Tesla’s trillion dollar valuation is fast approaching

Have he invested all in NVDA, he would be doing way better than now. This is what puzzle me a lot. He should be well verse with NVDA. Btw, he is doing much better than me at similar age.

Not really. If that were the case, why didn’t he work for nvidia and get some free stock options?

Yes, zuckerberg did a million times better than me at a even younger age :laughing:

@Zeapelido your NW is very impressive for someone as young as 40. Can you please share what was your path to success (eg., working at hot tech company, investment success etc)

Inflation!

Sell Tesla now it will crash 50% sooner or later.

It’s all from Tesla (and a little from bitcoin).

My wife and my salaries combined are “only” like $320k a year, she works at Stanford as research scientist so the pay is quite low, I am a data scientist at generally “tier 2” companies :sweat_smile:, so my salary is good but total compensation is well below that of Facebook, Google etc…

However when I worked for a few Chinese companies I had some decent comp. One IPO’d (only there a year) and the other (Huawei) gave me some big bonuses, so basically I took all that money and put it into TSLA in 2017-2019.

Then a positive of choosing to switch companies a bunch is that all of my 401k / company IRAs I could transfer to a self-directed IRA after I left. In 2019 when Tesla had a big dip I put all of my IRA money into TSLA (this was a once in a lifetime reward / risk opportunity).

Let’s be honest, there is a bunch of luck involved with also making level headed decisions and really understanding the fundamentals and financials of a single stock. Right place and right time. If we had bought a house in 2012, it’s unlikely I would have made such a big bet (and would have had less $ to bet it with). But when I started reading online about buying a house, I first found Patrick.net :sweat_smile: :sweat_smile:

Not being able to afford a decent spec peninsula house certainly made me feel more comfortable with taking the risk - if I failed - well we could still move to basically anywhere else in the U.S. and be financially in a good position.

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Short term maybe, but long term I still expect it to be at least 2 trillion in value.

I have now sold 3/4 of shares, I feel pretty good in that diversification.

How is Patrick doing? I find that website to be scary pathetic and truly disturbing. Those bears in those days were beyond trolls.
Wow. Just peeked at it. Full of anti vaxers and various other trolls. It is basically an online insane asylum.

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I would rather be lucky than intelligent. I have thought about what constitute luck and wise decision…

Lucky to have TSLA drops to that low in 2019 (I saw that opportunity too. China manufacturing is world-class regardless what those China haters said. So is the right time to buy when TSLA built a factory in Shanghai)…

Wise decision is when you pump all in (I hesitated because of Trump antics)…

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Amazing!!!

I didn’t go all in but did buy 4500 shares of Tsla in the 2019 low. That’s a little less than 25% of my total Tsla stake.

I’m sticking with all Tsla shares for the long haul, as opposed to @Zeapelido already sold 75% of his stake which I don’t think is the right thing to do at this time.

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Right but you didn’t put in almost 100%

Now we have about the same % in TSLA stock, only I am much poorer.

I think it’s a quite comfortable % stress wise.

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Occasional 6 figures drawdowns and you are already in fetal position? Need to train yourself to sleep well with 7 figure drawdowns before you can scale into UHNWI class.

Or just live your life
:man_shrugging:t2:

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MRNA :slight_smile: 50% down in 2 days

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Yup people always mistaken volatility for risk. Volatility is your friend, especially as an individual private investor.

:+1: . + a house as per requirement. Good job.

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I’m comfortable with my stake in TSLA which is maybe 75% of my portfolio. Some people like to go all in at 100% but my other stocks are also long term holdings. If I sell I will have tax consequences. Mentally I’m not prepared to deal with the tax consquences even though I think going in at 100% is probably the right thing to do… :slight_smile:

You’re not working right? The wife? If both not working, then it’s easy. Just sell enough to stay under the limit for 15% LTGC and if you need more money, use margin for other expenses.