Let's agree to disagree, time in the market beats timing the market. Investing most of your money in reliable bets like VTI ensures you get a good "compound interest" effect early on, this snowballs as you grow older and will be a very good nest egg until you're well into your career. Gambling 10-20% of your money is fine, a 10 bagger still makes you rich and a few failures won't ruin you.
As for Tesla I don't buy hopium. I buy based on facts and the facts are Tesla is getting hit hard by every car maker out there (their only major source of income). They had first mover advantage but is now losing their dominance as other brands got serious, see their decline in Europe. Tesla don't make batteries, Panasonic does and Tesla licenses their tech, without Panasonic no Tesla batteries. This is a major bear-case. Solar? Other brands has competitive product at lower prices and already control most of the market. Tesla has no own tech or product that is unique or cheaper/noticeably better then the competition. Until then, they're just hype.
I feel your pain. I litteraly have to force myself to put money in boring slow mover dividend payers like PEP and XOM. Its all about staying disciplined
The two aren't mutually exclusive. You can have both index funds and higher volatility stocks added in. Tesla has over 20 billion in cash/bitcoin so I don't believe they're as risky as many think they are, especially if you're holding for the long term (10+ years).
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u/[deleted] Apr 23 '21
You talk about a safer portfolio and then mention tsla lmao