STOCK INVESTMENT

[Trippletakes]

Would it be a smart idea to put my savings into tesla right now and just let it sit for a few years?

 

[Silicon Desert]

why take risk in just one stock? Why not an index? Either way you might make or lose money, but I prefer a more diversified approach. And what happens if you suddenly need that money and Tesla happens to be much lower at that time?

 

[nwdiver]

Would it be a smart idea to put my savings into tesla right now and just let it sit for a few years?

no; As a general rule it's a bad idea to have >20% in any single sector let alone a single stock.

 

[glide]

Would it be a smart idea to put my savings into tesla right now and just let it sit for a few years?

No. It would not be “smart”.

It’s your money though.

 

[Trippletakes]

why take risk in just one stock? Why not an index? Either way you might make or lose money, but I prefer a more diversified approach. And what happens if you suddenly need that money and Tesla happens to be much lower at that time?

maybe I should have worded it better when I wrote it, I don’t mean every penny I have in savings but roughly 30% of it into tesla as well as splitting the rest among other indexes now that Tesla’s apart of it

 

[Alset Srotom]

maybe I should have worded it better when I wrote it, I don’t mean every penny I have in savings but roughly 30% of it into tesla as well as splitting the rest among other indexes now that Tesla’s apart of it

It's never smart to buy something when it is at its all time high. With that said, Tesla has defied this logic several times now.

It would be much smarter to spread your money across industries that are down due to covid -- airlines, general vacation oriented holdings, oil, etc.

I also recommend buying some of the Litecoin cryptocurrency. Crypto.in general.iz poised for a big year.

 

[kelly]

Would it be a smart idea to put my savings into tesla right now and just let it sit for a few years?

You probably ought to check out the investment thread that already exists. You will find lots of folks there who have become "teslanaires" by investing in only (or almost only) TSLA. Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable