Knew I would be criticized. My net worth falls short to be an accredited investor. Still support Elon's mission and appreciate the help from this community. Hopefully there will be a pathway so that my 629 shares can make to the otherside(privatization).
Hi AZRI11,
This is not an advise, but just some things to consider among the many potential routes to your goals.
You might be able to cross the $1M net worth line by selling shares into a short squeeze. Create a Sell on Limit order for 628 shares @ $2,048 per share. If the trade executes, it nets you a million bucks after R.I. capital gains tax of 28.6% or adjust the following numbers to suit your situation:
Google maths
BTW, using the current share price ($355) or the offer price ($420) does not affect this math. Only the effective tax rate and number of shares sold does. Experiment with the google maths above to see that.
In this scenario, you would have the net worth to become an accredited investor before buying back into TSLA. The buy back could be done after the squeeze if the price comes down, or use the 1 share retained to keep your foot in the door, and to increase your TSLAP shares during one of the bi-annual buy/sell auctions.
Of course, you wouldn't put the WHOLE million back into TSLAP, because that wouldn't be prudent. But you could easily pick an allocation that satifies you investment goals, increasing your holdings and setting aside a nice sum of aftertax money for you and your family.
Of course, one other risk is that the 4.9x mulitple for the peak of the squeeze is
exceeded, and you miss out on some upside. But then you are still a Tesla millionaire, and that's not too bad.
On the other hand, if the squeeze
doesn't happen, the reason could well be because the "go private" motion doesn't get support from 2/3'rds of TSLA shareholders. In that case, you won't need to be accredited to continue as an investor in publicly traded TSLA.
Good luck, and let us know what happens!