Note: I would never under any circumstance buy an individual stock - you are competing against individuals, groups and systems that have enormous resources to predict markets and immediately execute trades in milliseconds - it is a fool's folly. i do buy etf's and funds that would hold hundreds of automotive groups and sectors to diversify any risk associated with just one company and hedge a portion of our resources in cd's, fixed income tools etc. prefer to get advice from know reliable, proven entities with enormous research resources at their disposal .. not individual random internet posters. the people i trust manage Yale University trust funds, started Vanguard investments they generally have backgrounds like this "Charles “Charley” D. Ellis (born October 22, 1937) is an American investment consultant. In 1972, Ellis founded Greenwich Associates, an international strategy consulting firm focused on financial institutions. Ellis is known as a leader in promoting the use of diversified passive investing through index funds Ellis was appointed twice to the faculty of the Harvard Business School in 1970 and 1974 and to the Yale School of Management in 1986. At both Harvard and Yale, he taught advanced courses on investment management.[3] Ellis went on to write dozens of books and articles on investing, including: The Partnership: The Making of Goldman Sachs,[8] What It Takes, a study of great professional firms,[2][9] and Rethinking Investing: A Very Short Guide to Very Long-term Investing.[1] Ellis served as a successor trustee of Yale University from 1997 to 2008, where he chaired the university’s investment committee for nine years alongside Chief Investment Officer David Swensen. He received the Yale Medal in 2009 for his service to the University.[10][11] He has served on the board of directors of the Harvard Business School and received the school’s alumni award for lifelong service in 1993.[12]" i would be happy to consider your advice but first please include your resume in a post below....
I missed the last doubling but there was a time limit. Regardless, the solar roof saves a little over $1,000 per year. Bob Wilson
What a crock. Over past 10yrs or so? roughly 2000% increase for Tesla. Thus, why we sold. No company can outperform the market for ever. . Totally slaughtering Toyota stock over 10yrs. Still, don't let that stop anyone from looking at the short-term stuff. .
I lost nothing in the 2008 financial crash, actually made money, saw it coming and moved what money I had then directly onto the home loan and made a 400% profit when we sold, while having a roof over our heads and used what would have been bank house loan payments to buy lithium batteries for hands on research and a house battery, solar, inverters and solar controllers, till I knew enough to open our own Offgrid design and installation business, a 2,000sq mtr workshop with an overhead crane, mezzanine and fully set up as a working enterprise, for cash and added it to our self managed superfund, bought a house overlooking the Murray River, for cash, and still had enough on hand to establish a business from scratch doing something that had no other competition resulting in customers booking 6 mths in advance and travelling up to 3,000kms to get a system installed. We made good money during the Covid pandemic because we saw what was coming, stocked up on everything we needed and were still dealing with 3 jobs at a time through the whole period, because people wanted to escape the lockdowns and go bush, fully self contained in their RV ....... So, how did your finances go when listening the the professors and financial advises, that still get paid even if they lose you money? I'm guessing you won't be sprouting how clever you are on a Prius forum if you actually did make good financial investments, you'd be too busy living it up ...... T1 Terry
...right... I worked with more than a couple of individuals like yourself over my lifetime... always beat the market and professionals...always knew what to do whether it was gold, money, stocks or any financial instruments-always made money hand over foot - never lost a dime, interestingly enough these financial savants had to continue to work unable to retire or took supplementary secondary jobs while the rest of us were able to retire worry free.... ..there was a fellow in America by the name of Bernie Madoff who had very similar financial experiences as yourself, or so he conveyed to his clients/victims. Bernie Madoff Case — FBI ...and I am doing just fine, a simple individual who makes long term well thought out investments vetted by myself and checked by professionals, well diversified across the whole financial spectrum... i neither make large amounts of money nor lose large amounts of money, my financial situation is much like a garden, slow growing and yielding fruit as needed with investments suited to nourish a family over generations...
Given a choice between receiving $1000/year in savings on a regular bill, or $2000/year in taxable income from an FDIC-insured savings account, some will prefer the former, some the later. This seems reminiscent of the Stanford marshmallow experiment, in which children were given a choice between one marshmallow right now, or two marshmallows a little bit later.
Using Little Words as it is. No one who bought Tesla stock 10 years ago & sells today - is crying. It can't be said any more simple.
Don't know why - but it's entertaining seeing how the entire notion of Tesla & their stock gets some people's shorts in such a bunch. Thanks!
I wish, workshop burnt to the ground along with our Hino motorhome that I had just spend a lot oof money and work on getting to a state that only needed me to paint the outside when we returned from our 3 mth trip. We were supposed to leave the day the fire happened, but the wife had an extended shopping trip to buy the last of things to make the trip unforgettable. Couldn't be verified, but it is believe the workshop was robbed and the fires set to hide any evidence. We travelled for around a mth in our first motorhome, held together with a lick and a prayer after sitting for 5 yrs. We bought another motorhome with the insurance from the Hino, beautifully presented converted 29 ft Fuso, late '90s model. Discovered the roof had been expertly patched to cover the very poorly built extension pieces to get the wheelbase legal for Australian roads. Spent 3 mths fixing that, putting a bigger house battery, more solar and a Victron inverter and rewiring to run 100% offgrid .... all in the front yard of the house because we no longer had a workshop. Travelled for 3 mths like we originally planned, parked up between the garage and house ready to unpack, took the wife to the doctors appointment the next day, the only reason we had returned, phone call while we were at the doctors, the garage is on fire and it is moving across to the fibreglass motorhome body. 20 min drive home and the wind blowing across the river now had the motorhome well alight and the 125 ltrs of diesel I'd just put in the fuel tank was now running out under the motorhome creating a wall of fire that caught the front house verandah on fire and the rest of the house was well alight by the time we drove the 20 mins home. We stood two houses back with the neighbours around us and watched our house burn to the ground. All we had left was what we were standing in and the Gen 2 Prius and the dog. We have been living in an Aust built Winnebago 10 mtr motorhome on the remaining slab from the workshop for 2 yrs, getting the insurance sorted, and going through builders looking for one that would build what we wanted, not the show home they wanted to build. This and other forums keep me from going nuts waiting for the local council to approve the plans so the builders can at least get started on building us a new house. We have the money in the bank and a self managed superfund to build the new house and furnish it, while I work on this aged motorhome to get it up to scratch so we can travel, all the while fighting off the council from moving us off the block we own because it is zoned industrial and not residential, so we are not allowed to live on our own land, not the house block until the waste water system is back in operation .... part of the house build, we at least have a sewer connection, electricity and water here with a security fence all round .... Not actually living the high life at the moment, but not destitute either .... T1 Terry
Anyone who bought stock prior to 2019, hopefully didn't sell it until the boom hit and still afford to get out of it now while it's still worth something .... without miraculous financing shuffling, the next quarterly reports will not be favorable to selling Tesla stocks T1 Terry
Since we retired 20 years ago, our net worth has risen 90% measured in purchasing power (meaning accounting for inflation) with as little risk as I can manage. Broad market, international market, small caps, 7 individual stocks all based on 2 individual stocks held more than 50 years, bond market short term, savings accounts, checking accounts, real estate, oil and gas rights, burial plots, our plot with grave marker just waiting for the final dates, etc. It is a bit weird looking at your grave marker but we were moving some family and it made sense at the time. Kids won't have to worry. Also we each have a list of all the things that need to be done with contacts down to the engravers name, funeral homes name, etc. Plus our self written obituaries.
I raise my hand. Retiring in 2016, I had a disappointing 401K to liquidate. I split it into three parts: Gold stock Technology fund Tesla Every ~9 months, the poorest performing I took my losses and transfer the residual to the best. After 2 years, all TSLA. Bob Wilson
I’ve had similar if not as profitable experiences with a few tech stocks. And the stocks I’ve bought as a hedge against recession have all lost money. But at least some are paying dividends
