accountingsucks
Recycles dryer sheets
- Joined
- Jan 28, 2006
- Messages
- 346
Just curious but would anyone say something to a friend of yours in terms of risk management. He is 100% TSLA since $150 share price and is semi retired at the age of 40 with about $2.5Million....a mix of shares and LEAPs all in TSLA....or should I just mind my own business? We have discussed stocks/investing in general and when I mention my 30% mix of bonds he doesn't understand their purpose. Nor does he understand my index only approach to equities due to their "slow growth" He sees $4000 TSLA as a "no brainer" by 2030 with 10 million cars sold then. That would be what a $5Billion market cap
I mean anything is possible but that would mean 1 out of 6 cars sold at that time is a TSLA. Then of course there is mention of the TSLA bot (currently just a man in a robot suit), insurance products, robotaxis (no way this would ever be regulated), and solar (currently a low margin money losing segment). Just keep my lips shut right? I have seen this before with some other people/stocks and it was financially ruinous...quite tragic, older people with kids who threw away decades of savings due to poor risk management.
I mean anything is possible but that would mean 1 out of 6 cars sold at that time is a TSLA. Then of course there is mention of the TSLA bot (currently just a man in a robot suit), insurance products, robotaxis (no way this would ever be regulated), and solar (currently a low margin money losing segment). Just keep my lips shut right? I have seen this before with some other people/stocks and it was financially ruinous...quite tragic, older people with kids who threw away decades of savings due to poor risk management.