this post was submitted on 09 Apr 2025
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Heh, I wouldn't have done this. I figured Musk would just prop up the stock from the White House, but I underestimated everything.
That's how Lemmy be.
I suspect downvotes could be for simply being in the stock market, and coming out on top, not just doubt that you did. A kinda "you capitalist pig" sentiment. Which is understandable, but...
No doubt he (Elon) has (propped up the stock from the white house), and is. TSLZ has been a wild ride. But every time I consider getting off that roller coaster I just say "nah. Fuck him." And let it ride. I only put $1000 in TSLZ and that's like $2500 now I think. Idgaf if I lose all that; that's now a principal investment :)
And yeah you probably right. But anybody who has a full time job and a 401k is out here mindlessly investing in TSLA through their 401k, I'm out here trying to take money out of Elons bank.
And to those that don't have a full-time job and are, I guess for lack of a better word, otherwise envious...
I built my own stock portfolio on ~$20 a week out of a part time check from a brewery, starting in 2009. Y'all can do the same (well actually, we'll see...). Vote with your dollar, etc.
100%.
I'm in the Warren Buffet/sorta Motley Fool camp on small time, long term stock holding in a few companies you see doing good things, putting in bit by bit.
I sorta was this was, but COVID wrecked my gains because I failed to exit. This time I swore to myself I wouldn't let it happen again.
IDK what you mean, I held through COVID and it's been way up since then. Even if you bought the S&P 500 at the peak of February, right before it hit, you would have been back in the green within a year.
It appears that gravity has already taken over and softened this impact, too:
https://www.axios.com/2025/04/09/trump-tariffs-pause-china-stocks-recession
Again, I never said I've done poorly since COVID.
I've just managed to turn the current instability into profits. Ive done better this month, as I have set aggressive positions against the market in preparation.
When I mentioned COVID, I was mentioning, you know, the biggest drop in the market since the current one.