Index funds are one of the best places to put your investments but a stock like Tesla can make for some quick wins (or losses). I suppose maybe I also treat it like gambling except with true gambling you can’t beat the house but with stocks you can. It is all about the timing though and no real way to predict it reliably
But we see they sold yesterday at $150 whereas right now it’s $161. If your gamble was to buy on yesterday’s downturn and decided to sell today, you would have made $11/share. You can’t beat that with index funds (however the actual trade is a loss showing why index funds is a better choice for long term or for money you can’t afford to lose
The funny thing is, I have bought Tesla two times in my life, and both times it has fallen like a stone right after I bought it. I guess I have a gift and I should short it… :p
Index funds are one of the best places to put your investments but a stock like Tesla can make for some quick wins (or losses). I suppose maybe I also treat it like gambling except with true gambling you can’t beat the house but with stocks you can. It is all about the timing though and no real way to predict it reliably
But we see they sold yesterday at $150 whereas right now it’s $161. If your gamble was to buy on yesterday’s downturn and decided to sell today, you would have made $11/share. You can’t beat that with index funds (however the actual trade is a loss showing why index funds is a better choice for long term or for money you can’t afford to lose
The funny thing is, I have bought Tesla two times in my life, and both times it has fallen like a stone right after I bought it. I guess I have a gift and I should short it… :p