Tired of Trump and lies: Poul sells his American shares for more than one million crowns

Businessman Sells American Shares for Over a Million Dollars in Protest

Poul Offersen's post about dropping investments in the US and supporting Europe has gone viral.

Poul Offersen is the chairman of Odsherred Business Forum. In protest, the entrepreneur is selling his American shares. (Photo: © Private photo) 7 minutes ago

"Enough is enough! Ørsted, Greenland, Ukraine, collaboration. Everyone can see that it's completely crazy!"

So begins the post by entrepreneur Poul Offersen from Odsherred on Facebook. With artificial intelligence, he has created a photo of Donald Trump, who in his hand holds a sign that says SELL, while the president presses a button on a machine, where stocks and dollars tumble out.

And indeed, Poul Offersen is in the process of selling his shares. The entrepreneur previously owned a company that sold headsets and has millions of dollars in the bank.

But it's time to be done with the American shares, he says, and informs that he has so far sold around 1.2 million dollars worth of American shares, and "there's still another half million more to go."

Poul Offersen is tired of Trump making investments uncertain, where Ørsted's large windmill parks suddenly come to a halt. He also misses honesty from the US president.

- Speak the truth and from facts. Stop talking from feelings. Trump wants Greenland based on feelings. There is no argumentation or substance for why.

Poul Offersen's appeal has spread quickly on Facebook and LinkedIn. On Facebook, he has so far received 107,764 views, and on LinkedIn, his post has been viewed 51,671 times.

- I've never experienced anything like this. I've hit something that others also think, he laughs.

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Investment Fund Makes Europe Stronger

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Poul Offersen writes in his appeal that we need our own capital to invest in infrastructure, software development, and weapons, now that trust in the US is no longer present.

The idea is not his alone.

In June, Nordea fund created: 'Empower Europe'. At the time, their portfolio manager wrote that Europe has been sleeping for 30 years:

- Today we know that the last 30 years since the fall of the Berlin Wall have been a time capsule built on trust, hope, and love. For the world we have finally woken up to, is a completely different one. With a scary dependence on Russia, China, and the US, who are acting far from European values, we must take matters into our own hands and find our own identity. Otherwise, we risk losing the welfare state and standard of living we are familiar with, wrote René Møller Petersen from Nordea.

Such was the message in June. Today, Danes have invested nearly a billion dollars in the fund.

- Danes want to invest in something that makes sense. It makes sense to invest in companies that can secure Europe, secure energy supply, defense, or production, says Josephine Cetti, who is chief strategist at Nordea.

Although there is interest in European stocks, neither Nordea, Saxo Bank, or Danish Shareholders' Association see signs that shareholders in large numbers are abandoning investing in the US.

However, Danske Invest observes a pattern when it comes to investments in American and European stocks. There is not the same marked interest in pursuing a strategy only with American stocks and obligations. On the contrary, there is increasing interest in European and global investment funds.

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Stupid or Smart to Sell American Shares

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On Facebook and LinkedIn, Poul Offersen has received the most positive comments on the way to his message about selling American shares.

But there are also comments that go on about the lack of alternatives, while a user who calls himself Benny Thomsen writes:

- Worse investments, your choice!

Poul Offersen has chosen not to respond to that comment.

- I don't know anything about that. In a year, I'll know if it was a good or bad decision. I don't think I'll lose money, but it could well be that the gain won't be as big.

Some comments on Facebook encourage a complete boycott of the US, but Poul Offersen distances himself. There are good Americans and good products, but it has been good for the stomach and conscience to sell out.

Perhaps he will buy American shares again, if common sense and honesty return, he says.

With artificial intelligence, Poul Offersen has created this image, which he has shared along with his post on Facebook and LinkedIn. (Photo: © AI-generated)

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Warning: This article was translated by a Large Language Model, in case of doubt, you can always visit the original source.