The Accountant
Active Member
OT
Having been retired for 2 years now, I have watched my “all in” position grow 7x in just over two years. I was in the automotive industry for my entire life and received factory training from four different OEM‘s. I was at Saturn when GM decided that the China market for Buick was more important than the domestic market for the new hybrid Vue that was demonstrated at our dealership and that I received training for.
The various posters to this forum that have and still provide unique insight to this company have been invaluable to my wife and myself.
My experience in retirement started out with selling enough stock to last one year. I was going to do this to “have a reliable income stream”.
What I have found is now I just take a monthly ”draw” to cover living expenses (Due to our TSLA investment we actually have a better lifestyle now).
Even if we lost 3/4 of our investment, we would still be able to live comfortably.
Back to Tesla.
We watch almost daily the progress of the three factories, watch/listen to every quarterly, annual and special event.
Tesla, in our opinion, is the safest place to put our retirement savings.
Tesla paid for our Model Y, paid for our trip to Europe, paid for 4 sets of braces for the grandkids. We have a solar roof and an electric pontoon boat on order that we will be paying cash for.
The funny thing is the more money we take out and “spread around “ the bigger our pile grows.
(Not to mention the donations to various originations.)
Everyone has a different tolerance for volatility.
My situation is very similar to yours. Many on this forum can't understand why someone in retirement would be "all in" on TSLA.
Your comment "Even if we lost 3/4 of our investment, we would still be able to live comfortably" nails it.
Many retirees have done so well with buying and HODLing TSLA, that they will never spend all of their wealth in their lifetime.
TSLA could drop to $250 and I would still live comfortably. Your mindset changes from "how do I attain wealth?" to "what am I going to do with this wealth?". I am sure there is another thread that discusses this question.
Also working in the auto industry your entire life likely gave you the insight that Legacy auto was not going to catch up to TSLA and with that the confidence to go all in. I worked at 3 different Legacy organizations within Consumer Products, Pharma and Retail and it was this experience that gave me the insight that Legacy Auto would never catch TSLA due to resistance to change, failure being penalized, wrong skill set, weak middle management, yes men, internal politics, quarterly earnings pressures, senior management with the incorrect vision, etc.
Congratulation on your successful retirement.
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