For a long time have I been very interested in long term investing (5+ years) in Tesla. Obviously, they are far in terms of self-driving, battery technology and the cars they produce are basically computers with four wheels. However, I have not purchased yet and the price is going up and up.
I have now two ways to do this investment. Start the waiting game and try to time the market. I guess this is a very hard task, since timing the market is close to impossible. Invest now and be part of the hypetrain, but hold my stock through the downfalls.
Obviously, this is a bubble. I am not a financial expert, but it seems like one can still win if you buy stocks in bubbles and hold it hard through market downfalls. Being part of the hypetrain is not necessarily a bad thing. If this is like the internet bubble, it can last for up to many years.
What is your thoughts on holding on stocks through bubbles? Is it just full of madness? Is this still a stock for long term investors?
Submitted March 16, 2021 at 04:45AM by BlueHotChiliPeppers https://ift.tt/38KbAt8
