I hold 500 shares in Tesla at an average cost of USD 605. At its worst point, when Tesla was at $360 on 18 March, I suffered a paper loss of S$170,000. I held on to the shares, as I was confident about the future for Tesla.
The share price recovered during the past four weeks. Last night, it closed at $650. From a paper loss, I now see a paper profit of S$32,000. Wow! It is a turnaround of S$200,000!
Tesla is my largest investment. It is an exception - in terms of the amount that I invest in any one share. I usually prefer to spread my investment in many shares - under the principle of diversification.
I am quite familiar with this company, and have watched many videos from analysts and the general public tracing the prospects for this leading manufacturer of electric cars.
The share price recovered during the past four weeks. Last night, it closed at $650. From a paper loss, I now see a paper profit of S$32,000. Wow! It is a turnaround of S$200,000!
Tesla is my largest investment. It is an exception - in terms of the amount that I invest in any one share. I usually prefer to spread my investment in many shares - under the principle of diversification.
I am quite familiar with this company, and have watched many videos from analysts and the general public tracing the prospects for this leading manufacturer of electric cars.
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