HawaiiShrimp
Recycles dryer sheets
Wow. You've got about 99% of your liquid investments in one stock. TSLA right now is at about($1162x 19000) 22,078,000.
As incredible as it's done I'd be pretty nervous with that AA. But I am obviously a lot more conservative than you.
Yes, I agree. I recommend others to just buy Index Funds (e.g. SPY) and don't bother buying individual stocks. I was an Index fund guy also until I discover Tesla's potential and growth. I have done my homework and studied deep into Tesla before committing my initial $1M investment into it. I let my stock run. I don't take my stock off the table just because it wins too much. I have no plan to sell a single share for at least a decade or two. Most people failed to do that and they want to "lock-in profit" too soon. That's losing out on compounded growth.
At the moment, I am at $26M net worth with about $25M in stock+real estates. I am not recommending others to follow my approach. But, I have done my homework. Good luck with your FIRE journey also!
Note: Screenshot for reference in case people think I'm lying.
https://imgur.com/0WBdBRL
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