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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Make sure you find an accountant to see what you can do about taxes.
As far as selling or not. There are way better investors here than myself, but IMO as a young and jobless person your current equity in calls is enough to significantly transform your financial life. Somebody with 10 million in the bank might be ok letting them ride and hoping to gain even more, but they also wouldn't lose sleep if they lost them.
I like to think along the lines of, what will hurt me more, missing out on more gains (whatever I expect they could be) or losing what I currently have acquired? Many factors will decide on how you feel about that. Personally I closed out my calls today because it's too much volatility for my blood, they were worth about 60k in returns.
Another suggestion is to split the difference if you really want to keep gambling. Sell half now and lock in some crazy returns, keep half and see what they do.
Not investment advice, but maybe it's decent life advice.
Our nerves. The old and new shorts have to be slowly going nuts.
Ballie Gifford numbers:
Tesla's stock shoots up toward another record; 2nd-largest shareholder boosts stake
Tesla's stock shoots up toward another record; 2nd-largest shareholder boosts stake
Lol. My retirement savings managers are a couple and have become good friends. I go into Etrade after market opens this morning and a second after I see we are up another $120 I get a call from the husband. Literally before my dropped jaw had time to undrop.
A few minutes later I get an email from the wife. She had picked up some shares mid last year when the big climb was starting. Asks me if she should sell 1/2 of her shares to buy a Tesla. Told her DON'T sell but DO buy the car ASAP. Explained a bit why and included link to this mornings Ron Barron interview!
LN1_Casey
Draco dormiens nunquam titillandus
Don TLR
Active Member
Its a game I think I should stay away from, I'd hate to loose all these nice gains but fear I could be missing out..
Make sure you find an accountant to see what you can do about taxes.
As far as selling or not. There are way better investors here than myself, but IMO as a young and jobless person your current equity in calls is enough to significantly transform your financial life. Somebody with 10 million in the bank might be ok letting them ride and hoping to gain even more, but they also wouldn't lose sleep if they lost them.
I like to think along the lines of, what will hurt me more, missing out on more gains (whatever I expect they could be) or losing what I currently have acquired? Many factors will decide on how you feel about that. Personally I closed out my calls today because it's too much volatility for my blood, they were worth about 60k in returns.
Another suggestion is to split the difference if you really want to keep gambling. Sell half now and lock in some crazy returns, keep half and see what they do.
Not investment advice, but maybe it's decent life advice.
Our nerves. The old and new shorts have to be slowly going nuts.
thank you I appreciate it, I'm a bit like the dog who finally caught the car right now.
leaning towards exiting half the calls at 3:45 today
Wow, the big institution holders are smelling short blood in the water right now? I wonder if this is enough to sustain the run we're on even longer...
Fact Checking
Well-Known Member
It's well deserved, let's toss a coin to our Witcher!
StealthP3D
Well-Known Member
Actually, yes. Every phone I've bought in the last decade has one built-in!
I'm hoping this is all in a nice tax-free Roth IRA. Roth IRA's rock!
LN1_Casey
Draco dormiens nunquam titillandus
Has any info been released about this year's TMC event yet? Date?
I attended the first one where Elon was guest speaker.
This year's should be a blast. Will need a first aid station in lobby to treat injuries from too much back slapping.
I attended the first one where Elon was guest speaker.
This year's should be a blast. Will need a first aid station in lobby to treat injuries from too much back slapping.
adiggs
Well-Known Member
I wish I was a little more educated on how to protect gains. I've always just bought and held stock, and now here I am sitting on almost 500k of unrealized gains... wtf do I do?
I do not use margin, I don't need the money right now, and I'm under 40.
My equivalent of this is --- keep sitting on the unrealized gains until my investment thesis is realized OR until I have enough unrealized gains so that after taxes, I have enough money to retire and be done working for a paycheck for life.
And at least for me, $500k is only a nice downpayment on that
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