Hi folks,
Now that the debt crisis seems to be behind us for at least the near future, I'd like to take a moment of pause to reflect on a trend I've seen lately in which newer (sometimes younger), less experienced and more "emotional" investors are commenting more frequently on the movement of this stock definitively. It is apparent that many here have no formal education in corporate finance, statistics, accounting, microeconomics, macroeconomics, or any of the other disciplines normally associated with professional investment management. It also seems like many have no more than a year's experience investing in anything other than Tesla Motors. I see this as dangerous ground to be on.
When I said I few days ago that I was "all in," I now worry that I have misled a few of our younger, less experienced forum members. First, I am only "all in" on my disposable investment dollars which are not needed to support my lifestyle/budget at all. I believe it is irresponsible to risk one's life savings gambling on any one investment, unless one is prepared to lose everything and survive. Personal finance management is something outside the scope of this forum to teach, but it is critical to any investment strategy.
Second, I have over 20 years investment experience, a graduate degree in business, and an intimate knowledge of modern financial management of disruptive technologies and the market forces that work around that. I know these are public forums, but when I see that less experienced investors are reading my discussions with others here that are as experienced as I am or more, and then risking their savings accounts based on some unrealistic expectation that they "can't lose," I will hesitate to share further information. And I suspect other experienced investors will, as well.
So please comment and invest carefully friends. I'd like to keep the conversations here based soundly in facts, not opinions or guesses, and I'd also like younger members to benefit not just from this source of learning about how to invest wisely.
Happy investing everyone, and please -- be careful, thoughtful and considerate. And if you are new, please do yourself the kindness of studying further before risking everything you have.
A decent and free place to start might be Khan Academy's excellent primers. Beyond that though, you will need books and courses. This could be of interest to some of you. You don't need a top-20 MBA to invest, but you do yourself a disservice if you don't at least read a few books or take a few courses while you're young and relatively unencumbered.
That's all I wanted to say -- now go TSLA!
Cheers,
Flux
Now that the debt crisis seems to be behind us for at least the near future, I'd like to take a moment of pause to reflect on a trend I've seen lately in which newer (sometimes younger), less experienced and more "emotional" investors are commenting more frequently on the movement of this stock definitively. It is apparent that many here have no formal education in corporate finance, statistics, accounting, microeconomics, macroeconomics, or any of the other disciplines normally associated with professional investment management. It also seems like many have no more than a year's experience investing in anything other than Tesla Motors. I see this as dangerous ground to be on.
When I said I few days ago that I was "all in," I now worry that I have misled a few of our younger, less experienced forum members. First, I am only "all in" on my disposable investment dollars which are not needed to support my lifestyle/budget at all. I believe it is irresponsible to risk one's life savings gambling on any one investment, unless one is prepared to lose everything and survive. Personal finance management is something outside the scope of this forum to teach, but it is critical to any investment strategy.
Second, I have over 20 years investment experience, a graduate degree in business, and an intimate knowledge of modern financial management of disruptive technologies and the market forces that work around that. I know these are public forums, but when I see that less experienced investors are reading my discussions with others here that are as experienced as I am or more, and then risking their savings accounts based on some unrealistic expectation that they "can't lose," I will hesitate to share further information. And I suspect other experienced investors will, as well.
So please comment and invest carefully friends. I'd like to keep the conversations here based soundly in facts, not opinions or guesses, and I'd also like younger members to benefit not just from this source of learning about how to invest wisely.
Happy investing everyone, and please -- be careful, thoughtful and considerate. And if you are new, please do yourself the kindness of studying further before risking everything you have.
A decent and free place to start might be Khan Academy's excellent primers. Beyond that though, you will need books and courses. This could be of interest to some of you. You don't need a top-20 MBA to invest, but you do yourself a disservice if you don't at least read a few books or take a few courses while you're young and relatively unencumbered.
That's all I wanted to say -- now go TSLA!
Cheers,
Flux