Technology

60052 readers

2832 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS

[email protected]

364

Tesla slashes vehicle and self-driving-ish software prices as shares plummet (www.theregister.com)

submitted 8 months ago by [email protected] to c/[email protected]

81 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 8 months ago* (last edited 8 months ago) (2 children)

Just curious; why individual stocks rather than index funds? Is it just the gambling aspect of it i.e. chance of a quick win or is there something more to it?

[–] [email protected] 2 points 8 months ago

Chance of quick win. Individual stocks can move 5-10% in a day and index funds move much more slowly.

But yeah everyone says it's almost impossible to beat index funds long term.

[–] [email protected] 1 points 8 months ago* (last edited 8 months ago) (1 children)

Index funds are one of the best places to put your investments but a stock like Tesla can make for some quick wins (or losses). I suppose maybe I also treat it like gambling except with true gambling you can’t beat the house but with stocks you can. It is all about the timing though and no real way to predict it reliably

But we see they sold yesterday at $150 whereas right now it’s $161. If your gamble was to buy on yesterday’s downturn and decided to sell today, you would have made $11/share. You can’t beat that with index funds (however the actual trade is a loss showing why index funds is a better choice for long term or for money you can’t afford to lose

[–] [email protected] 1 points 7 months ago

The funny thing is, I have bought Tesla two times in my life, and both times it has fallen like a stone right after I bought it. I guess I have a gift and I should short it... :p