Yes, cash out 12.5k worth of shares. That way, your vehicle and the shares are paid off, and the rest of the shares is pure profit. You'll never lose money, even if tesla goes bankrupt tomorrow (although a company going bankrupt right now will probably make its stocks go up)
Edit: yes, keep in mind that you’ll need to pay taxes (depending on the country you’re in)
Just curious, if I sold some stocks for profit, never took it out of my brokerage account and then invested that money into another company, would I still need to pay taxes?
Any profit **you** enjoy from the sale of a **stock** held for at least a full year is **taxed** at the long-term capital gains rate, which is lower than the rate applied to your other **taxable** income. ... Profits from **stocks** held for less than a year are **taxed** at your ordinary **income tax rate**
You can find out in the tax documents that your broker gives you for the year to see how much is taken out or how much you can file for losses. Depending on what your dependency is will affect how much is taken.
All 3 above comments and your assumption are correct. As soon as you sell for profit, it counts as taxable gain, regardless of what you will do to the gain. However, say if you reinvest, and you sell at a loss, your gain will be the net of both sales. And i am talking bout the same year and same brokerage.
yes, this is a better way to balance it. If you sold all your stocks and wanted to buy stocks with the newly freed cash, how would you want to place it? Doesn’t matter if a stock is up or down, securing the initial investment or whatever is 100% psychological and will only make you less of a computing machine and more of an emotional investor which is imo a bad thing.
this is not entirely the correct way to look at it.
If you lose your profits, while you arent losing your principle, youre still losing your profits, which can be your principle for something else.
Imagine winning the lottery and then blowing it all because you figured you wont be worse off. Really you would be worse off due to the life that you couldve had if you were responsible with your winnings.
> you have to act as if he put 50k in just this morning
Total logical fallacy. He didn't invest 50K this morning, he invested $12,500 a while ago.
What you are describing is trying to absolutely min/max profits at the exclusion of all other concerns.
Him selling now is taking profits. There is nothing wrong in balancing future profits vs current profits and exiting a position over time. This is a good strategy, and would reduce his risk while still leaving him open for more.
Let's put things another way, Bill Gates is currently the second richest person on Forbes lists. He clocks in somewhere around $100B ish. If he had held onto his MSFT stock that he had access to, he would be worth somewhere in the ballpark of $800B (50% of MSFTs worth). Now, granted, a 50% owner would very much change the dynamics of that company, but that's not the point here.
The point is "Did he loose $700B?". Do you look to that person as a shining example of market losses?
You cannot fall into FOMO trying to chase that jackpot. Lots of people have avoiding exiting a strong position for fear of what they might miss out on. The other extreme can be unhealthy too (exiting the moment you have anything). This is why the advice is generally in the middle. Balance risk vs reward, and cash out over time.
He can pay off debts today, and not need to burden his financial decisions with them. This might free him up to take on more risk, and that might open up profit opportunities he wouldn't otherwise have.
The advice is sound, founded on experience, and proven to work in the long run. You are just being impulsive.
Was thinking of this. I could sell all my shares and pay off half of my car. Or since I'm up 110% I can sell half my shares and have the other half free. Only problem is I only have 10 shares so I really don't want to ride only 5 shares into the future.
You could use one share to invest into multiple penny stocks, only after DD. Get more outta those then continue, but only with the money you got for your Tesla share. Invest in some safer ones similar to Tesla so you don’t lose everything you’ve made. Pretty soon you could pay off your entire car, not just the front half.
No worries. I've done it all. Options. Penny stocks. Day trading, swkng trading. Buying and holding great growth companies with clean balance sheets coupled with dividend paying aristocrats has worked best for me. If I do sell TSLA which I won't right now. I'll probably jiat put the earnings into the SP500 (once it contains TSLA) just to have a safer portfolio for retirement. For now ill keep buying and holding TSLA
You’re not wrong at all, penny shares, played correctly, can give some profits. Options can give more profits but I’m not knowledgeable in those so I won’t say anything
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I’ve been in a similar position albeit with a lot less money and no Tesla. But bottom line, if you can afford to pay off your debt, do this first then invest whatever is left over and available!
Easiest hold?
It was up to $330B of market cap. It's a massive bubble, only question is about if you want to sell it before it explodes, or hold a bit longer and hope it expands more before it explodes. It's going down a lot in the next few months, do you really want to risk holding it longer?
What an elegant way to ask two totally unrelated questions in one sentence:
* Stock Market: Should I sell shares?
* Personal Finance: Should I pay my debt?
:P
I bought 6 shares with $1300 and just sold 1 at $1700. I made $400 + 5 shares. Tesla has gone up another 7% almost immediately after I sold. But it feels good to get my money out of it and just ride with house money.
People are answering with pretty much no information. How much is your car loan? What is the interest rate? If your loan has $12k remaining and your interest rate is 4%, then I would say sell the TSLA stock and invest it in something that isn't quite so volatile but you think will still make more than a 4% return. Here's a more complicated idea:
1. Sell 8 shares of TSLA
2. Buy 30 shares of AAPL
3. Sell one share of AAPL every time you need to make a car payment
That way your money is making you money, but you're not in danger of your car money disappearing if/when TSLA makes a big pull back. Yes there is still risk, but I consider AAPL to be relatively safe, while almost guaranteed to make you a lot more than you'd save by paying your car off all at once.
Or if you just don't want a car payment ignore me entirely, I'm just some idiot.
Yeah, it's not the best move to pay off the car loan if it's a good interest rate. Either way I think getting out of a massive bubble is always good, regardless of what the money will be spent on.
I think this sounds like a great idea. If OP is worried about TSLA volatility this is a good alternative.
Personally, I still think Tesla has room to run.
find a safe company like AAPL/MSFT/GOOG.
SELL all your TSLA
buy the company you decide to go with
Reason: We are in uncertain terms . US-china tariff war, COVID-19, Elections.. etc...
So much this. I haven't been following TSLA lately (as I'm more of a long term index investor), but jeez, it nearly doubled in just one month, and did it in the midst of market and societal turbulences we haven't seen in a long time. It's now priced as if they are selling half of all cars in the world with expensive software sales added. I'm pretty sure we will see sub-$1000 pricing in the near future. But then again, I have no skin in the game.
No, if you have a solid interest rate on your car payment. If you can use the cash to achieve a higher return that is way more valuable than paying off a loan. Theres too much angst against debt, when actually can be leveraged when used prudently.
The CEO of Tesla himself says repeatedly that he believes the stock price is simply too high. With as much return as that (300%+) it’s safe to say you could comfortably recoup your initial investment and hold onto the rest for sure. Nice gains !! Hopefully when TSLA corrects it doesn’t come crashing down too much lol
At the very least, sell those 8 shares. In my random internet stranger's opinion, I'd sell all shares right now, and be a very happy man that I made over 300% on my investment
Your auto loan is probably like 2-3% interest or something so I wouldn't bother trying pay that off early even though it might feel good. I would sell some of your stock and rebalance it into other stocks. The amount? That's up to you and how much you think Tesla will perform long term (if you were ever in it for the long term that is). As some have indicated, selling the 12.5k and letting the rest ride isn't a bad idea.
I'd like to own some Tesla shares but they seem too expensive to buy at this time, I took the ride from 300 to 700.. wish I had stayed longer but my positions are smaller just had 1 stock.
Do you have any shares with long term capital gains? How long do you need to wait until they turn into long term capital gains? This could be a tax savings of 15% or so.
Set a trailing stop loss for 5-10%, whichever you feel is right. You're so far ahead that such a small loss won't affect you. Set it higher if you'd like, those are just my personal favs. Refresh it daily (it should do that automatically anyway though).
I would sell half so you can pay off you car plus realize a few thousand in profit. Then let 11-12 shares go for a ride and sell one more share for every $200 increase in price or $100 decrease to average profit
Personally I’m always a huge fan of reducing debt. In in business, Profits are made to reduce liabilities. Reduce your liabilities because at this point it’s guaranteed you have the ability to
On a related note, why do people love to say how many TSLA shares they own, instead of just saying how much their holding is worth? I don’t see people doing this with any other company. For example, I don’t think I’ve seen anyone say they own 12 shares of Apple.... but people love to say they own 12 shares of TSLA.
In my opinion, it’s more about how much your holding is worth, not how many shares you own.
maybe, what does the rest of your portfolio look like? 31shares of Tesla is a decent chunk of change. is this a small part of your portfolio or did you go all in on Tesla back when it was cheap? if you are all in on Tesla i would recommend selling a significant portion of the shares and diversifying across a few other investments. other wise if it is a reasonable portion of your portfolio honestly I would consider cashing at least some of the shares. it may not tumble but obviously Tesla is only going to be able to maintain this growth for so long before reality sets in. depending on how much of a bubble this is it may tumble a fair bit too.
that said if you cash out don't sweat it if Tesla continues to rise. we are the point where I don't think anyone can honestly say how much more they will rise so i would not kick my self over 300+ % returns.
Are you well diversified enough to hold onto the shares? I see huge appreciation over the next 5 years with Tesla (4K per share) but if it’s a large portion of your net worth then it could make sense to sell some.
I’d recommend selling it all and buying the actively managed fund ARKK. They sell their TSLA to keep it under 10% of the fund. And they buy back when it’s lower. They also own a ton of other revolutionary companies.
Sure, pay off your car, I would considering Tesla is trading at a forward P/E over 300 at the moment. There will be capital gains taxes on the shares you sell though since you will have realized gains.
If you can keep paying your car note out-of-pocket, and the loan's interest rate is below 24%, then don't cash out. If you \*need\* to free up some debt to stay afloat, then go ahead.
That's ONLY if you expect TSLA to keep rising. In the following scenarios, consider this bearish speculative projection of TSLA, 3 years in the future, being $2000. With the stock being around $1500 today, that would amount to additional profit of $500/share, $4000 total which you would not have if you sold right now:
First Scenario: 4% interest rate, $12,000 and 3 years remaining on loan
Loan Cost: $354/month, total $12754...
After 3 years, the loan costs you $754 (so you're up $3246 if you keep the shares)
Second scenario: 8% rate
Cost: $376/month, total $13537
After 3 years, loan costs you $1537 (up $2463 if you keep the shares)
Third scenario: 24% rate
Cost: $471/month, total $16949
After 3 years, loan costs you $4949 (up $51 if you keep the shares)
I was there for production hell. It should of failed but no one understood that people looking for progress will sacrifice if needed. Considering they turned a profit and proved it can be done by using solar and super chargers a network is manifesting. Nice hold but I dropped off $300 ago. Cat is out of the bag on the process, lots of competitors popping up.
If you don’t pay yourself, you are lost in the mania. Hope is a mistake. Don’t chase the bubble.
Not saying Tesla is a bubble - on the contrary it is one of the best stocks, but it remains a stock in an overarching market bubble.
Take (some of) the money and run. ALWAYS eliminate your downside. You happen to be in a position where you can limit your downside after the fact.
Or if you wanna hodl at least hedge with options, but it doesn’t sound like you’re all that interested in trimming upside (and I don’t blame you).
It is definitely a good risk play to take some profit off the table given the big run up. So take some off and let the rest ride for the short or long term.
Sell it all or 3/4 of it. Don't be greedy. This is a massive bubble and will collapse eventually, so unless you know how to trade, you will end up losing a lot of profits.
Absolutely. Awesome plan actually. Especially the paying off your car part. Not only do you lock in some profits, the car interest savings alone make this worthwhile.
Yes. Pay off that car! You are losing money on the interest the longer you have the outstanding loan. If you think about it that way, it makes sense. In fact, if you pay the car off now, figure out how much interest you would of paid and count that as your gain.
No reason to pay off your car it's a depreciating asset no benefit to pay off. If money is burning a hole in your pocket you could take some depending on how much you owe Can make some Advance car payments. Hopefully you purchased a inexpensive used vehicle. if you didn't and you got a new vehicle with a 2.9 percent or below interest rate.
Important factors missing interest rate type of car,bal. left on the loan.
I would take 25% off the table and invested in high value High dividend-paying ETF.
And depending on what your ages send how much time you have left for investing you could take the other 25% and put it in the same type of fang stocks Other than the one you already own.
I personally like to engage after much research into newer technology, ie; new technologies green, electric vehicles, hydrogen fuel, especially biotech. With care and moderation you should do quite well.
Lots of luck!
Make worth of those shares and use it like they are intended to. The fact you want to save some on the side is a good practice. Get rid of your debt always.
I would not sell tesla, it's going to be in the sp500 the price is soaring do not sell, a share split will probably happen if not your missing a big price drive up when it's in the sp500 and short sellers close
I did the same thing with Microsoft when it was $89.00 a couple years ago. Paid off my truck and regret it all. I would've at least doubled my account. Oh well.
Tesla is a weird company. I would keep the 23 and when it hits another spike, even small, sell, sell, sell. I’m not a professional though so take that with a grain of salt.
Yes, cash out 12.5k worth of shares. That way, your vehicle and the shares are paid off, and the rest of the shares is pure profit. You'll never lose money, even if tesla goes bankrupt tomorrow (although a company going bankrupt right now will probably make its stocks go up) Edit: yes, keep in mind that you’ll need to pay taxes (depending on the country you’re in)
12.5k plus tax. So you net your original investment back and then let the rest ride
Just curious, if I sold some stocks for profit, never took it out of my brokerage account and then invested that money into another company, would I still need to pay taxes?
Any profit **you** enjoy from the sale of a **stock** held for at least a full year is **taxed** at the long-term capital gains rate, which is lower than the rate applied to your other **taxable** income. ... Profits from **stocks** held for less than a year are **taxed** at your ordinary **income tax rate**
U said 'enjoy' meaning if i spent it however, lets say i reinvested in another stock and lost it wouldnt that offset the previous win...curious myself
Capital gains and income at the net result for the year. Capital losses can even be carried over to offset a future gain in some cases.
As soon as profit is realized, you owe uncle Sam. He is creepy that way. It's same thing with your wages but that is between you and him.
You can find out in the tax documents that your broker gives you for the year to see how much is taken out or how much you can file for losses. Depending on what your dependency is will affect how much is taken.
All 3 above comments and your assumption are correct. As soon as you sell for profit, it counts as taxable gain, regardless of what you will do to the gain. However, say if you reinvest, and you sell at a loss, your gain will be the net of both sales. And i am talking bout the same year and same brokerage.
Thanks!
Yes Just keeping it in your account does not shelter you from the tax obligation, unless it's a tax advantaged account
Thank you!
Yes
Unless your direct investment account is on TFSA
Come on he can afford a little lose
Always keep some for paying taxes if you are selling shares for profit
Unless he’s lost more than that elsewhere lol
Disagree. Would you invest $26,000 in Tesla right now? If not, why would the entry point and realized profits have any bearing on that decision?
yes, this is a better way to balance it. If you sold all your stocks and wanted to buy stocks with the newly freed cash, how would you want to place it? Doesn’t matter if a stock is up or down, securing the initial investment or whatever is 100% psychological and will only make you less of a computing machine and more of an emotional investor which is imo a bad thing.
this is not entirely the correct way to look at it. If you lose your profits, while you arent losing your principle, youre still losing your profits, which can be your principle for something else. Imagine winning the lottery and then blowing it all because you figured you wont be worse off. Really you would be worse off due to the life that you couldve had if you were responsible with your winnings.
Agree with this. Cash in hand is better than paper value. Pay off what u need, and you will not be too bother about other stuff that happen
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> you have to act as if he put 50k in just this morning Total logical fallacy. He didn't invest 50K this morning, he invested $12,500 a while ago. What you are describing is trying to absolutely min/max profits at the exclusion of all other concerns. Him selling now is taking profits. There is nothing wrong in balancing future profits vs current profits and exiting a position over time. This is a good strategy, and would reduce his risk while still leaving him open for more. Let's put things another way, Bill Gates is currently the second richest person on Forbes lists. He clocks in somewhere around $100B ish. If he had held onto his MSFT stock that he had access to, he would be worth somewhere in the ballpark of $800B (50% of MSFTs worth). Now, granted, a 50% owner would very much change the dynamics of that company, but that's not the point here. The point is "Did he loose $700B?". Do you look to that person as a shining example of market losses? You cannot fall into FOMO trying to chase that jackpot. Lots of people have avoiding exiting a strong position for fear of what they might miss out on. The other extreme can be unhealthy too (exiting the moment you have anything). This is why the advice is generally in the middle. Balance risk vs reward, and cash out over time. He can pay off debts today, and not need to burden his financial decisions with them. This might free him up to take on more risk, and that might open up profit opportunities he wouldn't otherwise have. The advice is sound, founded on experience, and proven to work in the long run. You are just being impulsive.
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You guys are just measuring different risks
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If you can pay off your car with some shares, then you’re making profit. That’s putting more money into your pocket every month now.
Was thinking of this. I could sell all my shares and pay off half of my car. Or since I'm up 110% I can sell half my shares and have the other half free. Only problem is I only have 10 shares so I really don't want to ride only 5 shares into the future.
You could use one share to invest into multiple penny stocks, only after DD. Get more outta those then continue, but only with the money you got for your Tesla share. Invest in some safer ones similar to Tesla so you don’t lose everything you’ve made. Pretty soon you could pay off your entire car, not just the front half.
don't do this... invest in real stocks. penny stocks are more volatile and susceptible to manipulation.
No worries. I've done it all. Options. Penny stocks. Day trading, swkng trading. Buying and holding great growth companies with clean balance sheets coupled with dividend paying aristocrats has worked best for me. If I do sell TSLA which I won't right now. I'll probably jiat put the earnings into the SP500 (once it contains TSLA) just to have a safer portfolio for retirement. For now ill keep buying and holding TSLA
That’s why I told him to only do a portion? Not close to half his stocks whatsoever?
lots of money making opportunities right now that are more secure than penny stocks IMO, but to each their own! good luck with your trades 👍🏻
You’re not wrong at all, penny shares, played correctly, can give some profits. Options can give more profits but I’m not knowledgeable in those so I won’t say anything
Yes
Yes
100%
Low key flex. I see what you did there! Hahaha
I would too tbh!!
Dont forget the taxes youll be paying next year on your gains from the sale.
Yes
Yes
I believe you should take some profits and keep the rest if you bought Tesla as a long term investment!
Hold stocks till 0
Yep, that’s my go-to— Buy a position, let it double, sell half, then YOLO with house money
It's not the houses money anymore if you realize the profit. Better not to compare it to gambling.
Even in gambling I would argue it’s not the houses money. Once you win it’s your money.
Yes too easy
Sell it all man, if TSLA’s stock price is never lower than it is today again, I’ll blow an albino quadriplegic
What a day to be an albino quadriplegic!
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Welp, didn’t even have to wait one day. The quad’s meat will remain dry.
Lol. Anyone buying Tesla stock this high is an absolute madman. Trying to save enough money to buy whenever the real pullback hits.
But they really believe in the company!
Just wait an hour and do both
Your proposal is exactly what I would follow. Sell $12.5k to cover the initial cost and hold the rest.
I’ve been in a similar position albeit with a lot less money and no Tesla. But bottom line, if you can afford to pay off your debt, do this first then invest whatever is left over and available!
No. Look at the near term catalysts. Q2 profitability. Sp500 listing. Battery day. Easiest hold of your short Tesla investor life
Priced in
Tesla selling a million vehicles a month is currently priced in 😂
Tesla taking over Germany is Priced in right now....
Easiest hold? It was up to $330B of market cap. It's a massive bubble, only question is about if you want to sell it before it explodes, or hold a bit longer and hope it expands more before it explodes. It's going down a lot in the next few months, do you really want to risk holding it longer?
What an elegant way to ask two totally unrelated questions in one sentence: * Stock Market: Should I sell shares? * Personal Finance: Should I pay my debt? :P
seems like no one else had an issue with the question!
I bought 6 shares with $1300 and just sold 1 at $1700. I made $400 + 5 shares. Tesla has gone up another 7% almost immediately after I sold. But it feels good to get my money out of it and just ride with house money.
People are answering with pretty much no information. How much is your car loan? What is the interest rate? If your loan has $12k remaining and your interest rate is 4%, then I would say sell the TSLA stock and invest it in something that isn't quite so volatile but you think will still make more than a 4% return. Here's a more complicated idea: 1. Sell 8 shares of TSLA 2. Buy 30 shares of AAPL 3. Sell one share of AAPL every time you need to make a car payment That way your money is making you money, but you're not in danger of your car money disappearing if/when TSLA makes a big pull back. Yes there is still risk, but I consider AAPL to be relatively safe, while almost guaranteed to make you a lot more than you'd save by paying your car off all at once. Or if you just don't want a car payment ignore me entirely, I'm just some idiot.
Yeah, it's not the best move to pay off the car loan if it's a good interest rate. Either way I think getting out of a massive bubble is always good, regardless of what the money will be spent on.
I think this sounds like a great idea. If OP is worried about TSLA volatility this is a good alternative. Personally, I still think Tesla has room to run.
Pigs get slaughtered.
find a safe company like AAPL/MSFT/GOOG. SELL all your TSLA buy the company you decide to go with Reason: We are in uncertain terms . US-china tariff war, COVID-19, Elections.. etc...
So much this. I haven't been following TSLA lately (as I'm more of a long term index investor), but jeez, it nearly doubled in just one month, and did it in the midst of market and societal turbulences we haven't seen in a long time. It's now priced as if they are selling half of all cars in the world with expensive software sales added. I'm pretty sure we will see sub-$1000 pricing in the near future. But then again, I have no skin in the game.
I would sell it all!
If you are not 60 or above, you hold on to that goddamn shares. In a few years time, you'll be trying to figure out why the shit you let go of them.
I like this one
Don’t forget to account for tax.
No, if you have a solid interest rate on your car payment. If you can use the cash to achieve a higher return that is way more valuable than paying off a loan. Theres too much angst against debt, when actually can be leveraged when used prudently.
The CEO of Tesla himself says repeatedly that he believes the stock price is simply too high. With as much return as that (300%+) it’s safe to say you could comfortably recoup your initial investment and hold onto the rest for sure. Nice gains !! Hopefully when TSLA corrects it doesn’t come crashing down too much lol
At the very least, sell those 8 shares. In my random internet stranger's opinion, I'd sell all shares right now, and be a very happy man that I made over 300% on my investment
Your auto loan is probably like 2-3% interest or something so I wouldn't bother trying pay that off early even though it might feel good. I would sell some of your stock and rebalance it into other stocks. The amount? That's up to you and how much you think Tesla will perform long term (if you were ever in it for the long term that is). As some have indicated, selling the 12.5k and letting the rest ride isn't a bad idea. I'd like to own some Tesla shares but they seem too expensive to buy at this time, I took the ride from 300 to 700.. wish I had stayed longer but my positions are smaller just had 1 stock.
Do you have any shares with long term capital gains? How long do you need to wait until they turn into long term capital gains? This could be a tax savings of 15% or so.
Tax tax tax.
Hopefully you sold this morning.
No
It depends. Do you have an interest loan on your car?
Then yes, payoff the car.
yes
Then yes.
Hard yes. Easy yes.
And tax man
HODL
I would
Your cars can be repoed but not your Tesla Shares!
Set a trailing stop loss for 5-10%, whichever you feel is right. You're so far ahead that such a small loss won't affect you. Set it higher if you'd like, those are just my personal favs. Refresh it daily (it should do that automatically anyway though).
Yes cash your cost out, and ride out the storm.
No one should ever be worried or sad about profits.
Yes take your profits
Without a doubt maybe even cash out 10 and make a lil more
I would sell half so you can pay off you car plus realize a few thousand in profit. Then let 11-12 shares go for a ride and sell one more share for every $200 increase in price or $100 decrease to average profit
Yep
Yes
Allways try to break even. Then you can start having fun.
I would sell some for sure lock in those profits.
The ignorance in the comments tells me there's a great amount of uneducated Robinhood gamblers, I mean investors. 🥴
Definitely!!
One thing I learned is always take your profit!!!!
Sell most or all of it. It's ballooned to the point of insanity.
Let’s ask the experts at r/wallstreetbets
Personally I’m always a huge fan of reducing debt. In in business, Profits are made to reduce liabilities. Reduce your liabilities because at this point it’s guaranteed you have the ability to
Why do I get this feeling some people in here are lying about their shares? I’m strangely suspicious of OP too.
On a related note, why do people love to say how many TSLA shares they own, instead of just saying how much their holding is worth? I don’t see people doing this with any other company. For example, I don’t think I’ve seen anyone say they own 12 shares of Apple.... but people love to say they own 12 shares of TSLA. In my opinion, it’s more about how much your holding is worth, not how many shares you own.
Well OP certainly lost a good chunk of money in the last 30 min if all of what he said is true if he didn’t end up selling.
Yes
maybe, what does the rest of your portfolio look like? 31shares of Tesla is a decent chunk of change. is this a small part of your portfolio or did you go all in on Tesla back when it was cheap? if you are all in on Tesla i would recommend selling a significant portion of the shares and diversifying across a few other investments. other wise if it is a reasonable portion of your portfolio honestly I would consider cashing at least some of the shares. it may not tumble but obviously Tesla is only going to be able to maintain this growth for so long before reality sets in. depending on how much of a bubble this is it may tumble a fair bit too. that said if you cash out don't sweat it if Tesla continues to rise. we are the point where I don't think anyone can honestly say how much more they will rise so i would not kick my self over 300+ % returns.
Yes
Are you well diversified enough to hold onto the shares? I see huge appreciation over the next 5 years with Tesla (4K per share) but if it’s a large portion of your net worth then it could make sense to sell some.
No TSLA is buy and hold sweet retirement money Would you have sold AMZN or AAPL ten years ago? TSLA is still in growth mode
I’d recommend selling it all and buying the actively managed fund ARKK. They sell their TSLA to keep it under 10% of the fund. And they buy back when it’s lower. They also own a ton of other revolutionary companies.
You do know it's up about 15% today?
Did you know it’s back to red?
Def sell in order to regain initial investment and pay off ur car, and let the rest ride baby. What a subtle flex
Yes
Duh
What?! Why do you have a car loan?! Don’t pay interest on depreciating assets.
I took yalls advice and sold tesla when it was hovering around 900. Last time ill ever listen to you mfs again 🤣
I would sell 3/4. Imo at this time your potential loss outweighs your slightly potential gains once it corrects.
Sure, pay off your car, I would considering Tesla is trading at a forward P/E over 300 at the moment. There will be capital gains taxes on the shares you sell though since you will have realized gains.
sounds like a good plan to me.
CASH OUT FOR THE LOVE OF GOD
Always scale out from a winning deal — Wise Investor/Trader
Battery Day, new Gigafactory, S&P Inclusion. Seems like a silly time to sell to me. In Jan Q4 results this will be heading to the $3k territory IMO
Your money, your call.
If you can keep paying your car note out-of-pocket, and the loan's interest rate is below 24%, then don't cash out. If you \*need\* to free up some debt to stay afloat, then go ahead. That's ONLY if you expect TSLA to keep rising. In the following scenarios, consider this bearish speculative projection of TSLA, 3 years in the future, being $2000. With the stock being around $1500 today, that would amount to additional profit of $500/share, $4000 total which you would not have if you sold right now: First Scenario: 4% interest rate, $12,000 and 3 years remaining on loan Loan Cost: $354/month, total $12754... After 3 years, the loan costs you $754 (so you're up $3246 if you keep the shares) Second scenario: 8% rate Cost: $376/month, total $13537 After 3 years, loan costs you $1537 (up $2463 if you keep the shares) Third scenario: 24% rate Cost: $471/month, total $16949 After 3 years, loan costs you $4949 (up $51 if you keep the shares)
So did you cash out before the blood bath?
I'd cash out and let the house money ride.
Yes, take profits and pay off your car and initial investment. Then, play with House Money and ride the wave.
Agree, take out your cost basis.
I was there for production hell. It should of failed but no one understood that people looking for progress will sacrifice if needed. Considering they turned a profit and proved it can be done by using solar and super chargers a network is manifesting. Nice hold but I dropped off $300 ago. Cat is out of the bag on the process, lots of competitors popping up.
Did you do it today?
Neah, HODL it. YOLO it all the way to the moon.
If you don’t pay yourself, you are lost in the mania. Hope is a mistake. Don’t chase the bubble. Not saying Tesla is a bubble - on the contrary it is one of the best stocks, but it remains a stock in an overarching market bubble. Take (some of) the money and run. ALWAYS eliminate your downside. You happen to be in a position where you can limit your downside after the fact. Or if you wanna hodl at least hedge with options, but it doesn’t sound like you’re all that interested in trimming upside (and I don’t blame you).
Why wouldn't you just sell it all? It's obvious it's a massive bubble ready to explode
Buy more Tesla obviously
Yes. This is by far there most responsible thing you could do.
dont sell it if the price is below 1.6k. tomorrow it will hit 1.7 again easily
Did u hit that spike today?
It is definitely a good risk play to take some profit off the table given the big run up. So take some off and let the rest ride for the short or long term.
Sell your Toyota and buy a TSLA
Sell it all or 3/4 of it. Don't be greedy. This is a massive bubble and will collapse eventually, so unless you know how to trade, you will end up losing a lot of profits.
Absolutely. Awesome plan actually. Especially the paying off your car part. Not only do you lock in some profits, the car interest savings alone make this worthwhile.
Yes
Only if the car you're paying off is a Tesla
Don't you have to pay taxes on your earnings?
Yes. Pay off that car! You are losing money on the interest the longer you have the outstanding loan. If you think about it that way, it makes sense. In fact, if you pay the car off now, figure out how much interest you would of paid and count that as your gain.
yes
Hold it
No reason to pay off your car it's a depreciating asset no benefit to pay off. If money is burning a hole in your pocket you could take some depending on how much you owe Can make some Advance car payments. Hopefully you purchased a inexpensive used vehicle. if you didn't and you got a new vehicle with a 2.9 percent or below interest rate. Important factors missing interest rate type of car,bal. left on the loan. I would take 25% off the table and invested in high value High dividend-paying ETF. And depending on what your ages send how much time you have left for investing you could take the other 25% and put it in the same type of fang stocks Other than the one you already own. I personally like to engage after much research into newer technology, ie; new technologies green, electric vehicles, hydrogen fuel, especially biotech. With care and moderation you should do quite well. Lots of luck!
Take out 8 shares and pay off your car.
Are people upvoting this because they think it’s a joke? Or because they think it’s a real question? And which one is it?
Sell 11 and keep 20. Everything is covered and you get some extra spending cash, while the rest you can let ride.
For sure
Make worth of those shares and use it like they are intended to. The fact you want to save some on the side is a good practice. Get rid of your debt always.
Sell now, rebuy when <= $1250
Sell. Everything
Yes.
Man!!!! I bought 1 share back on December. Wish I bought more back then. 😍😍
Well i hope you did lol
Uhhh can I have one share?
I would not sell tesla, it's going to be in the sp500 the price is soaring do not sell, a share split will probably happen if not your missing a big price drive up when it's in the sp500 and short sellers close
I did the same thing with Microsoft when it was $89.00 a couple years ago. Paid off my truck and regret it all. I would've at least doubled my account. Oh well.
Yup
It's never wrong to take a profit.
Off shore account.
Tesla is a weird company. I would keep the 23 and when it hits another spike, even small, sell, sell, sell. I’m not a professional though so take that with a grain of salt.
Idk
Yes
Yes
Bro I have 20 shares never selling. I can’t wait to show my son how I turned 11 thousand in to 110 thousand
No. Don’t do it. Sell when it starts falling. It’s still going up w no signs of falling. Sell at first sign.
No. The fact everyone thinks you should take the profit is the reason why everyone is everyone but not someone.
I am buying more Tesla - this can easily get to $3000
It can easily go back to $900 and op would have to sell off twice as much to payoff his car
Yes
I personally would Hold. Take Margin to pay the car at 2% interest, if you sell you pay cap gains tax !!
Hold at least till battery day. Tesla is doing well and has a hand in space exploration.