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I have mostly index funds, but I bought a share of Tesla and a couple of other companies because I want them to succeed. Not because I expect them to. Its amazi
by breakyerself 8y ago
I have mostly index funds, but I bought a share of Tesla and a couple of other companies because I want them to succeed. Not because I expect them to. Its amazing what they've accomplished so far, but it's still a rocky road ahead
- jressey 8y agoWhen you buy a share, you are not contributing to the company. Their shares were sold at IPO and they've already collected all the proceeds from them. You are just gambling.
- breakyerself 8y agoIt does help them a little. If their market cap is higher it's cheaper for them to raise capital. It's also kind of a moral support thing. I bought a second share since I posted that. I am also gambling, but it's like .01% or less of my retirement so I don't think I'm being too risky. I also bought a model 3. Which actually does help them a little. They need sales more than they need people to buy shares on the secondary market. That's not why I bought it though. I bought it because it was the first BEV with a useful range I could afford.