Investing Thread

BigPeePee

I'm under 30.
Have a net worth just a shy of 500k.

I'm going all-in on TSLA. TSLA will become a $10 trillion company is a decade or 2. You will regret not going into this company.

I will become a multi-millionaire before I turn 40, and TSLA will help me get there. Hope to see all of you get into this stock and ride it the moon.

Element50

BigPeePee Wow! Great for you. I am sure I'll be peeing in my pants all day if I do that. I feel that I guess enough stress when I put 3% of my portfolio on a high beta stock.

CalebWetherell

Is this the thread where we act like we're in /r/WallStreetBets?

CalebWetherell

I'm basically 100% in low-cost index funds with Vanguard and Fidelity. I think assuming EMH is true is about as good as you can do as a retail investor. It's boring, though.

I've never YOLO'ed with investments, but it would be nice to gamble and win a yacht 🤔

Donkey

I'm going to work as an actuary until age 65 then retire a bitter, broken, donkey.

CalebWetherell

Donkey Working until 65? No thanks. I'm sure I will be "working" in some capacity, but probably more on personal projects at that point, less focused on making money.

No reason to work until 65 in a high paying career unless you really love the work! Or maybe you love money. I haven't read this book, but I like the title - Die With Zero. If my net worth is much above zero when I die, something has gone wrong.

BigPeePee

CalebWetherell

If my net worth is much above zero when I die, something has gone wrong.

Do you have kids or are you planning on having any?
Due to mass immigration and overpopulation, opportunities are drying up for anyone who isn't born wealthy. People need to understand that the prosperity after WW2 was an anomaly and that we are slowly marching towards a quasi-feudalistic state, where everyone who isn't wealthy will be working 16 hours a day, 7 days a week with no vacation in a foxconn-like facility paying 90% of their incomes in rent and living with 80 roommates in a roach and rat-infested closet.

The next 2 decades will be critical. Where you end up on the socioeconomic ladder in 20 years will determine your children's futures. Your children's future will be hellish if you don't pass on a large amount of wealth to them.

CalebWetherell

BigPeePee You certainly have an interesting perspective on life and the future. I tend to have a more positive outlook and I think adding more socialist elements into a capitalist society will help with the continually increasing wealth gaps. I'm a big fan of UBI and single-payer healthcare. #yanggang

Dying with nothing isn't the same as leaving your family with nothing. The point is more that I should give away or use up any wealth before dying. If you're going to share your wealth with others, you might as well do it while you are alive so you can see them enjoy it or the impact it has.

BigPeePee

CalebWetherell

The increasing wealth gap isn't really the problem. The issue is that regardless of whether this uber rich class exists or not, there aren't enough resources to sustain our current quality of life for the average person. Redistributive policies will only aggravate this situation, because it will subsidize reproduction amongst the 'unproductive' population.
The only solution to declining standards of life is a huge population reduction, but that will never happen. The lower IQ population will never accept their inferiority and will vote against it.

Notice how aid for poorer nations never seems to work? The people in poorer nations take that aid and multiply far outside their country's carrying capacity. The same thing will happen to us if we become more socialist. Unproductive people need to be discouraged from reproducing.

CalebWetherell

By the way, I love Tesla. It's pretty incredible how good AutoPilot is - a much better driver than I am. They are an engineering/technology company several years ahead of their competition, and it seems really really difficult for anyone to close the gap.

But this is no secret. It's literally about 10x what it was a year ago today, so it doesn't seem like there is a ton of upside, but what do I know!

BigPeePee

CalebWetherell

The issue with other automakers is that they don't have the sales to benefit from economies of scale nearly as much as tesla did, because tesla was literally the only game in town for many years, and now most EV sales are Teslas, making it difficult for the competition to ever catch up.

Tesla is a perfect example of first-movers advantage.

I don't believe tesla's growth is done yet. At the very least, they will get to $2 Trillion marketcap if they have a monopoly on EVs. They will also lead in energy storage solutions and their robotaxi fleet may send them to $3000/share.

CalebWetherell

BigPeePee Very well could be the case - but the likelihood of those things happening is already considered in the price of the shares today.

BigPeePee

CalebWetherell

I highly doubt that.
You would have to combine the market caps of all the current automakers + utility companies + oil companies.

CalebWetherell

BigPeePee If that's the case, they have some significant antitrust concerns coming their way!

BigPeePee

CalebWetherell
Unlikely. Tesla gives America the chance to take back the automotive industry from Japan. They're not going to sabotage that.

BigPeePee

Element50 You gotta make big gambles if you wanna make big bucks.

Rastiln

Anybody else interested in a personal finance subforum? I liked the old one on the AO, even if it was mostly just the timing the market one.

CalebWetherell

Rastiln I like this idea (and the topic). So I added it. Now you have to create a personal finance discussion of your own!

BigPeePee

Holy crap. Tesla is mooning now! They destroyed Q3 expectations.
All you Tesla bears can cry now.