buy and hold

I have owned TSLA starting from 2012 until now.

I have trimmed and added on the dips and trimmed again and bought again.

At one point I was up 500%

I kept trimming.

Now it is 20% of my pie.

The next phase of the Tesla story is going to be them conquering the mass production challenge.

I am confident that they will.

Frank

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AMZN has been pretty good too but I was late getting in (one yr ago)

I initiated a position in TSLA in 2013 at $38.57 per share. When it shot up to $195 per share, I sold 1/3 of my position. When it hit $204 per share, I sold another 1/3 of my position.

So, I only have 1/3 left, and in retrospect obviously wish I had held onto my entire position. But it seemed too much like a story stock that would probably not pan out, at least not any time in the foreseeable future.

So I really don’t have any regrets…I made my decisions to sell based on how I felt about it at the time. And it has been a very fun ride so far, I believe it is about to get even better, and I still have at least some skin in the game!

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AMZN has been pretty good too but I was late getting in (one yr ago)

This is a common fallacy, that you’re “late”.

I remember thinking I was “late” to PCLN back in 2010, after it had been on a tear for years.

What was left? Right, nothing.

And with that, I reluctantly bought anyways.


Buy date        Return       Vs S&P
03/15/2010      453.06%      348.28%
05/04/2010      399.88%	     304.30%	
05/18/2010      557.11%	     450.57%
06/04/2010      614.12%	     501.45%

Always invest with the mindset that this is the best use of your money right now, regardless of where a stock has been.

-Chris

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Chris
You are exactly right…
“always invest as if this is the best use of your money right now”.
My philosophy also.
Don