Investing Mistakes To Avoid - My $170,000 Mistake - Tesla Stock

In this video, I talk about some investment mistakes I have made with Tesla stock. Hopefully you guys can learn from my mistake and not miss out of great companies like Tesla and many others out there.
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DISCLAIMER: I am not a CFP, CPA, attorney, insurance agent, mortgage broker, or financial advisor. These videos are for educational purposes only and I am merely sharing my opinion and experiences. Please do your own research or consult a professional!
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[@oldschoolisnewschool]

I found you on your phorunner chanal. U was wondering what you did for a living. I thaugh you were a mechanic because u had lots of cool tools. But u also was thinking that you could have a desk job. I like the 2 chanels. Keep up the good work.

[@MillennialFinance101]

i'm a techie

[@saraswotithap3739]

This reminds me of the time I missed buying aaple back in 2002 for less than $10.

[@MillennialFinance101]

I had $5 to my name in 2002 lol

[@saraswotithap3739]

@@MillennialFinance101 no I had $2000 to invest and the decision was between apple and microsoft. I ended up buying Microsoft and selling it around 2005.

[@leteriosims1936]

You're awesome! Great speaker! I enjoy the way you present your ideas. Good sense of humor!

[@MillennialFinance101]

Thanks for watching!

[@msrappinmama]

Love that you speak fast! You get alot of information across in a short amount of time! I love your delivery! New fan here!

[@MillennialFinance101]

Welcome!

[@darrenjames6309]

You only know it's a mistake in hindsight, taking profit is not a mistake. We can all say we 'wish' we bought or held some stock, some people may hold and it losses so I don't see this as a mistake

[@MillennialFinance101]

True. Some profits is better than none!

[@hermoinegranger68]

“Buy long term and hold”. Im a new investor and I’m still working on this right now.

[@MillennialFinance101]

It's real tempting to keep checking or sell if things hit the fan or if they go up big. Hopefully things work out for your stock and you win big!

[@rosstessien6677]

Tesla will go up 10x from here Also, giga metals

[@MillennialFinance101]

@@rosstessien6677 my 20 shares are doing well still :). I bought 7 more (post split) at 350~.

[@kurpal8904]

I’m still holding and plan on selling at $2500 or $600 after the split...what are ur thoughts? Hold or sell?

[@MillennialFinance101]

Hold hold hold! Exponential growth coming for this company long term

[@lynninfinite]

I’ve driven a Tesla before. Very smooth and it’s the best electric car.

[@MillennialFinance101]

I drove the model 3 (my coworker had one of those too and I was slightly impressed with it also haha). The self driving was nerve wrecking but seems like a big winner for long distance driving (but tesla isn't really made for long distance driving). But the slighly longer charge time doesn't seem to bother people, which is good for Tesla

[@juanvenegas5253]

I did the same thing. Invested in a company but didn’t know anything about it. It tanked. I just assumed stocks go up. Lost about 80% before I sold! Now it sits at down 90%

[@MillennialFinance101]

That's good you sold and moved on.

[@juanvenegas5253]

Awesome!

[@MillennialFinance101]

Thank you! Cheers!

[@quinnbi8716]

Ouch, goes to show we can’t predict the future. Thank you for sharing your experiences though your high and the lows!

[@JessieOpportunityCostInvesting]

Opportunity cost is something else eh? lol I have to applaud your decision though because TSLA is a pretty unusual case and you'd probably been right the other 9/10 times. Thanks for sharing!

[@MillennialFinance101]

thanks for watching. I have some Nikola stock now ;)

[@Oboro911]

The question right now is did you sell?

[@MillennialFinance101]

lol nope..... hanging on!!!!! what a day haha

[@marcissidoro4974]

Great confession. Don’t invest in something you don’t understand. Or don’t believe in. You can have a second chance now..... to buy now Tesla stock and start over and hold them for 5 years.

[@MillennialFinance101]

Yup!! Just 4 shares (now 20 due to split). Keeping forever to see this master plan unfold!!

[@brickhunter9537]

I believe TESLA is at least an iPhone of auto. I expect Tesla to achieve 30% auto market sales.

[@INVERTEDBUKAKI]

@@brickhunter9537 lol stop it. It's the hummer of the 00s and becoming a mockery

[@lynninfinite]

I try not to live with greed regrets! You were up $5,000! Profits are profits! And Tesla is a stock of its own nature, it doesn’t make sense but I’m on the crazy train now 😎👍🏻

[@MillennialFinance101]

lol welcome to the chaos

[@Decebal825]

yeah it may sound bad but it's not like not buying those 1000 bitcoins at $5 bad

[@MillennialFinance101]

I mean if I owned bitcoin and sold... yeah that’s would suck lol

[@ellaestaterealty]

Great story. Great clickbait. Lol Love your honesty and you sharing what you learned from the experience. I really appreciate that!

[@MillennialFinance101]

lol it hurts still. My real estate mistake hurts too :). I haven't talked about that one yet

[@lynninfinite]

Omg I’m trying to buy a Tesla stock but vanguard is so laggy right now!

[@MillennialFinance101]

The split just happened today! It'll probably be lame for a while. Vanguard is lame lol. I left them for charles. I'm going to try Fidelity soon. I left robinhood also due to the drama alerts and the ease of selling haha.

[@TheMiamiHeat]

I STRONGLY suggest buying and holding for 1 year MINIMUM. Do not dare even look at the price until 1 year has went by. Long term, this stock could see growth upwards to $7,000 valuations and even $22,000 by 2024.

[@MillennialFinance101]

@@TheMiamiHeat haha you would think my short term capital gains tax would have kept me holding. I'm stupid lol. Lessons learned.

[@lynninfinite]

Millennial Finance 101 - you should do a video on the best brokerage. I’m not sure how to leave vanguard lol

[@lynninfinite]

john noveck - It’s in my Roth IRA, I won’t get taxed on any profits :) but yes, I plan on holding. It’s a wild ride with Tesla

[@river_peak]

Ok but did you buy after the stock split??

[@MillennialFinance101]

No, I bought at around $1400/share so before the split :)

[@juanvenegas5253]

Don’t invest in companies you don’t know. And it’s still early to get in.

[@MillennialFinance101]

I know them now!!! haha

[@rosstessien6677]

You are doubling your mistake right now by not buying back in. Tesla is going up another 10X from here. So in 10 years are you going to make another tear jerk movie, or proudly go ka ching? You are lamenting as if the rise has ended.

[@MillennialFinance101]

it hurts

[@rosstessien6677]

@@MillennialFinance101 if you're not buying right now, then best to get out of stocks me thinks. Insanely low share price right now

[@rosstessien6677]

@@MillennialFinance101 yesterday I "lost" $260k. Today I made $120k. Yesterday after the loss I was still up 900% from my original investment last March. So, I focus on how lucky I am to be up 900%, not on how it hurts to be down 33%.

[@haileysivongxay7680]

What is stock😠

[@MillennialFinance101]

ownership in a company. A stock is just a small portion.

[@junechang6915]

Oh wow big loss.

[@MillennialFinance101]

missed opportunity!

[@junechang6915]

Millennial Finance 101 I bought shares of Tesla stocks in 2018 and sold them in 2019. I should have kept it too.

[@MillennialFinance101]

@@junechang6915 let's cry together lol