Finally seen my dividend shares in UK account.
General thanks to this forum which is the only one I really read in TMC anymore. Despite so many Bulls it is actually the caution and counter-arguments herein that encouraged my fairly risk averse approach to HODLing.
Took me a while to buy shares even though my car is now 5 years old...had little spare cash last year but spent £6k on $230-$300 shares. When I sold property and had cash on hand in July I was already in massive profit, so I chucked another £19k into TSLA when I luckily timed the late July $1416 dip knowing the likely impact of any share drop would result in still being up.
I am currently £50k up on £25k investment and might chuck another £20k-£50k in this week, knowing even a big dip would not leave me worse off than I started last year and I do not plan to touch these shares for 5yrs, 10yrs or maybe longer. Due to the property sale I have plenty of cash doing nothing in the bank, but do not want to get greedy or burnt and this recycling of gains feels like a decent balance.
I doubt I will ever bother understanding leaps, calls, puts or swinging and I am not bothered about diversifying, because I know a lot about TSLA but not so much about the NIOs, Zooms and general tech start-ups that might be one-trick ponies vs the multi-sector disruptor that is Tesla.
Anyway, cheers and I will continue watching from the sidelines. Although if things get silly in next couple of years I might start dabbling more.
General thanks to this forum which is the only one I really read in TMC anymore. Despite so many Bulls it is actually the caution and counter-arguments herein that encouraged my fairly risk averse approach to HODLing.
Took me a while to buy shares even though my car is now 5 years old...had little spare cash last year but spent £6k on $230-$300 shares. When I sold property and had cash on hand in July I was already in massive profit, so I chucked another £19k into TSLA when I luckily timed the late July $1416 dip knowing the likely impact of any share drop would result in still being up.
I am currently £50k up on £25k investment and might chuck another £20k-£50k in this week, knowing even a big dip would not leave me worse off than I started last year and I do not plan to touch these shares for 5yrs, 10yrs or maybe longer. Due to the property sale I have plenty of cash doing nothing in the bank, but do not want to get greedy or burnt and this recycling of gains feels like a decent balance.
I doubt I will ever bother understanding leaps, calls, puts or swinging and I am not bothered about diversifying, because I know a lot about TSLA but not so much about the NIOs, Zooms and general tech start-ups that might be one-trick ponies vs the multi-sector disruptor that is Tesla.
Anyway, cheers and I will continue watching from the sidelines. Although if things get silly in next couple of years I might start dabbling more.
