I felt pretty stupid this morning buying more and more chairs today. I had bought many around 1200 then watched the account shrink as I rode them all down in slow mo. It was deja vu, but a bunch of things clicked.
The All-in was something I’d never done. I thought others who did this where reckless. I always wanted a buffer and justified it as necessary for buying the dip.
But the dips came, I bought a few, but always kept some close, along with some BTC and some ARKK as if to diversify.
My plan up until yesterday was to use the cash to pay off debt next Jan, and would likely have sold even further.
Some credit goes to Radish (something or other) for posting that total exit this week. That post, followed by silence, hit me funny. Everyone replying, it just seemed planned and I kept reading it over and over. I don’t know this person and some defended the move respectfully, but being somewhat of a contrarian investor I used that info to my benefit and wanted to prove I was right. I was on a mission to do the opposite, and then the lightbulb came on!
I don’t know how many times I’ve read here about how much money was missed out on, all because someone bought a Model S instead of investing in TSLA a decade ago.
Then, get this, sailing this week on a sunset cruise, I met a banker. Who was his client? None other than Tesla Solar! He wrote the solar loans and I got a nice dose of reality. He recommended that a typical solar loan under 6% interest should not be paid early. (He also shared how the product was only 1/3 the total cost as an aside.) His info was a green light for me to keep all my loans, mainly because of inflation. I guess I’m not done with banks after all.
I’ll spare the details on all the things I’ve learned here over the years, and the long list of folks who taught me to see the FUD from the facts, but my investment plan took on a new vector today.
I didn’t quite make it to all in, but pretty close and the week isn’t over yet. I have no idea if this was the best move, nothing is certain with TSLA month to month, but the trend line continues to soar overall. That’s why I HODL.
My one call option will likely depart soon, maybe I get a return, maybe not. I have trouble using the very instrument that Elon opposes while still talking the talk.
I can’t thank Elon and the teams enough for their hard word and solid drive and focus. We are changing the world and investing in the company helps us all do better so he keeps them incentivized. It’s a completely connect ecosystem.
As they say, if you don’t stand for something, then you don’t stand a chance (or stand for no reason, or you’re just sitting… something like that). Now let’s light this thing already!
Cheers!
