Originally Posted by Hog's Gone Fishin:
So , is this a good strategy???
Find mutual funds that have a really good return over the last 1 year/ 3 year period.
Pull up their portfolio and look at their top holdings
Invest in their top three since they are driving the return they're getting.
For example : ARKW which is actually an ETF is 62% 1 year and 41% 3 years
Their top 3 holdings are TSLA, SQ, ROKU
All have blown away the market over the last year.
Thoughts?
If I had some confidence the trend would continue with those stocks I'd be the guy that just bought the ETF, especially with those returns. I like pretty safe bets. Too often the past performance doesn't predict future performance when it comes to this stuff. [Reply]
I know tons of people are making money on Tesla, and I am admittedly tempted to buy some individual shares (I already have some by means of my index funds).
I am just too risk averse to buying at the current price. I think they are a great company with a tremendous future, but I think it is completely overvalued.
Granted, if you believe in them long term it's not a bad time to buy, but I expect a market correction. Then again, people have been talking about a Tesla correction for ages [Reply]
Originally Posted by RunKC:
Apple and Tesla are damn good deals today. You would be a fool not to buy
LOL. I bought 2 Tesla and 2 Apple last week so now I have 10 and 8 after the split.
Up $1200
I've been in and out of Amazon the last 2 years but now don't own . I really want to buy a couple now because when they announce a split you're going to see a 60% run [Reply]
Originally Posted by SupDock:
I know tons of people are making money on Tesla, and I am admittedly tempted to buy some individual shares (I already have some by means of my index funds).
I am just too risk averse to buying at the current price. I think they are a great company with a tremendous future, but I think it is completely overvalued.
Granted, if you believe in them long term it's not a bad time to buy, but I expect a market correction. Then again, people have been talking about a Tesla correction for ages
I bought about $5k of Tesla three years ago, and quickly saw a notable decline. When it got back to breakeven I sold half of it and breathed a sigh of relief that I could lower my risk. I really wish I had that half back now. But the half that I kept is destroying worlds. $2,500 has become $19,000 in a year and I'm going to keep riding that flying unicorn. [Reply]
Originally Posted by Rain Man:
I bought about $5k of Tesla three years ago, and quickly saw a notable decline. When it got back to breakeven I sold half of it and breathed a sigh of relief that I could lower my risk. I really wish I had that half back now. But the half that I kept is destroying worlds. $2,500 has become $19,000 in a year and I'm going to keep riding that flying unicorn.
What are your thoughts on buying right now? [Reply]
