What's in your portfolio besides TSLA? The market (SPY) is up about 11% (Edit)Oops SPY is up about 12.5%
50% is a Fidelity growth fund holding the usual suspects: NVDA, AAPL, MSFT, GOOG, LULU, V and TSLA. The other 50% is all TSLA. At this time the managed fund is out performing my TSLA but I expect it to change as TSLA recovers. Of course I'm still about 25% down from ATH reached in 2021.
Have you been adding to your growth fund like you added to TSLA? Are you keeping the 50/50 balance or did you just end up there as a result of the way the stocks moved? I assume you rode the growthfund down like you did with TSLA.
Not adding anything to this fund, which I split it in half close to ATH, expecting TSLA to outperform it after dropping 100. Then the market really dumped. And the entire 401k dropped over 55%. That I'm now "only" 25% from ATH is encouraging.
It's that kind of ride that changed me from an investor into a speculator. They say fear and greed rule the market. My fear became, what if the market didn't recover before I ran out of money? I realized that although the market had always come back in the past there was no guarantee that it would in the future. I had no control over what happened to my investments.
Yes, I understand, yet historical also shows that investors do better than speculators. But we trade to retain control over our destiny, regardless of outcome. It's born out of a natural fear but one I don't have. In my life I've had periods of relative wealth and poverty starting in my late teens til today. I remember the first time I ran out of free flow cash and had to readjust to living on what I earned. The image I had built of myself had vanished and I was ordinary again. I was devastated but so grateful to experience this so young that I kept it as a valuable lesson of humility and detachment towards the mental transformation that money creates. I never again let money determine who I am, even if its influence is always present, in good and bad times. My 401k is a long term investment that I will begin to draw from as I approach 62. But I have other funds that I traded with until the market taught me a lesson about bull and bear times, and I clearly did not know how to trade in a bear market so I closed all my positions and put everything in TSLA as it was sinking. As of Friday close I'm back to making money!
I'm not so sure about that. At any rate I now have a small position in TSLA so hopefully it keeps going higher.
Congrats, you've made money on TSLA, welcome to the club. That said, the surge is (nearly) unsustainable and I expect a few ups and downs before peaking at 300 sometime this year
Any reason for the 300 price target? Out of curiosity I checked what the anylists are forecasting, most have a target less than it's trading at now. Good thing I ignore the fundy's.