Here’s financial advice from the movie “Dumb And Dumber” that should work out for investors watching Tesla's stock soar:
that can be converted into pretty bulletproof financial advice.
In recent years, speculative surges in Bitcoin, pot stocks, fake meat stocks, blockchain penny stocks and, most recently, electric car company Tesla, have captivated investors. Some likely made good money in these surges, many others may have hurt their portfolios by buying at the height of the mania.
But even if Tesla does continue to gain momentum as a business and see its stock soar, nothing bad will happen to you if you miss out. Unlike Tesla, the market isn’t in the grips of a speculative surge. Even after trillions of dollars have been made by retirement accounts tracking the S&P 500 during this long bull market, valuations aren’t anywhere near Tesla’s over 150 times price-to-free-cash-flow ratio.
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