Bruh I'd take whatever tax hit the govt wants if I made TWELVE MILLION on Tesla from an 18 thousand dollar investment
Sucks but it's not like hes hurting with 7Ms in this one account (5 others? Definitely diversified like you said).
He shouldn't keep that much exposure in TSLA no matter what he believes in
アミーゴ .. you got someone to take this? Haha
johnnyredstorm
we need to just update your OP
I'm sure plenty of nters bought around the same time too.
Because if your plan is to retire and live another 40-50 years without working or having passive income to sustain his lifestyle, and his other accounts dont at least match this one, its idiotic when every technical and fundamental analysis say TSLA is the biggest bubble in the world. I love Tesla, love their stock, Elon made me enough money to look at buying a house this year. But I would in no way leverage my retirement on the stock.
I traded in and out of TSLA since 2012. Could have turned the hundreds of dollars I started with into thousands! Thousands I tell you!Pls dont ask when i sold it
Very true. I guess, let me restructure my argument. If the bulk (more than 75%) of his wealth is in TSLA stock, and he's retiring today, he needs to deleverage like crazy. If hes already wealthy and the TSLA gains make it so he CAN retire, and doesnt rely on it for future expenses, then ****, play on player.
shibadekobe
?
I had a few at $50 when I first started investing. I had no clue what I was doing and the truck with the fancy doors was just unveiled. Jim Cramer said it was the worst stock in the world to own. so I sold it. welp.The price he got is a year post ipo at 37-40$. Initial investment is $18k for 500 shares pre split.
This sounds reasonable.
Hell, I had 300 shares on ipo week @$23 a share pre split.
Pls dont ask when i sold it
respect the process. love Disney though and expect to see it double from here in 5 years. what was your reasoning for selling out?
Small ticket size. I used to manage my portfolio in a totally different way and just try and gain exposure in anything I liked. Didn't make any sense, I had like 40 names and I missed out on a lot of upside due to the methodology. Not even real equity research guys can cover 40 names it was nonsense.
You shouldn’t be trying to retire this week, your goal should be to create wealth 10 years from now. DCA into the best assets and add into them as they continue to work. You don’t give the ball to smush Parker because kobe already scored 50, you should feed your winners and add money elsewhere when it’s a better opportunity. I own 20 stocks. Roku and shop are the only ones over 10k in value, apple, nvda, dis, FSLY, pins, nvta, se are all worth between 3-6k and the rest of my stocks are worth between 1-2k. I’m not here to get rich today, I’m here to create wealth 5-10 years from now. As the long term story continues to work, and price gives me entries to add, I’ll add more to my best stocks. But personally, I don’t like concentration too much. Your top 5 should be heavy weight but I like the peace of mind the rest of my book being smaller gives me. No one position bankrupts me.
johnnyredstorm
I feel this, but to me, I max my 401k every year and its 60/40 Large Cap Growth Index/S&P 500. I have more beta exposure than I would care to have really so I can afford to go active around that and in size. I have about 20 holdings myself and even that feels like too many but I won't be selling and taking the tax hit on any of them.
