fortune from Government contracts and subsidies, but it is something. As factories relocate to U.S. soil and and as employers nationwide look Americans to replace illegal aliens with U.S. citizens, Puerto Rico and Puerto Ricans should stand to benefit the most.
Puerto Rico's economy is strong and robust for a colonial territory, but is very weak and small in comparison to any of the 50 states. Puerto Ricans are highly skilled and well educated people who can afford to work for lower wages than other Americans.
These factors should work as the perfect storm in a positive way for Puerto Rico. If you are looking for potential ways to invest in Puerto Rico before a potential economic boom associated with the Second Coming of Trump, a stock to consider would be Banco Popular (ticker: BPOP).
Now you know it.
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