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I bought GOOG in 2005 and TSLA in 2014. Similarly, I don't see why I would buy Facebook or GM as part of an index fund when their growth potential looks terribl
by gitfan86 5y ago
I bought GOOG in 2005 and TSLA in 2014. Similarly, I don't see why I would buy Facebook or GM as part of an index fund when their growth potential looks terrible when compared to TSLA and GOOG.
If I was 70 and couldn't afford a 5 year correction, things would be different
- fsckboy 5y agosubstitute Ford for Tesla in the early part of the last century, and on the timescales you are talking about, General Motors ate Ford's lunch. furthermore, Musk is very impulsive and could already have been cancelled by the SEC for his mistakes: I bring that up to point out that by hitching your wagon to this one individual (or Henry Ford) you are taking on enormous risk, risk that is diversifiable and there's no reward for.
- gitfan86 5y agoI've been hearing about how GM and Toyota will beat Tesla since 2014. GM delivered electric 26 cars last quarter. Toyota "hopes" to make 3.5m EVs in 2030.
- fsckboy 5y agoyou missed the point, when GM surpassed Ford a hundred years ago, Ford was as new as Tesla, and GM was a newer player with fresh ideas that better fit the market, and nobody saw it coming, especially Ford. You see, GM was run by a managerial and marketing genius, and Ford was run by Aspergers. (I can say that, I am one)
- gitfan86 5y agoUnfortunately GM went bankrupt. Ford and Tesla are the only US car companies that have never gone bankrupt
- dragonwriter 5y agoFord is the only one of the so-called “big 3” who hasn't filed for bankruptcy at least once, but there are lots of other US auto manufacturers, and many of them haven't filed for bankruptcy.