The sole purpose of this thread is to become financially independent. Discuss.
In.
We need a good dip so I can buy a bit.
For most people, it is better to buy an index fund. Buy it and forget about it. They should not buy a growth stock like Tesla, NIO. They don’t have the stomach for volatility and they don’t have the resources to buy on the dips.
This is me. Today I cashed out 12.4k in taxable acct cause I kept checking my phone every minute. It was not healthy. I'll have to decide how long to hold cash now, maybe DCA 1k per week or two into ARKK. Or if NIO drops down to $11-12 again I'll put it there haha.
The majority of my money is in index funds. I only went in big in NIO, nothing else.
Losing money day after day is probably one of the most painful things you can experience. You have to know yourself and whether it is worth it or not.
We just need Tesla to stabilize and we are off to the races! There is so much cash looking for a place to park right now.
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NIKOLA is a joke of a company. One lie needs to another lie. Now it is too late to walk back on those lies.
I bought more NIO stocks yesterday....passing my limit (again). NIO just got a buy upgrade with a price target of $24.
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Back to the 18s.
No I'm waiting for another dip.
You sold NIO? You got it at $15 right?
I got in ~$18. I'll hold for a while.
Good luck (to the both of us)! NIO is up, Tesla is down today. NIO beat Tesla in terms of quality according to JD Power.
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NIO is China's best quality brand for electric cars, ahead of Tesla, report shows - CnTechPost
NIO is the best quality electric vehicle sold in China, ahead of the Tesla, according to a report released today by market research firm J.D. Power.cntechpost.com
I don't understand why WKHS, SHLL, DPHC etc had huge gains recently but NIO struggles to hit 20.
The sole purpose of this thread is to become financially independent. Discuss.
Save more. spend less. pay down debt. don't get divorced.
Many people, thinking about financial independence, decide that investing money in stocks will be enough. But this is not the case. To make money, we need to understand what economic mechanisms exist and how they relate to each other, affecting our daily lives. The main way of financial education is through professional literature. You can read economic textbooks and articles in financial periodicals. I went this way because I wanted to help beginners.