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by axegon_
1960 days ago
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Huh... I was thinking about investing exactly 1000$ in Tesla in 2010. Two things stopped me: my skepticism when it comes to stocks and I somehow didn't want to invest 1/3 of what I had at the time, though the path ahead of me was pretty solid. Looking at this, my only thought at the moment is 1 word, four letters, starts with "f". Take a guess :D |
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It sounds counterintuitive since obviously you must be a genius if you foresaw the current valuation and held right?
But there is no way anyone would have reasonably predicted Tesla being worth 4,000 a share by 2021 no matter how sure you were Tesla was going to obsolete every other carmaker.
The only way you could have held this long was a naive strategy of holding indefinitely refusing to take profits no matter how volatile things got because you see Musk as the messiah or something...
Which is a pretty foolish trading strategy to apply to 1/3rd of your holdings in a single ticker...