Would appreciate some opinions / thoughts, please
Up until November, I was about 50% in TSLA for my net worth. I have an old 401k that is gaining value but not a great performer. I've considered moving it for some time but haven't done it. I'm strongly considering rolling it over and then putting it all or nearly all in TSLA. That would put me at about 75% to 80% net worth in TSLA.
I hesitate because of the general advice of not putting everything in one basket. However, I cannot see another company or mixed fund that I think will grow like TSLA over the next 5 to 10 years. I'm 41, employed, and have no debt other than a small mortgage on a condo. I'm generally aggressive in stocks, but risk adverse in the sense that I do not touch options or margin. I do have a funded emergency account as well.
I realize I'm posting this in the Super Bulls thread, but seemed better than starting a thread asking for thoughts and advice regarding a personal investing decision. There are many people here with more experience and knowledge than me, many of which have already made small fortunes in investing, so I value any thoughts people are willing to share.
Thank you!
I am a bit uncertain myself at the moment. I am keeping all my main shares, but have sold my calls.. and waiting a few more days/weeks until i decide what to do. (I have 300 shares and free cash for another 100 shares)
Seem like this run have slowd down.. we spent 5 years in 250-350 range.. so we might spend anothe rfew years around 500-550.
I have 3 pretty safe options as I see it:
1) Sell puts - to "bank" a nice profit until 2022. This is the safe choice - $300-350 2022 put should be a safe and although smal profit - aprox 20%?
2) Buy shares.. hope for a slow and steady rise. Worst case - if we are still $500 +/- in 2 years, I will have lost the profit seling puts would have given, but do not think we will be below $500 in 2022. (well, never know)
3) Buy deep itm calls - to leverage some'.. hardly any time-cost so even if we go sideways it wont have cost me any more than buying shares. As long as we don't drop low, this about equals #2 in risk imo, but increase top side
Then there are:
4) In the money calls - time cost will be lost if we move sideway.. larger risk, larger possible gains.
And..
5) I d not dare to buy out of the money calls - not 2022, as I am not certain what will happen short term. Would like an indication of new trend before I buy any such calls. I'd rather wait a few weeks to see where trend materialize itself.
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Maybe you could use half now, split between options 1 through 3, and then wait with the second half any see what new trend materialize itself?