I Sold These Stocks To Buy More Tesla

TL;DR

Steven strategically sold various stocks in 2019 to buy discounted Tesla stock, resulting in significant financial gains.

Transcript

Hey, I'm Steven and this is Solving The Money Problem. In December 2018, Tesla stock began to decline from a recent peak. I kept an eye on the things and by late January, with the stock down almost 20% in just a few weeks, I decided it was time to begin selling some other stocks to take advantage of the discount on Tesla. In this video I’m taking y... Read More

Key Insights

• 🔬 Steven's decision to sell other stocks and invest in Tesla resulted in a 91.5% increase in the value of his Tesla stock.
• ❓ The performance of Tesla stock demonstrated a clear disconnect from the company's actual growth and success.
• 🌸 Despite selling some stocks at a loss, Steven's overall portfolio gained significantly from investing in Tesla.
• 👨‍🔬 Steven's investment strategy highlights the importance of conducting thorough research, reasoning, and taking decisive action in investment decisions.
• 😨 Skepticism and fear of making mistakes often prevent people from taking action, resulting in missed opportunities.
• ❓ The opinions and judgments of others should be scrutinized, especially in matters of investment and financial decisions.
• 👣 Qualifications and a track record of success should be considered when seeking or receiving advice.

Questions & Answers

Q: Why did Steven decide to sell stocks and invest in Tesla?

Steven noticed the decline in Tesla stock while the company was growing, which indicated a market disconnect. He strategically sold stocks to take advantage of discounted Tesla shares.

Q: Did Steven make a profit or loss on each stock sale?

Steven made profits on most of the stocks he sold, ranging from 50.9% to 187.58%. However, he sold Activision Blizzard at a loss, believing that the temporary opportunity in Tesla was more lucrative.

Q: How did the stocks perform after Steven sold them?

Some stocks continued to increase in value after Steven sold them, but Tesla's stock outperformed all of them. This suggests that investing in Tesla was a better decision in terms of financial gains.

Q: What is the key insight from Steven's investment strategy?

Strategic selling of stocks and investing in a promising company like Tesla can lead to significant financial gains, even if some stocks are sold at a loss.

Summary & Key Takeaways

• Steven observed the decline of Tesla stock and sold 15 other stocks to take advantage of the discounted Tesla stock.

• He systematically analyzed each stock, comparing their performance to Tesla's, and determined that he made a wise decision.

• Despite selling some stocks at a loss, Steven's overall portfolio benefited from investing in Tesla.