Elon Musk started a price war that Tesla can't win

[Fritz]

Carnos Jax wrote:
The mindset of ultra-luxury car buyers are very different than most of the rest of us.

heh, heh, heh, yea

[Carnos Jax]

btfc wrote:
Diversify Now!

What would you recommend other than an index fund?

[btfc]

I made my millions in real estate.

I make my income through high quality, dividend producing, stocks.

My “job” is increasing the value of both…

[Carnos Jax]

Makes sense for you. Once you’re wealthy, you need to switch to wealth preservation mode,

[btfc]

Wrong again.

[btfc]

You should invest in lottery tickets…

[Carnos Jax]

btfc wrote:
Wrong again.

Why? Once you're wealthy enough, and don't care to actively manage your investments (because you want to do other things with your time....which is the whole point of having wealth), why would you put yourself in more risky investments? Naturally I'm not talking about your entire portfolio, just what you need to satisfy yourself, risk the rest as much as you want. For example we'll pretty soon reach a point where we won't need anymore, so we'll set aside that in conservative assets, and let the rest continue to grow wild.

[Carnos Jax]

btfc wrote:
You should invest in lottery tickets…

Again, why? As it is, we're sitting on a 13x gain since the beginning of 2017 (prior to that we were in index funds or AAPL). On average you can only expect a 2-3x return during that time period. Do you know a way to make more? If so, for the good of the group, please share.

[btfc]

I did. You’re not listening.

Call me when you get similar results going forwards.

Might as well go to Vegas…

[Carnos Jax]

btfc wrote:
I did. You’re not listening.

I am, but you're not saying anything.

btfc wrote:
Call me when you get similar results going forwards.

Might as well go to Vegas…

That's what someone who has inadequate understanding of a particular investment would say. And to be fair, no one should be investing in something they don't understand (or the degree of investment should reflect that). This is why most people should keep their money in index funds, there are better things to do with your time, unless of course it's your hobby (which for my brother it is).