Ah, that's so lovely! Will definitely try this!
45 karma · joined April 21, 2016
Completely in line with Tesla's master plan: https://www.tesla.com/blog/master-plan-part-deux
Tesla announced a couple of days ago that they had passed 1 billion(!) miles on FSD, and growing exponentially [2]. In Elon's master plan from 8 years ago, he wrote they expected 6 billion miles before more global regulatory approval [3].
It's not there yet, but it's far far closer than most people realize. Me, personally, I think end of 2024, Tesla can demonstrate 2-3 billion miles driven on FSD and that a self-driving car is at least 10-20x safer than human drivers.
[1] https://twitter.com/Tesla/status/1775238945506210004 [2] https://twitter.com/Tesla_AI/status/1776381278071267807 [3] https://www.tesla.com/blog/master-plan-part-deux
1: https://open.spotify.com/episode/0KeCWwDkdbEGFBXW0SFtK1?si=O...
That's simply not correct.
And important note here is that I'm obviously not advocating for investing 1 million dollars in a single SP500 ETF. For some people that may very well be the right thing, but if all you've got is 1 million dollars, you're taking a ridiculous risk putting it all into one thing, because what happens if some years down the line, stuff happens in your life, and you need to take out a good chunk of cash and it coincides with a terrible market, not a stellar combo.
So obviously basic diversification is critical, based on your personal situation. Can be accomplished easily with 3-5 cheap ETF's. Buy and hold for many years, until your life changes.
But as for SP500.. You could have invested in virtually any SP500 high, and as long as you can hang on for more than 10 years, you can almost not lose. Quite the opposite, sitting in cash is sure death, because you're gonna miss all the highs, sure the market may drop 30%, but that dip could have been in a period of 40% gain.. And you're losing out on the most essential part of making money long term: compounding interest. So.. Just invest, there's (almost) no bad time.
As for OP and timing.. I wouldn't know.. Way too many unknowns to give any kind of specific advice.
Someone else linked to the "three fund portfolio" and that's close to what most people should do. Get VTI, VXUS and BND in some ratio based on your age, personal situation, investment horizon etc, and then just let it sit.
First crucial advice: don’t take financial advice off the internet from a group mostly made up of people who have never had a million dollars or more to invest. Ask people who can show you they’ve got millions more than you and have had them for years through ups and downs..
Second: there are a gazillion factors that goes into making solid investing advice; what’s your current living situation, what’s your 5 year outlook, 10 year outlook, ambitions in life (wanna retire soon or you’re planning to work and just have this as a long term nest egg), what’s your appetite for risk, do you need the money in the next 10 years (at all!), if you invested in something and markets suddenly crashes and your invest was suddenly worth 500k, what would you do, hang on and ride it out or sell? .. and on and on.
What matters is simple long term low cost investments, and then not touching shit no matter what happens. Hell, just buy cheapest sp500 index etf (vanguard or ishares or similar) and hang on for 20 years and you’ll be in extremely good shape.
[1] https://electrek.co/2019/07/25/tesla-plans-massive-productio...
The Murderbot Diaries by Martha Wells also very good, except the price for book 2+ are ripoffs at $12 for only 150-170 pages.