I sold off my Tesla shares before Trump took over. I was ready. Sold off on my kids custodial accounts as well.
I bought BYD's stock instead (Disclaimer: I'm not offering investment advice. I'm just stating what I personally did)
BYD is Tesla's biggest rival. The only problem is that the 100% tariff against them is keeping them from being known and sold in the US. Their cars are cheaper and better than Tesla cars and I'm still a Tesla driver. I'm just keeping it 100.
I also just bought back into Tesla on my kids accounts because I figure it's going to bounce back at least a good portion because the liberal outcry is effective but at the end of the day investors are going to see that as an opportunity to reinvest at a lower price point just like me. And so they are going to drive the stock price back up. A lot of people are not going to quit their job or avoid making money just because Elon is the face of the company. And public sentiment against Elon is more limited than left-wing news outlets would have you think.
Why am I saying all this?
Well... considering that my first major investment in Tesla paid the downpayment on my home, the point I'm making is that a wise investor looks for opportunities in the stock market to get shares when they are down. A lot of people are going to sell out of a need for liquidity. A lot of people will sell because of fears or anxiety about losing money in a full blown recession. But if you can predict what people are going to do, especially with their money, then you can make decent money in the stock market. The key is not to "gamble" with money you need to survive because then you'll sell while the stock is still down and that's mainly how people lose money.
thepeoplesvoice.tv
