Krugerrand
Meow
Think of the story of the guy sitting on his house roof in a flood and someone comes by in a canoe and offers a ride. The guy answers, ‘No thanks, waiting for God.’ Given multiple opportunities to get off the roof by people in various boats, passing them all by waiting for God, the guy drowns. Once in Heaven, he asks God, ‘Why didn’t you come and save me?’ And God answers, ‘What do you think all those people with boats were for?’Days like this bring misgivings for me.
A few years ago I decided to look at my retirement savings (money has never been a goal). They were in such a state of disrepair that it was not going to happen.
Here is the important part. I looked at all the options recommended this near to retirement: diversification, stock to bond ratios, whatever averaging... S&P 500.
If I followed any of those plans and if they worked perfectly, the outcome was the same: No retirement for me.
A lot of people are happy following plans, even if a perfect outcome results in failure! "Look, if we do that and things work perfectly, we still lose!"
So the "all" in on TSLA was an act of desperation. Not crystal ball clarity about anything. A expression of a preferred direction. yes.
But in actuality, I had no other choice.
The misgiving is that since it was an act of desperation, not foresight, I could not recommend beyond saying, "I like the way he applies capital. He creates jobs for lots of people. He is helping make the environment better and our future better." So the only weight of my advice was altruistic. I could not see the future.
Somehow images of Jimmy Stewart.
The people on this forum did help me make this now wise appearing choice. Thank you all.
You’re the guy on the roof who accepted a life saving boat ride. Give yourself some credit, man! You recognized the situation and made the right choice. Not everyone does. That’s on them, not you.
Congratulations!