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5k. Put that sell order in but no takers yet.
I know everyone is celebrating but I remember how happy I was when the stock popped to 945 just to see it crash down 200 bucks the next two days. So I'll be happy if this sticks. Currently some of us are on edge because of that one manipulation which was nauseating.
Then my sweetie and I will spend our declining years telling our Cybertruck to drive us between our islands, enjoying this view from the farm.
Especially when we are all euphoric, as we are now, we do need to remember that there were years of relative stagnation in share price as well as significant periods of losses. For example if one, like me, bought TSLA on 28th Sept 2015 the closing price was $247.57. Assessing performance again on 27th May 2019 the closing price was $181.16. Factually it is entirely possible to make a case for selling. Also factually I bought on both of those dates.In my view, references to "seed money" and "today's returns" and the like are indeed stats trick. Real compounding is measured as CAGR (Compound Annual Growth Rate).
For instance, I bought TSLA shares in 2011 at under $23. Still have them. Today, the CAGR on them is just under 60%. Good, but not great.
I also bought shares at $235, which give me a better return. How? I bought them just over a year ago, so the CAGR on them is well over 500%.
What's important is the CAGR for your whole portfolio over the period of time in which you've invested.
disagreed to clarify
margin shares are not locked up in the sense that you cannot trade them...what gave you that idea?
but they can, and likely will be, loaned out
Great to be confident, though eventually a Black swans appears.It's better to have money set aside in the bank equivalent to whatever your payoff is. This way you have flexibility. The "nuke mortgage button" can be pressed at any time.
I deliberately have a 2nd mortgage (home equity LOC) that takes me up to 80% of my home's worth because I value the additional liquidity that costs so very little. There is zero risk of ever losing my home because with a couple of mouse clicks I could choose to pay it off. The "security" argument holds no water unless you don't trust yourself. But everyone has to make the decision they feel comfortable with.
It's funny because my wife does not understand finances very well at all but this is one thing she gets very clearly.
Lets be honest, there are not many other feasible explanations for such a rise in the SP. Q2 looks surprisingly good, sure, but the company is still (and remember I'm a super-bull here, with 1,100 shares) NOT making THAT many cars. To justify the valuation, they need to have China and Berlin and Freemonet all churning out cars at maximum capacity.
Bigger enterprises than yourself have failed , GM and GE, just to name a few recent ones.This.
I wanted to comment on a similar post a few days back, why do people want to pay off their mortgage early. We are paying 3.375% for a 30yr fixed 625K loan. That is almost free money at that rate with tax benefits plus living in a beautiful CA home. We can sell investments and pay it off, but why would we? Selling investments would incur taxes on those profits, no further tax deductions on mortgage interés every year and we lose out the growth in those investments over the next 25 years that are still left on our mortgage.
If you are someone who is simply unable to save and spends every penny of their income, paying off loans with a windfall may be a consideration. But folks here making a fortune on TSLA are clearly not this type.
Before paying off your mortgage think carefully about what that money would be worth if continued investment.
Happy ka-ching-up!Advice (for once) don't go out drinking on Thursday evenings and get 20 pages behind, because I'm STILL 20 pages behind ($1500 has just fallen!!)
... ...
My advice, make a decision sooner rather than later and act. Better to loose $10k than loose 100 shares at a "low price" of $1500.
Now back to catching-up.
Oh, thanks mods for banning that troll, was a lot of scrolling making my fingers tired.
P.S. I'm very happy my $1400 prediction was totally wrong - Monday's going to be interesting...
I will just offer a couple of points since you are comparing this to the run up in Feb.
1. %wise the stock only jumped 10% as compared to the 25% range on that historic day in Feb. I always like to look at % instead of absolute numbers.
2. Stock actually pulled back on Wednesday after multiple gap ups this week, always a healthy sign.
3. Even the run up yesterday was really good in terms of consolidation.
4. There was no S&P discussion in Feb.
IMO the stock has so much momentum right now that the only thing that was cause it to fall big time would be some negative news related to S&P inclusion or COVID-19.
Like i said before ..... " I know a guy......."Where are you getting 2.5%/year?
At Fidelity, I'm seeing 4-8%, with 4% requiring a $1M balance.
I might need to have a conversation with them if there's an alternative broker with better rates.
I don't disagree with you, but that's too complicated for me. Tesla looks, to me, like it is on a run up, so I have just stopped doing any of the things that have limited upside, like selling covered calls or puts, for the time being. Pure bull, until the 22nd. Then we'll see.I think to start selling far out of the money covered calls after battery day and S&P500 inclusion. This is under the assumption that the volatility will be lower after these events have played out. If my shares get called away, it means my total net worth will have increased, so no regrets. Alternatively, taking the loss on the covered calls and move them up, and hoping the profit from when they expire worthless is more then when I have to take the loss. Ideally this should provide me with some money for living expenses, while keep roughly the same exposure.
I beg to differ. If you look at the annual return on Amazon stock, it grew pretty spectacularly all the way from 2012 to 2020.this is silly, and not how it works. Why would the stock grow at 50% per annum?
Once they establish that they can grow at a consistent pace, it will get priced in and it won’t be a surprise.
I have a way too large position in 1200 und 1300 Dec '20 calls. I bought them when the stock was at the 900s and they grew like 6x. I didn't sell yet but they are now as valuable as a nice little house and they have twice the value of my portfolio six months back...
It's weekend OT. I just wanted to say this. I don't know what to too. Poor life.