Trump’s #1 Fan, Financial Literacy & Rubio’s Brilliance - Top 3 Takeaways, January 29th, 2026
Takeaway #1: Trump Accounts gain steam
No, the Bank of Trump isn’t a thing. But as entrepreneurial as the Trump family is it wouldn’t be a surprise if it came to be... Anyway, on Wednesday President Trump’s rollout tour for his soon-to-be Trump accounts, which will become a thing on our country’s 250th anniversary (the Trump accounts go live on July 4th), marked several related milestones showing momentum behind the latest Trump invention. As President Trump promoted his plan, which aims to help young families save for their children’s future, came the news that already a half million parents have signed up for the accounts with thousands more rolling in by the day. For those who aren’t aware, starting on July 4th the Treasury will populate a “Trump Account” with $1,000 for every baby born in the US between January 1st of 2025, and December 31st of 2028 whose legal parents have signed up for a Trump Account with the IRS. The tax advantaged savings accounts will allow families to invest in a range of options like a typical brokerage account and will allow parents to contribute up to $5,000 of tax advantaged money into those accounts for their children each year. The impact could be huge...consider this... If a parent were to simply invest that $1,000 in say the S&P 500 at a typical rate of return (10.1%), their child would have $6,113 at the age of 18. Not bad for something your child received for free. If a parent were to contribute to the maximum of $5,000 per year – that number would grow to $235,929 by 18! That’s definitely a massive head start on the American dream – plus recipients could keep the accounts without withdrawing anything – allowing it to continue compounding. Aside from the inherent benefits for children and their families – I have little doubt that this will also contribute heavily to financial literacy and education. And I believe that will be true for children but also for their parents too. As I’ve long said the greatest wealth creation machine in the history of the world is the United States stock market...and that remains true. But the biggest issue is not enough people knowing at a young enough age, how to invest and what they should do. By watching and tracking investments in Trump accounts I believe this will prove to be transformational for all involved too. Most recently only 49% of adults are financially literate. Many experts haven’t known what to do to help that number improve. I believe President Trump has figured that one out too. But I did mention that they’d gained steam so about that...
Takeaway #2: Trump’s #1 fan
On hand with President Trump for the Trump Account event was non-other than his number one fan. And while you may have thought that person was you – nope, it’s also not the First Lady or his kids but rather it’s rapper Nicki Minaj who’s backing Trump best. And she didn’t just do it with words, though she did have this to say: I am probably the president's No. 1 fan, and that's not going to change. The hate — or what people have to say — it does not affect me at all. It actually motivates me to support him more. And it's going to motivate all of us to support him more. But what she also said and pledged was up to $300,000 in matching funds for the Trump Accounts taken out by her fans. And Minaj wasn’t the only one pledging matching funds for Trump Accounts on Wednesday... JP Morgan Chase, Bank of America and Steak & Shake became the latest corporate entities to say they’d match the $1,000 Treasury donations...not of their customers (so temper your enthusiasm a bit) but for their employees. They’ve joined corporate giants like Blackrock, DELL, Mastercard, VISA and Uber which have already announced they’re in on supporting the Trump accounts too. This is a somewhat simple but likely transformational thing that will be paying it forward with impacts for generations to come. Speaking of transformational things...
Takeaway #3: What’s in the seas
Something big is brewing with Iran. As President Trump said on Wednesday “a massive armada” is on its way towards Iran. As we saw with Venezuela that buildup wasn’t just for drill. The president warned Iran to make a deal or “the next one would be much worse”. Presumably he means what the U.S. did in making Maduro and his wife go missing. Also, of potential related significance...given that Iran isn’t just Iran but that is also aligned with China and Russia and North Korea – with Little Rocket Man – among others (but not Venezuela any longer...). On Wednesday Russian President Putin said that he was ready to meet with Ukrainian President Zelenskyy under one condition... That Zelenskyy comes to Moscow to meet him. That’s probably unlikely... But in additional related news it does appear likely that there could be a three-way conversation between President Trump, Putin and Zelenskyy on Sunday. That does have the potential to be a big deal. In still more related news... Marco Rubio was brilliant on Capital Hill before the Senate Foreign Relations Committee on Wednesday and has the perfect temperament and credibility to balance President Trump’s unpredictability. It’s a perfect balance. He’s without a doubt the best Secretary of State that I’ve ever seen.