The official lounge stock market & investment advice thread

[BostonGuy]

Great profile of Elon Musk

Head butting cars on the assembly line

Doxxing short sellers on Twitter

Over 50 executives have recently left Tesla, including head of sales and head of manufacturing #StableGenius https://t.co/ZBmR8p1nih

— Gabe Hoffman (@GabeHoff) August 31, 2018

[Don Pichardo]

Musk is brilliant but horrible CEO.

Incredibly mismanaged company. I have no doubt they lie about numbers over the summer.

In the “Jenner rips Snapchat” thread from earlier this year I broke down how Tesla was ****ed up and a horrible investment at this time.
I made nice money flipping OTM $300 puts.

Here in Cali people line up for blocks to our money down on their cars. Tesla’s are every where here. They will be just fine.

[Don Pichardo]

Do you guys consider the Acorns app to be a good way to get into investing? Thinking of throwing a few hundred down into their "aggressive" portfolio and seeing what happens.

It matter not how great acorn is. 200 bucks won’t grow to much. To
Make money huh need to substantially invest.

[siablo14]

Any Tesla investors in here? It's been a pretty wild month for Tesla as Elon Musk tweeted out that he was considering taking the company private and would buyout investors at $420 per share. He even said that the financing was in place to execute this buyout.

Fast forward a couple weeks later and he basically said "Oh, I changed my mind after talking to investors."

So far I have stayed away from this stock because of Musk's record of coming short of lofty production goals and the company's continual cash burn. I admire Elon Musk immensely but there's seems to be too much unpredictability for my risk appetite.

The Saudis backed out.

[siablo14]

I love reading stories about Musk. There was one last week where he said he works 120 hours a week and sleeps on the factory floor...

And as you know, he regularly makes unrealistic and overly ambitious forecasts for Tesla's production runs. However, I do have a lot of admiration for someone who leads like that and has that much confidence in himself.

I heard the cars are faulty and get sent back for repairs frequently.

[hogwash]

Have any of you guys ever invested in startups?

I've recently invested in one that's supposed to be the equivalent to Robinhood for UK and EU market

[i_am_a_champ]

Have any of you guys ever invested in startups?

I've recently invested in one that's supposed to be the equivalent to Robinhood for UK and EU market

Whats that

[hogwash]

Whats that

It's Called Freetrade, zero-fee app-based investment platform (stockbroker).

[i_am_a_champ]

It's Called Freetrade, zero-fee app-based investment platform (stockbroker).

Will that let me start trading straight away?

[HOUDINI563]

If you are younger than say 50 years old invest aggressively in large growth mutual funds. Forget bonds. Idea here is to grow your money. As you pass 50 add bonds to your portfolio as a recession hedge. If you start young, mid 20’s, you will be rich by 60 and ready to retire at 62.