RE:RE:RE:Made a mistake - sorryCovidinsideme is on block, so the only reason I know what he/she posted was because gashole quoted it.
I am not interested in tech stocks. I am fully aware you can make huge gains, but also aware they are fully in a bubble. Tesla worth more than all other car companies combined.. yup, seems rational.
I am an investor, not a trader. I invest in real estate both physical and through REITs. If you are trading all these tech companys with 1000x earnings, you are gambling, its that simple.
RioCan will be 50-55 within 10 years depending how interest rates and inflation go. That doesnt include the fact they will be paying out 60% at minimum of FFO during that time. I am perfectly happy with a 20% annual return compounded over the next 10 years.
It will happen, no one know whens, but Tesla will flash crash sooner or later and the robinhood traders are going to be in serious trouble.
The first sign of that trouble is about to come when Ford launches its F150 electric which will dominate Teslas ugly a ss cyber truck. Teslas have horrendous reliability and quality. Most people who drive those cars are virtue signalling douche bags
gashole wrote: you like to make a lot of assumptions... because people post on this board they own no other stocks.??. I think any investor worth their salt has owned shopify, tesla, peleton, and others, I know I have.. I have since sold them, but I believe others here have put money into those companies as well.. I did very well off them, I made 100k US on netflix alone. Some of them were very obvious trades. It is stressful though owning and trading US tech... at least I found it was.. and now that things appear to be rolling back into long term dividend plays, I for one, am into reits fairly heavy now. I traded them early on and slowly rolled them into longer term holds going into late summer. The only reit I owned from early in the crash until recently was NWH... I sold it last week as it was getting very close to all time highs.
Give some people some credit here, they are not as dumb as you perceive.
Covidruinedme wrote: so you are going to sit on it for 8 to 10 years until its done just to double your money instead of buying any tech stock and 10x fold your money in 3 months? LOL you are married to the stock. bad move