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Member
Posts: 18,742
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Warn: 30%
May 6 2021 09:44am
Down 25% since peak. Yikes. Plz Cathy gibfree
Member
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Joined: Jul 2 2007
Gold: 633.87
May 7 2021 10:04pm
Too big. Overpriced names. Sell, sell, sell.
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May 8 2021 08:18am
while the fund had an incredible run last year, it was due to the over performance of tech and tesla. so once that growth slowed down, this was bound to happen

i moved all my retirement funds plus new additions into tech heavy last april/may. mentioned my reasoning a few contemporaries and they did something similiar. rebalanced them this january. sure i could claim investment foresight but it was kinda common sense (you couldnt really achieve any growth last year outside of crypto) and i didnt charge 1.5% fee or whatever ark does
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May 8 2021 10:01am
Quote (excellence @ 8 May 2021 10:18)
while the fund had an incredible run last year, it was due to the over performance of tech and tesla. so once that growth slowed down, this was bound to happen

i moved all my retirement funds plus new additions into tech heavy last april/may. mentioned my reasoning a few contemporaries and they did something similiar. rebalanced them this january. sure i could claim investment foresight but it was kinda common sense (you couldnt really achieve any growth last year outside of crypto) and i didnt charge 1.5% fee or whatever ark does



Following
Member
Posts: 33,860
Joined: Jul 2 2007
Gold: 633.87
May 8 2021 11:06am
Every time we've had a "valuations don't matter!" moment, the crash has been right around the corner. The future growth required for a company to be worth 1000x earnings is astronomical. TSLA is 10x overpriced.

It's time to run, not walk, to the exit.
Member
Posts: 18,742
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May 8 2021 11:25am
Quote (bogie160 @ 8 May 2021 13:06)
Every time we've had a "valuations don't matter!" moment, the crash has been right around the corner. The future growth required for a company to be worth 1000x earnings is astronomical. TSLA is 10x overpriced.

It's time to run, not walk, to the exit.



RIP
Member
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Joined: Oct 25 2006
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May 8 2021 01:50pm
Quote (bogie160 @ May 8 2021 12:06pm)
Every time we've had a "valuations don't matter!" moment, the crash has been right around the corner. The future growth required for a company to be worth 1000x earnings is astronomical. TSLA is 10x overpriced.

It's time to run, not walk, to the exit.


Agree. A thousand times agree.

I thought about buying a put 2 years out, but based on the prices it seems everybody else agrees.
Member
Posts: 36,898
Joined: Oct 20 2007
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May 8 2021 04:35pm
Quote (bogie160 @ May 8 2021 01:06pm)
Every time we've had a "valuations don't matter!" moment, the crash has been right around the corner. The future growth required for a company to be worth 1000x earnings is astronomical. TSLA is 10x overpriced.

It's time to run, not walk, to the exit.


:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
Member
Posts: 33,860
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May 8 2021 06:51pm
Quote (S3th @ May 8 2021 06:35pm)
:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:


Don't call it a grave, it's the future you chose.
Member
Posts: 36,898
Joined: Oct 20 2007
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May 8 2021 07:08pm
Quote (bogie160 @ May 8 2021 08:51pm)
Don't call it a grave, it's the future you chose.


Don't worry about me. I'm buying and holding Tesla until I die.
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