i’m an index fund investor. i own exactly 2 shares of stock outside of a mutual fund (TSLA) for the wild ride funzies. i’ll add 2 shares of SpaceX (SEX?) if it goes public.
do you own TSLA shares? will you buy SpaceX if available?
i realize that the index investors among us already own TSLA indirectly. my question is about individual shares.
No.
No.
do you own TSLA shares? will you buy SpaceX if available?
No and no.
I don’t buy individual shares because doing so is entertainment not investing, right, we all know that. And my entertainment budget gets blown on ice fishing.
If I was going to buy a stock for funsies, the absolute last place I would go is anything musk related. I’d be more inclined to buy stocks in some company that I think does good things. Whatever that means.
That being said, my index funds are all in the TSX. I think the prevailing attitude is that index funds should have an international component but I’ve never seen the actual math on that specifically so I just ignore the idea.
Tesla has a lot of competition (don’t see them coming out on top long-term given the fundamentals). I don’t have them in my PF.
SpaceX does not have a lot of competition. I would definitely consider having some shares in my PF as they would have 5-10 years of growth before others could potentially catch up.
Not for me. Elon Musk is brilliant but he’s too unstable and it seems like he chases a different shiny object every couple years and he’s way too eager to disregard the principals of financial management, witness especially the acquisition of Twitter.
Not to mention DOGE.
I took my entire DOGE check and bought Tesla shares!
I feel like Starlink could be a space junk liability. Or all the other crap he is sending off into space.
~10 years ago, I bought two stocks, Baidu and Tesla. I sold my Baidu position early and doubled down on the Tesla. It was very pleasing watching the price shoot up on the wild dream. I sold some when the price tripled, and more when they overtook Toyota, because it seemed like my bet was done.
Last year I noticed I still owned some, and closed out the position. In part because I don’t feel like it’s a special secret anymore, and in part Musk has become increasingly dishonest, incompetent and corrupt. I have never reviewed his autobiography or anything, but I vaguely suspect he was quite brilliant in his 20s and 30s, and burned out hard and fast. I think it’s normal for smart people to burn out that way, and more so if they develop bad habits like drugs, insomnia, and tweeting all day.
Of course, you don’t need to believe in Musk to buy Tesla or Spacex. They are bigger than he is. But Musk makes himself hard to ignore. And there’s plenty of other oddball Tech ventures to gamble on.
I’ve been index funds otherwise. Which I feel dumb about now, because the only thing I ever really believed in, besides tesla, was AI.
I’d also add that SpaceX is a little boring for the same reason that Tesla is boring, which is it’s already a romping success. It would have been a fun to bet in 2015 though. And it is still fun to watch Starship launches.