[Tyga11]

Originally Posted by antzcrashing

This is my investing spirit animal.

Go big or go home! In all seriousness I have 30% of my portfolio in TSLA...have thought about moving everything into it but don't have the balls

[Chick Webb]

Originally Posted by Tyga11

Go big or go home! In all seriousness I have 30% of my portfolio in TSLA...have thought about moving everything into it but don't have the balls

Bulls make money, Bears make money, Hogs get slaughtered.

[Tyga11]

Originally Posted by Chick Webb

Bulls make money, Bears make money, Hogs get slaughtered.

Thoughts on Chargepoint?

[G35POPPEDMYCHERRY]

lmfao this thread has of the worst information possible.

[Chick Webb]

Originally Posted by Tyga11

Thoughts on Chargepoint?

Haven't looked at them. I expect they could benefit from all of the money this administration is throwing at the EV industry. On the news yesterday I heard that there's a 35-state thing worth $7.5B being started - https://www.cnbc.com/2022/09/14/watc...auto-show.html. Don't know if they're included.

[Tyga11]

Originally Posted by G35POPPEDMYCHERRY

lmfao this thread has of the worst information possible.

Care to elaborate?

[antzcrashing]

Originally Posted by Tyga11

Care to elaborate?

Yeah please provide the "best information possible". We are waiting

[LuvMyE92]

Originally Posted by G35POPPEDMYCHERRY

lmfao this thread has of the worst information possible.

Any information you get for free on the Internet should come with a big fat asterisk.

One of my team members (young guy) has all his money in TSLA and has done quite well with it. He drinks the cool-aid, drives a Model S. Hard to argue with the success, although personally I stay away from it and although I considered buying a Tesla, I never did (lots of reasons). I do love me a BMW.

I follow a similar stock/investment thread on another forum frequented by some very wealthy people, and some of their stock suggestions are also garbage. I've made some money and I've lost some huge money, but those were all my decisions, I can't blame the anonymous guy that made the suggestion... it was up to me to research it and decide for myself.

[G35POPPEDMYCHERRY]

Originally Posted by antzcrashing

Yeah please provide the "best information possible". We are waiting

no best information, the idea of putting all your eggs in one basket ie TSLA is very bad advice. paper losses/gains all seem like big sells, but does one have the balls to sell and buy at the right times....

to each their own. Lots of people pumping TSLA but not diversifying. Every automaker is going to have an electric so I don't get why the stock is so inflated.

anyways I also don't understand how there is very little dividend long term investment talk here. but typical of all internet fourms.

you do you mayne

[Tyga11]

Originally Posted by G35POPPEDMYCHERRY

no best information, the idea of putting all your eggs in one basket ie TSLA is very bad advice. paper losses/gains all seem like big sells, but does one have the balls to sell and buy at the right times....

to each their own. Lots of people pumping TSLA but not diversifying. Every automaker is going to have an electric so I don't get why the stock is so inflated.

anyways I also don't understand how there is very little dividend long term investment talk here. but typical of all internet fourms.

you do you mayne

The only way to get rich or really build wealth is investing a good majority of your assets into companies you really believe in.

Investing in the S&P 500 index won't do that. I'm not saying there isn't risk but it's a risk I'm willing to take

[NeverL8]

Originally Posted by G35POPPEDMYCHERRY

no best information, the idea of putting all your eggs in one basket ie TSLA is very bad advice. paper losses/gains all seem like big sells, but does one have the balls to sell and buy at the right times....

to each their own. Lots of people pumping TSLA but not diversifying. Every automaker is going to have an electric so I don't get why the stock is so inflated.

anyways I also don't understand how there is very little dividend long term investment talk here. but typical of all internet fourms.

you do you mayne

Have you actually done a DEEP DD into Tesla and what they do?

Not attacking you, just curious.

[antzcrashing]

Here's my dive/take on Tesla: the United States congress just passed a bill for clean energy that benefits the shit out of every electric car maker, and Tesla is still leading despite all the new players. That factor is one of many that will provide upside for Tesla. They also cater to the upper end of the market, which tend to be much less impacted by negative market factors, including inflation and even recession. If this market turns around Tesla, and the Cathie Wood's stocks (absolutely hated by the current market and investor sentiment) are set to ride up faster than the market average.

Tesla and ARKK are 2.5% of my portfolio, part of the mix that is high beta, riskier growth. I am up 60% on Tesla since I bought it, even despite its recent downtown like many high fliers with limited profit this year. Continue to be bullish on it

[Tyga11]

Originally Posted by antzcrashing

Here's my dive/take on Tesla: the United States congress just passed a bill for clean energy that benefits the shit out of every electric car maker, and Tesla is still leading despite all the new players. That factor is one of many that will provide upside for Tesla. They also cater to the upper end of the market, which tend to be much less impacted by negative market factors, including inflation and even recession. If this market turns around Tesla, and the Cathie Wood's stocks (absolutely hated by the current market and investor sentiment) are set to ride up faster than the market average.

Tesla and ARKK are 2.5% of my portfolio, part of the mix that is high beta, riskier growth. I am up 60% on Tesla since I bought it, even despite its recent downtown like many high fliers with limited profit this year. Continue to be bullish on it

Tesla is also a brand play. Some (like me) view it as the next Apple

[c1pher]

Originally Posted by Tyga11

The only way to get rich or really build wealth is investing a good majority of your assets into companies you really believe in.

Investing in the S&P 500 index won't do that. I'm not saying there isn't risk but it's a risk I'm willing to take

If you’re investing in an average, expect average returns. Most of the whales only have a few positions they bet big on.

[P1]

Originally Posted by chassis

Tyga11

1. How old are you?
2. How are you investing new money?

3. Why would anyone stay in a hotel?

[TTM0TION]

Originally Posted by antzcrashing

Here's my dive/take on Tesla: the United States congress just passed a bill for clean energy that benefits the shit out of every electric car maker, and Tesla is still leading despite all the new players. That factor is one of many that will provide upside for Tesla. They also cater to the upper end of the market, which tend to be much less impacted by negative market factors, including inflation and even recession. If this market turns around Tesla, and the Cathie Wood's stocks (absolutely hated by the current market and investor sentiment) are set to ride up faster than the market average.

Tesla and ARKK are 2.5% of my portfolio, part of the mix that is high beta, riskier growth. I am up 60% on Tesla since I bought it, even despite its recent downtown like many high fliers with limited profit this year. Continue to be bullish on it

I’m similar as you. Wow has ARKK been a stinker as of late. I don’t know when you got in but holy shit has that been an anvil off a cliff. (Again not talking shit they are about the same percentage for me so we are in the same boat)

[dradernh]

A few decades ago, I worked at the 2nd biggest money manager on the West Coast. The fellow who started the firm had written a basic book on how the stock market functioned from the highest down to the lowest level. If you wanted to know what happened after you told your broker to buy/sell a security, his book explained it in detail and in plain English.

There were a few nuggets in the book. My biggest takeaway was his advice that, unless you had $2 million to invest ($6.5 million in 2022 dollars), and you weren't going to need any of it for a fair number of years, you were better off in an index fund.

I don't know what he would suggest today, but I did take his advice, and it allowed me to retire at age 45. That had a lot to do with our household's earnings and the circumstances of the overall market during the years we were saving and investing for retirement.

The bottom line goal was to cease working daily for a living as soon as possible. Those were my tiny, rent-controlled apartment / post-M6 / Nissan-Sentra-DD days.

Depending upon what's going on in the country and in the world, there certainly are no guarantees of what anyone's results will be, but we found moving conservatively and steadily took us to our goal years earlier that we'd originally anticipated. We were in high-tax California, and the basic profile was: 1/3 savings; 1/3 taxes; and, 1/3 living expenses. It was the old deferred-gratification / pay-yourself-first model; I'd be surprised if it doesn't work just as well today.

[antzcrashing]

Now the thread implies you can retire at 45 if you just buy index funds. So the disinformation is at least applied to both risky and "safe" stocks. We've come full circle to not believing anything you read from anons on the internet, which is the only lesson

[XutvJet]

Originally Posted by Tyga11

The only way to get rich or really build wealth is investing a good majority of your assets into companies you really believe in.

Investing in the S&P 500 index won't do that. I'm not saying there isn't risk but it's a risk I'm willing to take

I guess "wealth" is dependent on the individual. I've been investing since the late 1990s and weathered lots of financial storms and also made lots of investing mistakes. My wife and i have always lived within our means. Our house was paid off 10 years ago and we don't make near the money most seem to make on this site.

Back in 2014, I shifted a majority of our investments to SP500 index funds and started managing all our investments myself through Vanguard. I'm 48 and last year I voluntarily took a 20% haircut to only have to work a 32hr work week vs the 50-60 hours i had been working for years on end. In 2 years, I plan to reduce my hours to 20-24 and then fully retire at 52-53 and we'll be multi millionaires living in a small and simple, yet modern and very nice 1500 square foot house on some acreage, me drivng 2 to 3 fun, sexy, and nice, yet used cars and my wife and I traveling where we want, when we want.

Index funds for us were extremely lucrative and it's where we have most of our investments. I also have about 20% in Berkshire Class B and 10% in bonds and another 5% in random "what the hell, why not?" stocks like Tesla, Activision, and a few others.

I don't want to be a slave to my job, my money, or my things.

[Tyga11]

Originally Posted by antzcrashing

Now the thread implies you can retire at 45 if you just buy index funds. So the disinformation is at least applied to both risky and "safe" stocks. We've come full circle to not believing anything you read from anons on the internet, which is the only lesson

Exactly. I'm not saying I'm right but I don't agree Index is the way to go either. There are plenty of people who have gotten very wealthy by consolidating into stocks they believe in.

[c1pher]

Originally Posted by P1

3. Why would anyone stay in a hotel?

Because they don’t own property in that location and because they need to take their girlfriend someplace other than home.

[dradernh]

Originally Posted by antzcrashing

Now the thread implies you can retire at 45 if you just buy index funds. So the disinformation is at least applied to both risky and "safe" stocks. We've come full circle to not believing anything you read from anons on the internet, which is the only lesson

I'm not sure how you took the experience of one person beginning 40 years ago - not advice, mind you, but their experience - and got to your conclusion.

This sentence was perhaps the key to that experience: "[retiring at 45] had a lot to do with our household's earnings and the circumstances of the overall market during the years we were saving and investing for retirement."

To flesh it out further: DINKS, high earners, tiny monthly nut relative to income, started investing at a time of declining interest rates that were still declining years after we stopped working, and well-suited to just socking away year-after-year what we didn't need to live on every month. We still lived well and traveled widely in 1st - we just did it after paying ourselves first while living in a small apartment and driving an econobox for a decade after getting out of the M6.

What we see now is that in an era of rates rising quickly and significantly, the circumstances that helped us retire so early are not necessarily in place at the moment. So it goes.

If any of that is of use to you, please feel free to take what you want from it.