Here's one: Warren Buffett and Jack Bogle agree on the formula for long-term success: 'Buy and hold'
Warren Buffet has $89 Billion, so technically he's a Billionaire, not a Millionaire, but still...
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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Warren Buffet has $89 Billion, so technically he's a Billionaire, not a Millionaire, but still...
Bullish_Bear
Member
Seems not likely at all. People were talking about the date 10/14 for production of M3 in GF3... no news so far... even though it was much more possible than this MY one.
Our dear old friend Adam Jonas on Fox, talking up Tesla Tesla navigating land mines that zapped rivals
“For years, investors have been concerned that Tesla must eventually face a wave" of competing all-electric vehicles that would "substantially erode its market and competitive position,” wrote Morgan Stanley analyst Adam Jonas.
“Here we are more than seven years after the Model S launch and, while there have indeed been new product introductions from the likes of Jaguar, Porsche and VW," the state of play in the market remains fairly peripheral," Jonas wrote. Global automakers such as Toyota and Ford don't even sell all-electric vehicles, he added.
“For years, investors have been concerned that Tesla must eventually face a wave" of competing all-electric vehicles that would "substantially erode its market and competitive position,” wrote Morgan Stanley analyst Adam Jonas.
“Here we are more than seven years after the Model S launch and, while there have indeed been new product introductions from the likes of Jaguar, Porsche and VW," the state of play in the market remains fairly peripheral," Jonas wrote. Global automakers such as Toyota and Ford don't even sell all-electric vehicles, he added.
Speaking of "buy and hold", I just bought back, with a very small loss, the Nov. 15 $280 covered call that I sold yesterday.
With the additional "rumors" on early Model Y production and other positive news over the last 24 hours, I'm no longer comfortable putting even a fraction of our shares "at risk" of being called away. It seems that whenever I dabble in selling TSLA covered calls, I end up chickening out! Selling TSLA puts has worked out better for me.
those are very boring stories... that is why you don't read about them
most millionaires got that way due to buy and hold strategies... trading costs/management fees /taxes/missing out out on big SP run ups all erode gains over time in a really significant way
Ummmmm....selling puts has literally the same risk / reward profile as selling covered calls.
adiggs
Well-Known Member
For a short term or swing trader, yes.
For a long term buy and hold investor, they are different. If nothing else, it's in the psychology (which while not mathematical, is still real). For a long term buy and hold investor, the puts you sell that then end in the money, result in the acquisition of more shares at a discount, to hold for the long term. It's all good.
However, the calls you sell that then end in the money results in losing shares that your intention is to hold for a long time. This can be stressful.
(At least in my case, I bought back in '12 with a 10+ year time horizon. Now it's 2019 and I've updated my time horizon to be 10+ years - that's what long term buy and hold means to me.)
In fact, my original shares (still holding) were from selling $29 puts that finished in the money, were exercised, and resulted in my buying shares at a discounted price of $27.30. Oh the good ol days.
Bet TSLA
Active Member
Pezpunk
Active Member
if i'm not mistaken, I believe that was the 7th green day in a row. VERY unusual. when was the last time that happened?
My dad does not believe in buy and hold. He is a hindsight 20/20 back seat driver. Annoying as hell. "You should have bought today, you should have sold today"
He had Microsoft, Intel, and Walmart stocks back in the 1990s. Sold them for a small profit and others for a loss. His stock trading resume is a big fat break even. The only stocks he didn't manipulate were these IRA funds he actually forgot about. They 10x over the past 30 years.
I have made some manipulations to stocks and always got burned. Now I just buy and hold. I sleep better at night and I'm doing way better than any of my friends who put in heavy manipulation.
Looks like the tweet is just an embed link to their youtube:
There's an interesting blurb there about the front passenger airbag having a clever design to prevent/reduce occupant hitting the interior, which I had never heard of previously.
powertoold
Active Member
TheTalkingMule
Distributed Energy Enthusiast
Apparently the new pattern for TSLA is an ATH every day.
After
Ten
Hump
After
Ten
Hump
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