Now that TSLA is hitting all-time highs again, seems like a good time to start a new thread for the new year.
It hit 896 this morning.
It hit 896 this morning.
If you actually believe in the company, then you'll see this as a buying opportunity rather than being frustrated.Why is it tanking today?
If you actually believe in the company, then you'll see this as a buying opportunity rather than being frustrated.
It's still a buying opportunity even if you don't buy.That's only true for those who aren't already "all-in"
It's still a buying opportunity even if you don't buy.
The point is that you shouldn't let the stock price affect your view of the company. If you're going to go into panic mode every time TSLA goes on a several-day decrease in price, then you should save yourself the headache and sell.
And that is exactly why EVERY investment advisor would say you should NEVER invest more than 5% of your investment portfolio in any one stock and some recommend limiting any single stock to 2-3%. Why on earth would anyone invest their entire portfolio in a single stock?When TSLA is 100% of your portfolio a correction of 18% is worrisome. When it's less than 1%, much less so.
And that is exactly why EVERY investment advisor would say you should NEVER invest more than 5% of your investment portfolio in any one stock and some recommend limiting any single stock to 2-3%. Why on earth would anyone invest their entire portfolio in a single stock?
Then stop worrying about a few days of the stock price falling.I like to listen to Rich folks about their investments and they disagree with investment advisors. I know Warren Buffett does.
I would rather listen to... Elon Musk about building successful companies.
The question is though, are these already priced in?I see no reason to even consider selling this stock until after
- Giga Berlin is up and running
- Giga Texas is up and running
- Cybertruck is in full production
- Semi is in full production.
Stock price is dictated by little more than human psychology. If the company continues to grow and do well, then generally the stock price will continue to rise with it.The question is though, are these already priced in?
Then stop worrying about a few days of the stock price falling.
Warren Buffett doesn't care about one of his holdings going up or down over a few months or even years.
Top 10 Pieces of Investment Advice from Warren Buffett
Warren Buffett’s investment advice is timeless. I have lost track of the number of investing mistakes I have made over the years, but...www.simplysafedividends.com
- “If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes.” – Warren Buffett
- “Our favorite holding period is forever.” – Warren Buffett
- “The stock market is designed to transfer money from the active to the patient.” – Warren Buffett
If that were actually true, you wouldn't be wishing that Elon would "shut his mouth and just sell his products".
You seem to be all over the place - contradicting yourself from one statement to the next.
Agreed, this is minimum 5 year hold and even then the master plan will still need years to come to light. This is a time to buy if you have the meansPre-market at $680.
Again, Tesla was last seen at these levels.... two months ago, On Dec 29th.
So everybody has to decide - are you a day-trader who should sell before you "lose" any more of your gains? Or are you an investor for the long term, and don't allow stock price to dictate your approach to investing?
Tesla continues to develop EV technologies that are years ahead of competitors, continues to sell every car they can make even without advertising, and continues to expand both their product portfolio and production capacity. I see no reason to even consider selling this stock until after
- Giga Berlin is up and running
- Giga Texas is up and running
- Cybertruck is in full production
- Semi is in full production.
Not a fact at all. Their value has continued to go up despite (or perhaps even because of?) his tweets and quotes.He then opens his mouth or tweets and causes their value to go down at times. That's a fact. Can't be denied.