Fellow TSLA investors: I am seeking help in my long-term TSLA investment strategy. I think my situation is similar to many others and therefore the help would be somewhat universal. (Yes, I have attempted reading the options threads but find them overwhelming, not to mention that I am looking for a more focused discussion.)
Background:
Like many members on TMC, I have been investing in TSLA for a few years now, since December 2011 if I recall correctly. Accordingly, I have had the good fortune of making some dramatic returns. Until now, I have only held shares, never any options. I have always been intimidated by options and basically content with just buying shares. I would like to make some drastic changes to this approach to investing in TSLA and I am seeking help from all those option pros on here.
The challenge:
I would like to make a investment/bet in the long-term success of Tesla Motors. I would like to minimize the amount of capital tided up in the investment (hence options). As with any investment, I would like to minimize risk and maximize potential return. I would like an investment option that I could "set it and forget it", more or less, for the next several years. I am thinking that Tesla's next greatest success will come shortly after the release of Gen 3, realistically (read Elon-time) at least around 3 years from now. I do not have a specific price target in mind for the stock at that point. If pressed, I would say I think >$500/share is a fairly safe assumption if things generally go to plan.
So, what should we do? We being those people who want a relatively aggressive "set it and forget it" investment approach with minimal capital needed and roughly 3yr timeline. I understand my objectives are not 100% clear and that some of this is fairly subjective. Feel free to ask questions concerning factors I am neglecting.
For arguement's sake, we can afford spending $10,000.
What to buy?
In laymen's terms, what does it mean?
What would be the cost of the investment? ($10,000?)
What is the potential return?
What is the potential downside?
What is the range of potential outcomes?
Can anything be done with the investment in the interim?
What other factors to consider or be aware of?
Thank you all in advance!
Robot
Background:
Like many members on TMC, I have been investing in TSLA for a few years now, since December 2011 if I recall correctly. Accordingly, I have had the good fortune of making some dramatic returns. Until now, I have only held shares, never any options. I have always been intimidated by options and basically content with just buying shares. I would like to make some drastic changes to this approach to investing in TSLA and I am seeking help from all those option pros on here.
The challenge:
I would like to make a investment/bet in the long-term success of Tesla Motors. I would like to minimize the amount of capital tided up in the investment (hence options). As with any investment, I would like to minimize risk and maximize potential return. I would like an investment option that I could "set it and forget it", more or less, for the next several years. I am thinking that Tesla's next greatest success will come shortly after the release of Gen 3, realistically (read Elon-time) at least around 3 years from now. I do not have a specific price target in mind for the stock at that point. If pressed, I would say I think >$500/share is a fairly safe assumption if things generally go to plan.
So, what should we do? We being those people who want a relatively aggressive "set it and forget it" investment approach with minimal capital needed and roughly 3yr timeline. I understand my objectives are not 100% clear and that some of this is fairly subjective. Feel free to ask questions concerning factors I am neglecting.
For arguement's sake, we can afford spending $10,000.
What to buy?
In laymen's terms, what does it mean?
What would be the cost of the investment? ($10,000?)
What is the potential return?
What is the potential downside?
What is the range of potential outcomes?
Can anything be done with the investment in the interim?
What other factors to consider or be aware of?
Thank you all in advance!
Robot