ByeByeJohnny
Active Member
Given the runup over the last year, It would be interesting to hear from others on the board how the gearing on their Tesla exposure has changed.
- For those trading options - Do you hold more or less compared to Dec-19?
- For those using leverage - have you increased or decreased it?
There is two obvious reasons I'm using much less leverage now. The first is that Tesla is up so much there is less upside. Don't get me wrong, still a lot of upside but less than 1-18 months ago. The other is that I now have 200% of what I was aiming for instead of 10%. So much less reason to be greedy and take unnecessary risks.
For long periods I've been about 50% shares. Now I'm 99% shares and anticipate staying there. Certainly not going over 10% options again that's for sure.
I've also been 99% of my net worth (not much when I started) in Tesla since summer of 2019.
My new goal is to buy a really nice apartment where I live. I can easily do this now but since I'm a contractor in the entertainment sector my income is very low now so I would have to pay it mostly from
I do have some margin but just realized that has gone from 5% of my account value to not much more than 1%. I should probably get that raised now.
I'm well aware how incredible lucky I was to discover Tesla at just the right time. It's very unlikely I'm gonna be able to do it again with some other company. So yeah, gonna take much less risk from here. Still 99% Tesla though.
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