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I have been investing a portion of my paycheck every month for the last three years and never sold TSLA. It's bothering me to see so many high profile departure
by kc10 8y ago
I have been investing a portion of my paycheck every month for the last three years and never sold TSLA. It's bothering me to see so many high profile departures particularly in finance/accounting groups. And yesterday's conference call was a disaster, I see it as dodging valid questions related to current state of the company and answering open ended interesting questions like "When will Tesla launch its own network of driverless cars?".
I just dumped all the $TSLA stock I have bought for the last few years.
- garmaine 8y agoSerious question: why do you pick stocks?
- kc10 8y agoFor fun and I don't mind losing a portion of my investments on these bets I believe in.
- komali2 8y agoNice, helping make it cheaper for us :) I for one have been loving the dump, makes it real easy to buy.
- refurb 8y agoI have a feeling that posts like this are going to be very entertaining to read in a year or so. Just like the "Dropbox is a stupid idea because..." everyone loves to quote.
- komali2 8y agoGiven how much content people post, we can just wait for any company to fail, then google their ticker on sites with comments, find some "idiots" talking about buying their stocks, and laugh at them.
- refurb 8y agoTrue, but I think Tesla is unique in the quantity and enthusiasm deptartment.
- spookthesunset 8y agoSounds like something a bitcoin user might post...
- komali2 8y agoInvesting in the stock market is equivalent to buying bitcoin?
- kc10 8y agoGood for you. Great if every thing works out well and everyone makes money. There are plenty other good companies selling great products where I can invest my money.
- komali2 8y agoIf you aren't investigating to hold, why are you investing? Was a large portion of your investment funds locked up in Tesla or something?
- kc10 8y agoI did invest to hold, but the changes in the last year made be uncomfortable. I didn't like the SCTY bailout, recent departures in finance/accounting teams, not answering finance related questions in quarterly calls, their overall financial position many others. I honestly think they need to raise more money to be successful. Musk says they don't need money and they can be profitable in next 2 quarters - let's see how it goes.
- pooya13 8y agoSure you have!
- pm90 8y agoPicking stocks like that is not considered a good way of investing your money (unless its a small portion which you specifically don't expect to appreciate). I urge you to reconsider your financial planning and perhaps take a look at ETF's.
- peoplewindow 8y agoMaybe not, but it worked out pretty well for him.
- kc10 8y agowell, I do invest in ETFs and also pick the stocks I believe in and invest for long term. Since I average it out over several years by investing fixed amount every 15 days, it worked out pretty well for me. (esp. investments in BTC, ETH worked out great :-) ). But I agree I might lose in few of these (or most) I pick and I am okay with that.
- givehimagun 8y agoThey used to make us play this game in finance classes in high school. Everyone starts with $100k and invests however they want and you just have to keep track of it. At the end, the class compares what we earned against the class. My class 90% lost money, 9% broken even, and 1 person got a ridiculous return. I learned from that, just invest in the index. Remember, you have to make more/less than everyone else...a nominal return of 20% doesn't mean anything if everyone made 50%. Last year, the NASDAQ earned nearly 30% two years in a row - that's par.