I also liked that "around three-quarters of Tesla’s stock is held by major institutional investors — companies who have built their empires based on choosing good stocks. Furthermore, institutional investors have recently been increasing their stakes in the company".
These investors usually (not always) know what they're doing.To cut a long story short, I invested.
It's not been the prettiest of rides, especially in early April, but the stock is up 46.44% from that low, and the last couple of weeks have seen the red turn to green with some breathing room, and I think there is plenty more upside.
I wish it had been a six figure sum, because at the close yesterday, the stock was at $1,371 and after-hours was up to $1,432. The lower figure represents an ROI of 336.58%.
Bullish at this level I'm not so sure about, but while I'm not looking at selling just yet, I certainly wouldn't recommend buying at this level.
Boeing were up 57.56% about a month ago, but have since fallen back to +28.44%.
This would normally be a great return after five weeks but now feels slightly disappointing!
The second quarter just ended was a record for the spreadsheet (+14.3%), with the markets bouncing back strongly from their March slump.
The S&P 500 is down just 1.6% for the year, although the FTSE is struggling again as I warned in January 2018:
Bullish at this level I'm not so sure about, but while I'm not looking at selling just yet, I certainly wouldn't recommend buying at this level.
This would normally be a great return after five weeks but now feels slightly disappointing!
The second quarter just ended was a record for the spreadsheet (+14.3%), with the markets bouncing back strongly from their March slump.
The S&P 500 is down just 1.6% for the year, although the FTSE is struggling again as I warned in January 2018:
In more traditional financial markets, once again the main US benchmark index outperformed the UK's FTSE100. Only 4 times in the last 24 years has the FTSE prevailed, and the disaster that is Brexit means the US and Overseas markets are where most of my investments will again be in 2018.I used to enjoy reading Wayward Lad's Pension Builder blog, but updates these days are few and far between with the last update back in February. A lot has happened since then, but overall his portfolio doesn't look to be in terrible shape.
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