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Stocks: APC, CHK, CVI

Carl Icahn's Investments Just Got a Presidential Boost

By Stark Merrifield, Associate Editor, Money Morning • February 8, 2017

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Carl Icahn’s InvestmentsOn Thursday, Dec. 22, 2016, Carl Icahn made more money in the stock market than anyone else in the world.

The S&P 500 fell 0.19% that day, and the Dow fell 0.12%, while Carl Icahn's investments gained him a staggering $510 million. That's more than any investor, anywhere, according to Forbes.

The gain pushed Icahn's holdings through Icahn Enterprises up 8%, meaning his $6.9 billion stake went to $7.3 billion.

This one-day boost, more than many people make in a lifetime, stems from the news that Icahn will hold a new, cozy role in the Trump administration. On Dec. 21, then President-elect Donald Trump's transition team named Carl Icahn as a "special adviser" for regulatory reform.

Trump reportedly wants Icahn to use his business pedigree to help the president roll back regulations on U.S. industries and business.

This position is not an official government job; Icahn is not considered to be a federal employee. Icahn won't get paid and won't have to give up his current business dealings.

But it has prompted a lot of questions as to whether or not it's ethical for Icahn to influence regulation and policy, when he has the potential to make billions of dollars on these changes.

"If Carl Icahn is competent, he will make an enormous amount of money from this role. It is outrageous to have people making big financial bets in markets while enjoying unique, early access to policy-making intelligence," Revolving Door Project's Jeff Hauser told Politico's "Morning Money."

Icahn's response to this "conflict of interest": "It's almost ridiculous to say, I'm going to give my opinion to Donald, but I shouldn't own stock. It's like, to me, crazy."

Here's just how much Icahn stands to gain in this historically unusual - but incredibly profitable - position of power...

Icahn's Amazing Position of Influence in Trump's White House

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

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