07-28-2013, 06:07 PM
I've never been able to invest in safe, reliable, dividend-producing companies. I find it too boring. I always want to find something risky that is either going to crash and burn or go to the moon. You always hear about those people who invested $1000 in Apple or Berkshire Hathaway 10 or 20 years ago, and now are multi-millionaires. The trick is figuring out what is going to be the next Apple or Berkshire (not that financial blogs aren't always happy to tell you about 500 different companies are definitely the next Apple).
Anyway, I'm putting my bet on Telsa (TSLA). It's already up about 300% this year, but I'm going to try to bet on the long term...not trade it at all for at least 10 years and see how it looks then. I wouldn't be surprised if it drops a lot in the short term (Apple went from $198 in 2007 to $95 in 2008, and from $700 to under $300 in the last year), but I think it could be massive in the long term.
Tesla's cars are getting rave reviews from everyone, and Elon Musk seems to be a genius in the mold of Steve Jobs. Having conquered electronic banking (PayPal), electric cars (Tesla), solar power (SolarCity) and space (SpaceX), and his next project is a train that can travel from LA to San Francisco in 30 minutes, twice the speed of a plane, for a fraction of the cost, entirely solar powered, and that leaves whenever you arrive - no schedule. So far everything he's tried he's succeeded spectacularly in, so I think he's someone worth investing in.
Of course Tesla hasn't actually made a profit yet (like Amazon in that way), but the Model S has a 99 score from consumer reports and raves from car magazines and consumers. Their next car, the Model X, is supposed to go from 0-60 in 5 seconds - this an electric car. So even though they only sell around 17k cars a year right now, if they can make electric cars go truly mainstream, I think they can have a great future. The Prius only sold 18k in it's first year...now lifetime sales are over 3 million.
Anyway, I'm putting my bet on Telsa (TSLA). It's already up about 300% this year, but I'm going to try to bet on the long term...not trade it at all for at least 10 years and see how it looks then. I wouldn't be surprised if it drops a lot in the short term (Apple went from $198 in 2007 to $95 in 2008, and from $700 to under $300 in the last year), but I think it could be massive in the long term.
Tesla's cars are getting rave reviews from everyone, and Elon Musk seems to be a genius in the mold of Steve Jobs. Having conquered electronic banking (PayPal), electric cars (Tesla), solar power (SolarCity) and space (SpaceX), and his next project is a train that can travel from LA to San Francisco in 30 minutes, twice the speed of a plane, for a fraction of the cost, entirely solar powered, and that leaves whenever you arrive - no schedule. So far everything he's tried he's succeeded spectacularly in, so I think he's someone worth investing in.
Of course Tesla hasn't actually made a profit yet (like Amazon in that way), but the Model S has a 99 score from consumer reports and raves from car magazines and consumers. Their next car, the Model X, is supposed to go from 0-60 in 5 seconds - this an electric car. So even though they only sell around 17k cars a year right now, if they can make electric cars go truly mainstream, I think they can have a great future. The Prius only sold 18k in it's first year...now lifetime sales are over 3 million.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market