Man if only GE was doing better.....
I made 65K in the market in one year alone. Pretty nuts. I love waking up and seeing that I made 2K while I slept.
But its not gonna last forever, and I have a lot of friends in finance telling me to sell everything and move to a cash position because its going to crash. Not sure what to do right now.
Since your a longer term investor my advice would be to liquify a month before election. If the market dumps you'll be able to make a killing during the fire sale.I had around $25k sitting in an old 401k account from the first company I worked for after getting out of school. Since it was just sitting there with no new funds coming in I decided to invest in individual stocks for fun to see what I could do. It's up to $65k now since last year. I have a ton of APPL. I've debated selling it at a few times in the past but glad I held on. Now I'm debating what to do come election time though. Not sure how the markets might react if power switches hand.
I wouldn't want to invest as a main job though. It can all easily come crashing down.
With the amount of Tesla stock I have right now, after the 5-1 split if it goes back up I’ll probably be retired by 40. With that in mind, I don’t count on it. It seems too simple and life just doesn’t work that way for the most part. I do also have a healthy Roth account and a good amount of savings in the bank. But I also don’t hate my job and have made a lot of friends at work. If I have to work another 30 years so be it.
If you’re living in the United States, what‘s in store for your stocks and your Roth over the next ten years will reduce you to a pauper.
Do you think a country can keep printing money and piling on debt and just get away with it indefinitely?
USA = fucked.
"Whats this trickery" was my thought too following Bitcoin when it was $130. Then 300. Then 800. I didnt imagine itd hit 1300.
It topped at $20,000 before settling around half that, and today is back around $12,000.
You can believe what you want but theres insane money to be made and higher risk is higher reward. Simple.
You have no idea how much time I've spent watching Youtube videos on Tesla stock.
The last is MeetKevin and I can't say enough how everyone should watch him : He's funny, genuine, and a straight-shooter.
MeetKevin is when my Tesla love began, because as he breaks down the numbers he lays it conservatively and considers everything else (batteries, solar panels, SpaceX, etc.) all just "plus plus plus" as he says.
Then you get into the Mad Money guy teaching how advance their battery technology really is, and how far behind the "competition" is from Tesla.
Then you understand how GM, BMW etc have to convert expensive factories that make tradition engines to batterie manufacturing.
Then you learn how Tesla doesn't waste funds on advertising, they convert it back into R&D to further lap the competition.
Or how they dont need to convince dealers to sell EV's that don't need repair as much,Tusla cut's the middle nonsense.
Honestly I'm just starting into Tesla stock at ~$2000 when I wanted to around $1400 and already see missed potential. No more of that.
I'm with you OP, I'm deep in the Tesla hype train and will be making some gambles in that name.
If Tesla went under tomorrow I'd still be better than I was 9 months ago; I've just ran the scenarios and I like my odds. I have no doubt of Tesla breaking $3000, the question is how long and where it may go in the middle.
If you’re in it for the short game I’m sure he’s hurting but I don’t think most people get into stock to make a quick buck. It’s definitely a game of chance but so is everything really.
Lmao, sold like 25% of my Tesla at $2000 and another 50% of my Tesla and $500 (literally the interday top).
Just jumped back in With the initial 25% at $320 after hours, gonna just average in if it keeps falling.
Feels good man.
I have a good chunk of my net worth in my portfolio, close to 70%. These days have been wild, but I believe in my positions, so I just hold. Good that things picked up today.
Yesterday my portfolio went down like $40k and for a moment there I panicked and logged into Vanguard to do some emotional trades, but thankfully I was able to stop myself.
Yeah, I held through that one. I am also dumb enough to have held all of my crypto. After almost three years since the crypto boom of 2017, I am finally going to break even on those, and I am happy with it, but if I was a better trader I could have sold at the top.Emotional trades were my biggest mistake when starting a few years ago. I originally invested in Nvidia, Tesla, Roku, and Apple. Only one I was smart enough to stay with was Apple. I got scared last year when the market took a huge shit and got out of the other three like a dumbass.
Well the OP might be a little too overenthusiastic, but stocks can be a fun hobby and as long as you stay alert the risk of losing too much is quite small. But definitely only invest money that you feel you could actually lose without starving.
That said, my biggest regret in my life was hearing about bitcoin 11~ years ago, scoffing and saying "someone who pays real money for pretend money is stupid". Oh how I wish I had sold everything my 17 year old self owned and bought bitcoins hahaha!
We headed DOOOOWWN folks.
Make no mistake we are on a slow moving train to Hurtsville. Buy volatility index and short short short everything else.