Bummbull wrote:
Eventually, 1 in 3 or 4 cars will be Tesla.
lol
Bummbull wrote:
Eventually, 1 in 3 or 4 cars will be Tesla.
lol
Dr. Racket wrote:
.... Futures down pretty hard despite stimulus deal being passed. Just another day in 2020
Classic buy the rumor, sell the news, in combo with the late December tendency for the big fund families locking in profits for the year and taking a breather. Mostly I am just hopeful to see us well of the days lows.
That is encouraging, like it is just another of those dips that quickly solidify into a buy opportunity for a hungry market. No telling, though.
As for Music, the Who were and are my boys. I'll leave it at that.
note how China is becoming an hedge against the virus...it's up today, despite the US being down a percent and europe being down 2%.
seattle prattle wrote:.As for Music, the Who were and are my boys. I'll leave it at that.
Those ba$tards... I saw them play their 25 year farewell tour back in 1989 on the left coast. Big fat liars! ?
idiot from the ipad wrote:
seattle prattle wrote:.As for Music, the Who were and are my boys. I'll leave it at that.
Those ba$tards... I saw them play their 25 year farewell tour back in 1989 on the left coast. Big fat liars! ?
LOL. Yeah, and a few years ago at a Super Bowl halftime show. Great show, in my opinion.
They still kick it up a notch, but not the same without Keith 'the Loon' Moon.
Speaking of kicking it up a notch, markets rebounding nicely.
agip wrote:
note how China is becoming an hedge against the virus...it's up today, despite the US being down a percent and europe being down 2%.
According to what metric? I see Emerging Markets down, which i usually see as a china indicator in that it is so heavily weighted therein.
Dr. Racket wrote:
Bummbull wrote:
Eventually, 1 in 3 or 4 cars will be Tesla.
lol
We shall see! You laugh now but with how far ahead Tesla is against competition, I think there’s 0 chance that legacy auto manufacturers will ever catch up. Tesla is playing chess while others are playing checkers.
Routinely, people pay or borrow to buy $40k car. Soon, most people would choose electric at that price point as charging stations are everywhere and home charging stations price goes down. At that point, most people would choose to buy Tesla over other brands simply bc it’s better. It’ll have better self driving capability, better performance, better charging network.
You guys do what you want with your money. I’ve made a lot on Tesla since last April and I’m going to invest in it even more. I hope there will be more dips for more buying opportunities.
seattle prattle wrote:
agip wrote:
note how China is becoming an hedge against the virus...it's up today, despite the US being down a percent and europe being down 2%.
According to what metric? I see Emerging Markets down, which i usually see as a china indicator in that it is so heavily weighted therein.
I own CXSE so that's why I'm looking at usually.
agip wrote:
seattle prattle wrote:
According to what metric? I see Emerging Markets down, which i usually see as a china indicator in that it is so heavily weighted therein.
I own CXSE so that's why I'm looking at usually.
Which is basically just Tencent and Alibaba
Dr. Racket wrote:
agip wrote:
I own CXSE so that's why I'm looking at usually.
Which is basically just Tencent and Alibaba
80% of the fund isn't Tencent or Alibaba
Hussman’s response to low interest rates being justification for higher stock valuations:
Ghost of Igloi wrote:
Hussman’s response to low interest rates being justification for higher stock valuations:
https://www.hussmanfunds.com/comment/mc201220/
Wow. He really calls out Trump and the other covidiots. I’m surprised to see Igy posting something like that given his own carelessness.
The only thing that is careless is your constant foaming at the mouth. No mask could prevent infection from that filthy orifice. ?♂️
Bummbull wrote:
I’ve been a TSLA bull and have bought a lot when stocks were much cheaper at around April before this gigantic run up. I believe that they have a bright future with what they can do.
Prior to this weekend, I’ve never actually driven a Tesla as the price point has been too expensive for me to actually buy one.
But now, used Model S are starting to be affordable and I bought one this weekend which is 2012 Model S P85 with 124K miles for $23.2K.
I am just blown away with this car and it came out in 2012! It gets 265 miles in range, 0-60 in 4 sec. drives really well, super comfortable, super modern.
Tesla is miles and miles ahead of its competition and it’s going to be like Apple taking over the phone market. Eventually, 1 in 3 or 4 cars will be Tesla. Their supercharging network is great where I can easily travel cross country with no range anxiety. Now that I own a Tesla, I’m considering to buy their solar panels and battery packs as well. I’m becoming their “sticky” customer where I would buy everything else that they make just like what Apple does with their customers.
If you own TSLA, I would definitely hold for the next 10 years. It will be a very volatile ride, and I’m sure we will experience a huge crash eventually. Probably not one but many mini crashes. But Tesla is the real deal and it will dominate the world’s energy, transportation, and whatever else Tesla gets into. I’m confidently adding more position even at today’s price.
Don’t let the bears on this board to scare you. I’m sure when TSLA dips big like a 50% drop, they’ll all come out and say how wrong I am where this post will be bookmarked. But if you have the stomach to ride it out, it will reward you handsomely in the future.
Bertrand wrote:
Ghost of Igloi wrote:
Hussman’s response to low interest rates being justification for higher stock valuations:
https://www.hussmanfunds.com/comment/mc201220/Wow. He really calls out Trump and the other covidiots. I’m surprised to see Igy posting something like that given his own carelessness.
He didn’t read it.
Ghost of Igloi wrote:
The only thing that is careless is your constant foaming at the mouth. No mask could prevent infection from that filthy orifice. ?♂️
“My sense is that passive investors will end up holding the bag here. Every security that is issued has to be held by someone, at every moment in time, until that security is retired. Every dollar that comes “into” the market in the hands of a buyer gets taken out an instant later in the hands of a seller. It’s impossible, in aggregate, for investors to “get out” of the market. There’s no point in advocating it, except for those whose risk-tolerance and investment horizon could not tolerate 10-12 years of negative average total returns with an intervening market loss on the order of 60-70%. The inescapable fact is that every dollar of paper “wealth” that someone takes out of stocks here is just a transfer of wealth from some investor who gets in at these valuations.
I realize that the projection of a 60-70% market loss seems just as preposterous as my 2000 projection of an 83% loss in technology stocks. The problem is that investors don’t seem to understand what they have done by responding to zero interest rates as if there is no alternative but to embrace market risk, regardless of the price. This will likely end badly. We don’t require it to end badly, but I do believe it will.”
—John Hussman
Ghost of Igloi wrote:
https://twitter.com/MarketRebels/status/1341120409605976064Bummbull wrote:
I’ve been a TSLA bull and have bought a lot when stocks were much cheaper at around April before this gigantic run up. I believe that they have a bright future with what they can do.
Prior to this weekend, I’ve never actually driven a Tesla as the price point has been too expensive for me to actually buy one.
But now, used Model S are starting to be affordable and I bought one this weekend which is 2012 Model S P85 with 124K miles for $23.2K.
I am just blown away with this car and it came out in 2012! It gets 265 miles in range, 0-60 in 4 sec. drives really well, super comfortable, super modern.
Tesla is miles and miles ahead of its competition and it’s going to be like Apple taking over the phone market. Eventually, 1 in 3 or 4 cars will be Tesla. Their supercharging network is great where I can easily travel cross country with no range anxiety. Now that I own a Tesla, I’m considering to buy their solar panels and battery packs as well. I’m becoming their “sticky” customer where I would buy everything else that they make just like what Apple does with their customers.
If you own TSLA, I would definitely hold for the next 10 years. It will be a very volatile ride, and I’m sure we will experience a huge crash eventually. Probably not one but many mini crashes. But Tesla is the real deal and it will dominate the world’s energy, transportation, and whatever else Tesla gets into. I’m confidently adding more position even at today’s price.
Don’t let the bears on this board to scare you. I’m sure when TSLA dips big like a 50% drop, they’ll all come out and say how wrong I am where this post will be bookmarked. But if you have the stomach to ride it out, it will reward you handsomely in the future.
That’s great with more competition.
Faster people will experience how great electric cars are.
Bummbull wrote:
It’s sad that no ones beating Flagpole and he just buys and holds.
1) That's not sad. That is typical. People who buy and sell and chase tops and bottoms are not likely to do well.
2) I don't consider what I do as buy and hold. Technically it is that as I have NEVER sold a stock I've bought since 1989, but what I do is really buy, buy, buy, buy, buy and hold. It's like this -- For the first 7 years of my marriage, my wife and I invest half of our income. As we then had children and made more money, we invested a smaller portion of our income. For a very short time we were down to 5%, but we have averaged a little more than 25% of our income now since those first 7 years when we were at 50%. We invest a set amount each month, and we have money that is "staged". This is money that is above and beyond our emergency fund, and we currently have zero debt including a paid for house, so this is really just extra money. IF the market has a big drop (and that happens maybe every year and a half or so), we put in EXTRA money. It's money we don't need and money we don't want to spend on anything else right now, so that's were it goes. We will not take from our retirement or non-retirement accounts until we retire.
It's hands off, play the percentages of 73% of years being up years, and just invest, invest, invest. It's not rocket science. It's just self control and patience.
Flagpole wrote:
[quote]Bummbull wrote:
It’s sad that no ones beating Flagpole and he just buys and holds.
1) That's not sad. That is typical. People who buy and sell and chase tops and bottoms are not likely to do well.
Why not?