shorting Tesla

[spdrun]

Trump isn’t getting any younger and his dementia isn’t getting any better…. keep trying.

[Coronita]

[quote=spdrun]Trump isn’t getting any younger and his dementia isn’t getting any better…. keep trying.[/quote]

I don’t care as long as my net worth keeps increasing. And at this point it’s pretty hard to move backwards because I’m not even on 100% stocks anyway.

I’m shooting for that 3% annual return on a $5million net asset basket , which should be not that hard to do, considering the real estate portion which is more than 1/2 of that is consistently doing between 4-6% cash on cash basis without requirement me to do much or travel much or remote manage.

[spdrun]

Shouldn’t student loan forgiveness and cheaper hellth in$urance mean people have more money to pay rent to you?

[Coronita]

[quote=spdrun]Shouldn’t student loan forgiveness and cheaper hellth in$urance mean people have more money to pay rent to you?[/quote]

Nope. Plenty of people live within their means and can afford my rents just fine. Many of them worked / studied / learned and have a great job and first rent from me for a few years without worry about me jacking up the rent every year… and then have a family and then buy their own house after they get their permanent residence.

But I promise after I hit the $5million mark, I will use whatever excess income I have to buy more rental properties and rent them out at well below market price so someone not as lucky but with good jobs like teachers and other professionals starting out can have a safe place to live and a killer low price , allowing them to take the money they would otherwise spend on high rent and invest it into a passive DRIP index plan while to build their net worth. I know I can do it more efficiently than the government can by collecting more taxes and doing it. Just look at the joke of a retirement plan called Social Security.

As they say on an airplane. In case of emergency, out your mask on, then put on the mask of everyone else around you. Me first.

Personally, I like Pete. Don’t think he’ll win, but a pretty solid candidate.

[Coronita]

Dow just 150 pts from all time high. Those extra buys of DIA when the markets briefly dipped 600pts a few days ago looking pretty green today. Win win .

[Coronita]

Ha ha ha Big time Tesla shorter got burned and exits.

https://finance.yahoo.com/news/big-short-eisman-ends-bet-115134559.html

Just like all those AMD shorters that totally got roasted last year.

ha ha ha

[FlyerInHi]

[quote=flu][quote=spdrun]Shouldn’t student loan forgiveness and cheaper hellth in$urance mean people have more money to pay rent to you?[/quote]

Nope. Plenty of people live within their means and can afford my rents just fine. Many of them worked / studied / learned and have a great job and first rent from me for a few years without worry about me jacking up the rent every year… and then have a family and then buy their own house after they get their permanent residence.

But I promise after I hit the $5million mark, I will use whatever excess income I have to buy more rental properties and rent them out at well below market price so someone not as lucky but with good jobs like teachers and other professionals starting out can have a safe place to live and a killer low price , allowing them to take the money they would otherwise spend on high rent and invest it into a passive DRIP index plan while to build their net worth. I know I can do it more efficiently than the government can by collecting more taxes and doing it. Just look at the joke of a retirement plan called Social Security.

As they say on an airplane. In case of emergency, out your mask on, then put on the mask of everyone else around you. Me first.

Personally, I like Pete. Don’t think he’ll win, but a pretty solid candidate.[/quote]

On housing, you’re wrong flu. There is a housing shortage in metro areas. A lot of people cannot afford to pay rent and have a decent standard of living. I know because I gentrify apartments and I see it everyday. Substance addiction does not help.

Government does the best job at providing housing, not the private sector. After WWII the government had massive subsidies for housing which make certain people like Fred Trump very rich. That was very inefficient .

Singapore has excellent housing for the majority of the population, all government built then sold to the public at 1/3 monthly pay. They also have a thriving private market, some of most expensive housing in the world.

Switzerland has strict rent controls and low ownership rates. But the Swiss live very well — much better than Americans on average. They are educated and intelligent.

There are different ways to approach the issue, policy wise. Just look at the data and don’t stay fixated on ideology.

[DataAgent]

Never short a heavily-shorted stock. TSLA is about 17% short. Compared to less than 5% short for NFLX. One unexpected tweet from Musk and your butt will pucker.

[Coronita]

I’ve never made decent money shorting. not worth the effort for me. For every short that was right short lived there was a short that didn’t work out so the net effect was a bunch of trades that did nothing.

[Author]

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