Is he nuts? Is a ROI stock!
Anyway should focus on metaverse stocks e.g. U, MTTR, COIN, FSLY
Is he nuts? Is a ROI stock!
Anyway should focus on metaverse stocks e.g. U, MTTR, COIN, FSLY
why is FSLY metaverse stock?
I’m putting my 10% of net worth in spacex if it ever ipo. Maybe I will search the secondary market and buy some shares now.
Buy some Tsla first. Elon said Tsla investors have priority with spaceX stock when it ipos.
#NeverSell ?
No need to sell as long as company is doing well.
Already got some but I don’t know how he can pull that off unless Tesla acquires and spins it off as another public company.
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Flirt with Justin for some shares.
Not sure how that’ll be done but let me ask you, why is it that you would want to go through the trouble to own spaceX now when you can simply buy Tsla from the stock market? Is it because you feel like you missed the boat already with Tsla so you would have to make up for that with spaceX? If that were the case, then I would advise you to forget about spaceX, because it is not a substitute of Tesla in its early days, and you are better served buying more Tsla now.
No reason to buy more Tesla now and yes, I did miss a boat. It’s only up 50-60% for the year and I think it will just have a more steady growth rate in the future. To me, spaceX, once it goes IPO, the fomo for Elon believers and Tesla owners will be so strong that it can push it up to 500b-1t easily imo. One day, spaceX might have a great business but I just want to ride the fomo before it goes IPO.
That’s kind of a short term mindset. To be a kick ass investor one would need a long term horizon.
Not always imo but one thing I’ve learned is that you do have to make a few strategic bets for the long term that rides the technological shift and generational founders. I’ve been a mostly index investor before this and part of last year, and that’s been my biggest mistake. Not making a few strategic bets that can give me 10~100x+ and Tesla is not in that boat anymore. Short term wise, I’ve far exceeded Tesla return this year so I’ll stick to it. SpaceX, even during the fomo stage, can probably give me 5~10x.
Always. A short term bet is like gambling. You might win a lot with this one but what about the next. Long term is where the magic lies. Even long term investing in the S&P 500 index fund can beat out 99% of investors, I would say. So rather than putting 10% into spaceX to ride the fomo, just put 100% into S&P 500 makes more sense.
For all the Elon fanboys and girls out here.
Depends on what you mean by long term. If long term means longer than a few decades, IMHO, S&P beats return of ALL stocks. It is with this mindset that I am still DCA purchasing into S&P index till today and continue to do so till… So far, no stock is able to hold the largest market cap title for long but S&P keeps grinding up. S&P is the tortoise that trump any rabbits.
Look like a mistake short term (a few years) but is from a multi-decade/ century/ generational perspective. Ditto for RE yes, from a generational perspective, is an investment. So I am still buying one Austin house per year I am not @manch, fickle, keep changing his mind.
Sound like you have escaped the Feb-Mar 2020 crisis! So your strategy is not tested. The super duper Leo KoGuan is still licking his wounds, holding merely 6.3 million of TSLA shares, prior to Mar 2020 was 12 millions shares.
What makes S&P so hard to beat is because its component companies continuously get updated with the latest and greatest. Old winners like Kodak eventually flamed out and got replaced with newer breeds.
What you describe as fickleness is just another person’s learning journey.
When you pass your AAPL shares to your sons it will be like giving them Kodak shares.
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Exactly.
Not a 100% certain event. AAPL is on a secular (current definition by Mr Market is 5 years ) watch. So… some time in the future, I see me selling every shares of AAPL.
So humble? Few years ago, you talk like a guru