Jul 28, 2013
Cattledog As the stock continues to appreciate, we will undoubtedly see the birth of many Teslanaires - for arguments sake let's say anyone who has realized $1M of gains through stock trades of any ilk, pretax. While we might taxonomize to more groups, three that stand out are investors who are Tesla car owners, investors who are Tesla employees, and simply TSLA investors. There are already reports of some on other parts of this forum, one I recall was in the 10s of millions of dollars. To what good purpose will people put this new or increased wealth?�
Jul 28, 2013
TSLAopt Good question...if the price keeps going I hope to be there soon enough with all my options and will do a few things:
get a Model X
My wife will also be able to stop working and be a stay at home mom
Possibly launch a small hedge fund and or RIA business at some point if it goes up a lot more�
Jul 28, 2013
haid I suppose I am one. All of my retirement is in Tesla. People say I'm crazy, but it has put me in this club twice over. I would love to buy a model S, but its beyond my budget in normal assets and income. I can't bring myself to incur the 10% penalty of cashing out some of my IRA account.�
Jul 28, 2013
c041v I wasn't able to put in as much a many on this board, but my eventual dream is to fund an X and possibly pay off my condo with TSLA gains. I have a core holding of stock and, I'm now using options to enhance any gain the stock may see.�
Jul 28, 2013
ckessel Anyone becoming a Teslanaire had a lot of money to spare to begin with. Even if you bought in at $25 and it goes to $250, you had to have $100,000! I do well as a software engineer, but I'll never have 100k laying around to invest outside of my 401k.�
Jul 28, 2013
austinEV You have to work as an engineer for 10-15 years and quit and get a new job. Roll over the 401k into an IRA then you have a self-directed IRA. Otherwise yeah its real tough.�
Jul 28, 2013
rolosrevenge If you put 10k in call options back in early March, how much would you have now?�
Jul 28, 2013
StapleGun I'd love to see some historical price charts for options.
The first post in the advanced options trading thread says "Let' say you were lucky/smart and purchased the May $35 call on March 25 for $3.25". It depends when in May the call was for, but assuming it as after the earning report it could've been worth as much as $60. So your $10k is now worth about $185k. If you were nuts and rolled all of that into more options, especially during the dip back into the 80's. It's possible you could be over $1 mil from that. Unlikely, but possible.�
Jul 28, 2013
haid That is exactly my scenario, a self-directed IRA. I had a 6x return from AAPL and then two years ago I switched it all to Tesla. The brokerage professionals tell me to sell and diversify, but then that is exactly what they said at 30, 50, 90... for that matter it is what they said when I owned Apple.
I'm told, I can start drawing down the IRA without penalty in a few years, when I hit 55.�
Jul 28, 2013
DaveT Wow, that is just too awesome. All in with Apple and then now all in with Tesla. Hard to beat that.�
Jul 28, 2013
CapitalistOppressor I'm seriously considering taking my money out and retiring early. Maybe open up some Subway franchises and getting certified as a teacher.�
Jul 29, 2013
jak You guys are making us thousandaires look bad! We hope to catch up with you soon. :biggrin:�
Jul 29, 2013
deonb I had a 80x return on calls since March, and I didn't play it all that well at all (lost out on the $70 to $80 Friday move due to 5 minutes of ill timing - which would have doubled the 80x to 160x. I also spent too much on puts on the way up). But still, with an 80x return you just need to start with $12'500 to now be at $1m.
Unfortunately I started with a lot less, but hey, I'm effectively able to buy a 60 kWh for under $1000 - how many people can say that.
�
Jul 29, 2013
Citizen-T Actually, I think the young guys that got in early are the lucky ones. The math works both ways, and the risk is much smaller for them. You just have to do it the other way around. You start with a small sum which you've grown quickly by investing in Tesla. Now you do what the "old timers" did first. You take that cash and invest it across a number of safer dividend paying stocks and re-invest the dividend.
Let's say you started with $10k invested in TSLA at $20 (my first buy was at $19, so that's reasonable) and you rode that to $200 (probably sometime this or next year). You now have $100,000 (hardly a Teslanaire). You decide to diversify at this point (yes, some of it can stay in TSLA). Let's say that for the next 15 years your portfolio grows at a more "average" 10% rate. At the end of that time period your TSLA winnings are worth ~$400k. Remember, that's just your TSLA winnings. You still have to add in all the other money you've contributed in that time period and the growth from that portion of your portfolio.
So, if you are young and your investment seems small compared to those around here with a few $100k to throw at TSLA, fret not, you too can a Teslanaire at the same stage of life as those that are hitting that mark today.�
Jul 29, 2013
toastypasta No clue but i've been only playing options since march and have been doing damn good.
With 4k initial investment i realized over 30k in profits and continue to roll and day trade certain leaps and closer plays.
Definitely doing solid.�
Jul 29, 2013
deonb I have some historical data from Q2. It will make you sad.
The best single trade I think you could have done was on April 8 to buy the June 22 $60 calls for 5c each, which if held until expiration netted $40 each.
i.e. If you bought 250 contracts for a total of $1250 + commission, it would have netted $1m at expiration.
The really sad thing is this was after Elon announced Q1 was positive.�
Jul 29, 2013
toastypasta If i simply held every single thing i bought along the way, i'd probably be up to 200k in profits.
for example i had august 150 calls. sold them on friday for a cool 50% gain. could have sold today for way more.
This happens to me once a week. i buy stuff and sell it the next day for 50%�
Jul 29, 2013
TSLAopt Not true...I started with just under 20k in my brokerage acct and put it mostly in TSLA options (LEAPs) last year...just was down to 13-14k acct value in Jan and now am up about 5000% from there. If I had just bought the stock I'd be up 300% which is still great but not life changing like the options turned out to be. Options were the way to go for this very special once in a lifetime situation of the Model S coming out, it was either going to be revolutionary or not and I figured I'd know by Jan 2014 when the options expired....my hypothesis was the stock would either go above 100 or below 10 by then, I'm sure other Teslanaires thought that too and took advantage with options as well.
l�
Jul 29, 2013
sleepyhead
That still doesn't make you a Teslanaire :tongue:
All kidding aside (since you are more than halfway there), good job on the LEAPS play and I agree with you that you can easily make a lot of money in options without a lot to begin with. You just have to find that once in a lifetime investment opportunity before the market does and go all in while options are still cheap.�
Jul 29, 2013
GenIIIBuyer At $841/share, I'll be a Teslanaire. Setting the Good Til Cancelled, Sell order now :smile:�
Jul 29, 2013
DaveT Pain. :crying:�
Jul 29, 2013
gym7rjm Wow, that kinda makes me sick. I'm pretty happy with my return so far and I've definitely been learning a lot about options with this stock. I just wish I had known more about options prior to Tesla. I was too timid to invest in options when I first bought in around $28. My first option contract (1) I ever bought was right after they pre-announced earnings, June 2013 $57.50 strike price. It's not that I wasn't bullish, I just wasn't comfortable putting money into something I didn't quite understand. So its too bad I missed that opportunity around Q1.
I'm bullish about Q2 and I am toying with doing an options play there, I just don't want invest based on emotions (like a poker player on tilt) and be too risky to overcompensate for what I missed out in Q1.�
Jul 29, 2013
Johan Very good TSLAopt!
I was early in with the stock, but late with the options. Got in/opened my options trading account April 16th this year, staret out with 10k. Being a complete newbie to options I guess I could have done a lot better, but right now looking very in the green with 70k at the moment, most of it in potentially high-yielding OTM Sept13 calls... with more days like this (TSLA currently >134) before Q2 earnings I'm not sure if I dare hold on to all of those calls til over the call...
My goal with options right now is to make those 10k in to 158k, which after 28% capital gains tax (no short/long term here in Norway) would come to 113k which incidentally is the exact price of my Model S being delivered soon�
Jul 29, 2013
Nixx I don't think it takes a "once in a lifetime" event to make a million with options. Two other situations that I foolishly considered and didn't do anything about was fb at 18$ and Netflix at 70$. Both I looked at and said "I should just gamble and buy some of these". Both I passed on because I was being safe. Both I could have made small fortunes with if I had put a bit into options. The stock market is littered with excellent investing opportunities. One just has to find them.
Tesla was a great one for me. I netted 1200%. We will see how the q2 market reaction is.�
Jul 29, 2013
ckessel Ah, if you play with options I suppose that's different. I barely know what an option is myself. I buy and hold. Options are more volatile investment? All or nothing?�
Jul 29, 2013
gym7rjm More volatile and risky, yes, but options are not all or nothing. That is the misconception that kept me away from options for so long. You can buy and sell the option contracts like stock at a given price. You can also roll the option to lock in profits when it is favorable to do so.�
Jul 29, 2013
EnergyMax I won't hit this milestone for a long time - I'm a simply buy and hold long-term stock holder. I have calculated that if the share price hits $659, I'll have $1M gains post-capital gains. I plan on holding past that point if ever it is reached. This is far more money than I've ever earned.�
Jul 29, 2013
austinEV I had 6 figures of $ in calls going into Q1 announcement... Really, that was the easiest call I ever made. 1) shorts were set up so a squeeze was almost guaranteed 2) stock was undervalued by any measure and 3) a beat was a virtual certainty. I wish I was as certain about the Q2 setup. The stock is now at least partially valued for future performance and there is less short interest. I still think the market is "dumb" about TSLA and an earnings beat will cause a spike as has been discussed on these boards. But going into the next 12 months I think we will see as many down days as up.�
Jul 29, 2013
twinklejet I think whoever that makes $1m in the stock should cash out $120k and buy the Model S straightaway. This will cause a vicious cycle that helps your remaining stock gain even more (if EVERYONE does this...)!�
Jul 29, 2013
Johan Agree with your statement about post Q2 stock moves. If I make a nice profit on Q2 report I will cash out for now on the options, but probably not on the stock since it will be too hard to know when to buy back in and I would hate to miss out on a re-entry. Then perhaps short-term option plays dependent on "then and there conditions" in close relation to Q3 and Q4 reports, Gen III launch etc.�
Jul 29, 2013
ggr Whoever told you that is wrong. The age is 59.5. Any withdrawal before that age gets hit with an automatic 10% penalty.
PS. Yes, I'm in the club.�
Jul 29, 2013
farhad In the same boat as a lot of others here. Was really interested in Tesla when the stock price was in the low 20's but being a new grad just didn't have any money to put in. Bought a house so the little savings I gathered went towards that. Then slowly started putting any monthly savings I could into TSLA stock, but again that wasn't much. Wasn't (and still am not) too familiar or comfortable with options so have stayed away from them. But after hearing all the stories on here about options maybe it's time for me to start exploring it a bit more
Definitely far from a Teslanaire, but can't complain�
Jul 29, 2013
Liz G Agree... If anyone knows a good Options101 site please pass it on.�
Jul 29, 2013
ModelS8794 You have options to take penalty-free early withdrawals of your IRA using SEPP. You'll want to speak to a financial planner or tax advisor for the details.�
Jul 29, 2013
tlo I would imagine that a few folks who stopped posting on these forums have "joined the club" and are enjoying life on a tropical island. luvb2b, for example?
I'm more curious to find out what happened to iamthecauliflower.�
Jul 29, 2013
Convert2013 I am purchasing a Tesla with someone else's cheap money (a bank) payed for by my day job when the stock reaches $200 (to start the vicious cycle you talk about which I agree with 200%). No plans on cashing out capital in Tesla stock which is THE growth story of our lifetime. ;-)�
Jul 29, 2013
TSLAopt If you go to The Options Clearing Corporation (OCC) then go to their education section that would be the best place to start learning.�
Jul 29, 2013
ggr Neat! Thanks for the info about SEPP. I wasn't aware of it, and I thought I knew about this stuff since I'm getting up there...�
Jul 29, 2013
Blurry_Eyed I will just say thank you to Elon, Tesla and all the great posters in the various discussion threads on TMC and the Tesla Motors website forum for helping me join this club!�
Jul 29, 2013
StapleGun That's exactly my situation. I just opened my IRA a couple years ago but luckily I've been invested in Tesla since the $30 days. My earnings are a paltry sum compared to many on here but it's given me a great head start and hopefully over the years it will enable me to eventually make those enormous sums.�
Jul 29, 2013
blakegallagher +1 Vote for this option. You won now do whatever you want to with it
It never looks bad to be a thousandaire!
I no longer allow myself to look at this scenario. I was loaded up with options as soon as I listened to the earnings call where Elon said they would be profitable and everyone sold so the price tanked but I sold them well before they peaked lol.... Happy with what I have gotten thus far.
Congrats to everyone in this club ... amazing�
Jul 30, 2013
FredTMC +1! I'm a club member and TMC and all the great discussions have been invalueable. Gave me confidence/validation in TM's model & execution. Enabled me to take the long term view and buy the dips.�
Jul 31, 2013
Cattledog Congratulations to all who are already in, hoping to join you one day!�
Jul 31, 2013
kevin99 +1. I've made it to the club. It has been the best 4 months of my life. Without TMC and the conviction, it would be much more difficult to hold on to the gain and grow it.
- - - Updated - - -
CO, I just thought with the new found capital, there could be a lot more options?�
Aug 2, 2013
Doug_G Moved some posts to the Off Topic section, Thread-spamming�
Aug 2, 2013
kevin99 For those who make it to the club, a big congratulations! Perhaps you will feel even better if Q2 do turns out great, join the party!�
Aug 2, 2013
Norse If it goes to 210$ I`ll even fly in from Norway!�
Aug 2, 2013
marvinat0rz Keep in mind that money is a means to an end. The way society works today, there is in practice only a very small difference in the lifestyle of the middle class and the very rich. The biggest difference is that rich people have the capability to not work for a living, or work only on what they want to. If you find you suddenly have it, don't squander this opportunity in favor of lots of expensive cars and first-class plane travel. Most regular people who by a stroke of luck suddenly get a lot of money, lose it after a couple of years. Diversification and safe withdrawals are the way to go if you want to do this.
CapitalistOppressor has the right idea
[Edit: Since I'm already giving advice like an old grandma, I'll give my two cents for those who call for an Options101 class: Those who made the most from options in Tesla, bought their options when the stock was in the 30s and had been swinging between 20-30 for its entire life.
Options are priced on future possibilities a lot more than the stock itself is. Volatility (large price changes in the recent past) cause options to become a lot more expensive (think a factor of 10 or 100 to give you the right idea). You can only get cheap options if the market thinks the strike price is "impossible" to achieve. Tesla's options were ridiculously underpriced before the Q1 earnings report - so much so that an individual could conceivably drive a sufficiently small and unhedged market maker bankrupt by buying them. The days of a free lunch in Tesla options are past and if you go into option trading expecting to make a lot of money, you are taking on a massive risk. This is fair enough, but only if you know that you are gambling. Options speculation is an all or nothing game (*or "lose 30% of your profits to fees" if you hedge enough). Where options do have a place for a long-term Tesla investor, is as a hedge, or insurance. But like all insurance, you can expect it to be a losing bet].�
Aug 2, 2013
Convert2013 Congrats Kevin, and Norse you are not far away I see..
Just get prepared for the 3 bagger from here and then the 10 bagger.
Since the car market is so big, if Elon holds on to the company and keeps executing we could have a 35 to 40 bagger in our hands ($500 B market cap).
- - - Updated - - -
I think what is happening is historic and we are lucky to take part so early. I like this thread but hope this does not create millionaire, sub-millionaire, and thousand-aire groups. We are ONE cult and lets help all cult members drive Teslas, invest wisely, and form forever long friendships and bonds.�
Aug 3, 2013
Al Sherman I got in the club when the stock hit 120 something. The only stock I ever bought in my life against a professionals advice. Pure emotion. Right now I just use the money to buy Omaha steaks for the crew at the Columbus service center whenever they work on my car. :smile:�
Aug 3, 2013
Convert2013 The reason I think thing company is gonna be big and create loads of future millionaires is because 1) several of my freinds have Teslas already and they are not car nuts (which made me buy the stock) 2) Everyone else I talk to wants one - most Gen 3 and X. People are so desperate to own something new in car technology and avoid the gas pumps, it is insane!�
Aug 8, 2013
danahull I would love to talk to you. can you contact me at [email�protected]?�
Aug 21, 2013
Cattledog I guess I shoulda trademarked it. Nah, I bet if I searched someone else beat me to it. Too lazy to look...�
Aug 21, 2013
Grendal It was good and you did well. So well done. I guarantee you've made more money on Tesla stock than you would have ever made from coining a cute descriptive word.�
Aug 22, 2013
30seconds dana's article is up.
How 'Teslanaires' made fortunes on Tesla Motors stock - SiliconValley.com�
Aug 22, 2013
CalDreamin Good article.�
Aug 22, 2013
anticitizen13.7 This was well written, and I think the article does a good job balancing the benefits and risks of investing in Tesla.
I agree with the guy from Kiplinger's. Don't bet the farm on one company, and derivatives can be dangerous.
I personally know several people who have lost fortunes (millions of dollars) because they bet disproportionately on stocks or mutual funds that "couldn't lose", but ended up nearly worthless anyways. 2001 was a brutal wakeup from the party of the late 90's, and 2008 was even worse. While I don't think TSLA will suffer this fate, I think investors must acknowledge that possibility, and have contingency plans. I have never shied away from investing in a risky company that I thought had massive growth potential, but at the same time, I have always maintained a substantial core of fairly boring, low-cost index funds as the foundation for my portfolio.�
Aug 22, 2013
TSLAopt Don't you guys think it should be spelled "Teslonnaire"?�
Aug 22, 2013
StapleGun Great article! Now I'm curious who all the people in the article are on TMC�
Aug 23, 2013
Jonathan Hewitt Not me�
Aug 23, 2013
Citizen-T CNBC is using "teslanaires" term now. See recent tweets.
Twitter / Lebeaucarnews: He put $30,000 into $TSLA a ...
Twitter / MandyCNBC: Newly minted Teslanaires are ...�
Aug 23, 2013
mitch672 Teslanaire story comming up on CNBC�
Aug 23, 2013
twinklejet That teslanaire had very little to say.�
Aug 23, 2013
kevin99 is he/she a true teslanaire? A lot of guys makes $100k-$250 kthen get on to newspaper and TV. They are not even teslanaires! I don't understand why a story with title 'teslanaire' includes someone makes a quarter of it?
I think many people here make more than that.�
Aug 23, 2013
bonnie I think that it is difficult to get people to talk publicly about their finances (for all sorts of reasons). Perhaps they couldn't find as many to interview as they had hoped.�
Aug 23, 2013
kevin99 I happened to record the last 10 minutes of the StreetSign and see two stories on Tesla:
1. Elon committed to stay on Tesla until he sees mass production of compelling and affordable EV car. Nothing new. However he did mention "it is not as fun as people thought when you are being a CEO of a challenging company, has to do it twice, in two different industries, simultaneously, when you also have a bunch of kids. And he is often tired."
2. The student who makes the quarter million. Hop says he does not know anyone who makes a million. That is odd. The Teslanaire thread already have a few listed there. I personally know at least 2 of them, who are true Teslanaires, not just a quarter.�
Aug 23, 2013
AlMc Agreed. I would not want all my friends, neighbors and clients to know my finances....(Oh..and especially family!!)�
Aug 23, 2013
kevin99 Understandable. They should not use the teslanair term. It is misleading. I guess the media always try to sensationalize a story.�
Aug 23, 2013
Cattledog Oh well, guess I have to earn it the old-fashioned way, stock appreciation.
�
Aug 23, 2013
Name Until a few months ago, I did not know very much about Tesla. I knew that they made an EV but figured it was just another EV destined for failure. I started paying more attention when Elon announced they were going to be profitable in the 1st quarter, but I still did not take the time to do any due diligence on the stock. Eventually, I decided to do some research and after reading up on it for a couple of days, the staggering potential of this thing hit me like a 2 x 4. I got in at $55 and rode it up to $95, then stupidly decided I was smart enough to trade in and out of it. That did not work very well, so I got back in for good at about $103. Still a long way from becoming a Teslanaire but think it is just a matter of time before it happens.�
Aug 23, 2013
Convert2013 Agreed 1000% on personal finances!�
Aug 24, 2013
Causalien I am curious. Why do you guys actively want to be identified as Teslanairs? Are any of you having real life problems with family and friends now that everyone knows you are a Teslanair?�
Aug 24, 2013
kevin99 It is a strange thought you have. What makes you think so? Silicon Valley does not envy a millionaire as too many applenairs, googlenairs, fbnairs, netflixnairs and linkinednairs are here, just like Model S does not have the same special treatment as somewhere else. Have to be humble even if you make it.
Life can't be better when you have the financial strength, the means to do something. The one side benefit is now the non-believing friends do listen instead of bringing up nonsense arguments.�
Aug 24, 2013
NigelM In fairness the media is just repeating a story that started here. The folks that talked to Dana Hull did so willingly.
- - - Updated - - -
BTW, kudos to Cattledog for inventing a word that actually made it into the main stream media.�
Aug 24, 2013
Causalien It's like winning the lottery, you don't want people to know. Then again, silicon valley is filled with millionaires, so it probably means nothing to be a millionaire there.�
Aug 24, 2013
kevin99 It is the furthest thing from winning a lottery. You have no idea...�
Aug 24, 2013
Jonathan Hewitt I know I have no idea. Though it might be nice in a few years to find out�
Aug 24, 2013
bonnie Many of us here DO have an idea and, like a lottery win, don't talk about how much we've made (or lost, for that matter). Maybe my circle of friends is not as mature as others, but I'd hate to have them judge my worth as a person based on some stock trades. I much prefer to talk about other stuff with them. (If someone were to ask me, I don't know if I could recommend something as volatile as this stock. Everyone has a different appetite for risk.) Not living paycheck to paycheck enables me to live life without stress, but it doesn't define me. And my finances aren't anyone's business but mine.
That said, I'm not judging anyone who does. I just hope it doesn't backfire on anyone.�
Aug 24, 2013
roblab Doesn't being a Teslanaire simply mean you've got your Tesla? That's worth a bunch, and gets you a lot of notoriety, too.�
Aug 24, 2013
austinEV Here is my problem. My P85 comes in a few weeks. I will show it to friends and co-workers, and give lots of test drives. They will ask how much it costs, and I will have to say that this config starts at about 85k (and mine costs 100k if they press the issue). My friends are disproportionately co-workers and make the same or less than me. So, I can either say:
1) I just decided to take on a $1500/month car payment or
2) I made money on the TSLA stock and can comfortably afford it.
If I choose #1, I risk a full-on intervention from well meaning friends telling me I am borderline endangering my family by taking on such an irresponsible financial burden. #2 has the problem of being showy, but it's better than #1.�
Aug 24, 2013
kevin99 AustinEV, come clean with your new model s
When my wife's friend visited us, my wife would say oh we take out an auto loan to satisfy my insatiable appetite for luxury car. I just leave them alone without commenting.
I actually feel strange even discussing this. Everyone decides what he wants to hide and what he wants to tell, everyone decides what he wants to learn and what he rather not. One party does not tell the other party what to tell or hide or learn or shut.�
Aug 24, 2013
vfx Or somewhere in-between.
3) I made some money on Tesla stock... enough to make the large car payments reasonable.�
Aug 25, 2013
AlMc This is my story with friends/family....and I'm sticking to it :wink:�
Aug 25, 2013
Robert.Boston Or turn the conversation away from purchase price to the incredibly low operating cost. "Think what a nice car you could buy if you didn't spend all that money on gas!"�
Aug 25, 2013
MLH 59 1/2, unless you utilize the 72t option which requires you to w/d a minimum $ amount annually for a minimum of 5 years.�
Aug 25, 2013
ggr Until recently, when anyone expressed regret to me that they hadn't invested in Tesla stock at $___, I would tell them that "It's not too late yet!". That's because I was sure that they would make money. After the last earnings report and the recent runup I'm more in Bonnie's camp, the volatility now outweighs the probability of making money. I wouldn't want a friend, or soon to be ex-friend, to invest and lose their shirt because they did a panic sell during a dip.�
Aug 25, 2013
NigelM
The cat's out of the bag now though. ;-)
http://www.mercurynews.com/business/ci_23912622/how-teslanaires-made-fortunes-tesla-motors-stock�
Aug 25, 2013
kevin99 I can still hide
"
Sxxx | August 21, 2013
Nobody quoted in the article was a Teslanaire. Everyone seemed to have made $100,000 or more though.
"
I have no problem being known on this forum. The only thing on the news is how it affects your work. For that I can proudly announce here (the first time publicly) I resigned. It is irresponsible for me to spend 8 hours a day on a job for a salary and some stock(it is actually a high profile start-up) while my account daily swing is more than my yearly salary. Besides I got a few dreams of my own want to fulfill so timing can't be better.�
Aug 25, 2013
AlMc Congratulations! :biggrin:�
Aug 25, 2013
Convert2013 Good going dude. It's all about value of time. I was off on vacation early this year from my last contracting gig and doing investment research the first few months of this year on future investments (after a nice YHOO ride). That's when I found TSLA. More value can be added doing research at home or from your iPad on the beach rather than slaving for 8 hrs + per day round the year ;-) Enjoy your plans.�
Aug 25, 2013
austinEV Yeah, I don't think this San Jose Mercury news article has made anyone a household name. Sorry if that was anyone's hope�
Aug 26, 2013
luvb2b check.�
Aug 27, 2013
ggr Two words: "Ten Bagger!".
My reason for not posting more is simply that I can't spend enough time reading. Anything I want to say has pretty much been said by others.�
Aug 27, 2013
TSLAopt My acct is a 100 bagger using options (was very small before, but now about 100 times as big as the start of this year)�
Aug 27, 2013
vfx Congratulations on the big move! Only the Teslabest wishes for you.�
Aug 27, 2013
blakegallagher
Congrats good friend !
Congrats ! I have considered this but I don't think the time is quite right for me. If Tesla continues this run up to 300 with no long term pullback it would of been but I only started with 4k invested and my salary is rapidly growing so I can not justify it yet.�
Aug 27, 2013
TSLAopt congrats! Hope you took some profits off of paper before leaving your job in case the stock market crashes along with TSLA.
Don't forget to contact me if you plan to start a Fund, I'll do my best to help you as a fellow TSLA shareholder...feel like all of us on this board share a common bond now�
Aug 27, 2013
kevin99 My friends, thanks for all the Kind words. As i posted on the other thread, today i exit all of my holding in the 401(k) account. I need to take a breath to access the situation before I can fully implement my hedging strategy. I shall reinvest, perhaps as soon as next week. My investment thesis on TSLA (in my signature) has not changed.
It is quite a relief. Even this morning I woke up before 4am. I was able take a nice afternoon nap for a well needed rest.�
Aug 27, 2013
Discoducky Nice Kevin! Well done!�
Aug 27, 2013
kevin99 I didn't even notice US open already stated and tennis is my favorite sport! Good to have some time now.�
Aug 28, 2013
clmason Wow Kevin, that is amazing. Congrats!
Maybe if you have some time you can post some of the moves you made. It would be a great case study and helpful for future opportunities to model your strategy. If not publicly then maybe by PM.�
Aug 28, 2013
tlo Congrats! Things have changed a lot since the days when there was a single "TSLA Investor Discussions" thread.�
Aug 29, 2013
Jonathan Hewitt Those were the days! I almost forgot about that...�
Aug 31, 2013
Tasmanian Devil Not exactly a Teslanaire story but...this morning I got up and checked my Eurolotto-lottery numbers. It is a 5 out of 50 lottery with 2 additional so called Euro-numbers.
I had 4 out of 5 right with no Euro number. Then I checked the winnings table. I have won 97 �....Wanna know what I would have won with the 5th number also right ?
99.899,10 �.... arrrgh
Guess I have to wait a little longer until I can buy the car with the money I make on the stock, but man ! One number ! Guess I will add the 97�to the next Tesla stock buy�
Sep 1, 2013
Jonathan Hewitt Who needs the lottery when there's options trading?�
Sep 1, 2013
haid Hi Kevin. Interesting choice. My position is similar. Daily swings are more than my original investment. On the wildest days, it is more than my annual salary, but thats because I stay away from options.
Software developer by day, and invested only in TSLA. But I can't seem to bring myself to take cash out of the self-directed IRA. The idea of giving Uncle Sam 10% (beyond normal income tax) just makes me ill. My understanding is that if I hold on until age 55, then I can start drawing down w/o penalty.
Also, maybe it is the work ethic from childhood, but I think I would have to work at something. I've been daydreaming about starting a company to do good. But my retirement money is enough to retire, but not enough to hire others. So I go to work, 55 is only three years away.
I confess I am not as wound up at work, though. If the pressure increases, I find myself asking, "do I really need this"? Or, "another day like this, and I'll quit". But I haven't (yet).
Perhaps you would like to share your mindset that got you to pull the trigger on not working.�
Sep 1, 2013
Blurry_Eyed Haid,
if you are under 59 1/2, there is an IRS rule (Known as the substantially equal payment rule and also known as rule 72t because it references section 72t of the IRS code) that allows you to take distributions from your IRA account without the normal 10% early distribution tax penalty that would apply. Here is the relevant IRS information: Retirement Plans FAQs regarding Substantially Equal Periodic Payments
The penalties for getting the calculation wrong and not following the IRS rules with this distribution method are substantial so I would suggest working with an accountant or financial planner to get it right. But this is a good way to access your IRA money early.�
Sep 1, 2013
mitch672 Blurry_Eyed is correct, I'm planning on using rule 72t to retire early next year, at age 54 (you need to take withdrawals a minimum of 5 years or until age 59 1/2, so 54 is close enough for me)
Here's an article from Forbes that explains it a little more: The 72t Early Distribution From Your IRA - Forbes
Wish my retirement was from TSLA stock, that's only a small percentage, but hoping it increases.
BTW, speaking of retirement, I found a good book that has good explanations of how to use/manage your retirement accounts (IRA, 401K, etc), it's also free to Kindle owners and $9 if you use the kindle app: Amazon.com: An IRA Owners Manual eBook: Jim Blankenship: Kindle Store�
Sep 1, 2013
Convert2013 I'm 41 and in the boat of semi-retired. Roughly work 6 months a year and travel/stay home and research new investments the other six. TSLA has bolstered this way of life for me even further. I don't play options either with TSLA. As long as I'm healthy and able I don't think l'll ever retire fully. Part play-time and part staying relevant in my industry has been fun.�
Sep 1, 2013
haid Thanks for the heads up, Blurry. I had thought I needed to be 55 to take advantage of this. I will ask a professional as I don't trust my ability to interpret fine print.�
Sep 1, 2013
mitch672 If you read the Amazon book link I posted above, if you have a company sponsored 401K plan, and you retire after age 55, and you do not rollover the 401K to another plan, you can take withdrawals after age 55, without the %10 penalty as well (interesting it's age 50 for fireman, police and medics). It's in the Amazon book under the 72t section.�
Sep 1, 2013
tlo What is the nature of your work that lets you work 6 months a year?�
Sep 1, 2013
brianman ... and retire at 41.�
Sep 1, 2013
ckessel Is this of value to someone in their 40's or is IRA stuff likely to change so much by the time I'm looking at even an early retirement that'd it'd be useless?�
Sep 1, 2013
mitch672 I would tell you this; I wish I had the book when I was in my 40's. there are decisions you can make now that will affect your future... For example, Roth or Traditional IRA? Book seems to show they are about the same, in the end. But a Roth IRA has no minimum distribution requirement (MDR), so if you are well off, you can leave that money to your heirs, for example. There's also a good explanation of how important the beneficiaries are on the IRA (there are 2 options, the named beneficiaries only, or the named and their next of kin (if they predecease you)). Can also be important in a divorce. I think it's worth spending the $9 and reading. I learned that my companies 401K can be accessed if I retire after age 55, as long as I don't merge it with another IRA, for example. I though I would have to do the "72t" with 5 years of payments.. Turns out I only have to if I retire before age 55.. So might be worth staying another year for me (there are also no minimum or maximum amount that can be taken out of the 401K, they are just taxed as ordinary income)�
Sep 1, 2013
CapitalistOppressor This.
I had no interest in publicizing how much money I've made from TSLA. I prefer to just kick back, light up a cigar, and do my best Dr. Evil impersonation every time the stock gaps up, all in the privacy of my own home.
�
Sep 1, 2013
blakegallagher
Thanks this was worth a good laugh for me�
Sep 4, 2013
kevin99 Haid, first I pay respect to someone like you who has been able to ride on Apple and then Tesla. that is certainly a better record than me.
I might be in a different situation. I've always wanted to start up my own company. I've attempted twice with my own venture, one time I quit for 1 year to focus on it completely, didn't make it though.
So this time around it is not very difficult for me to pull the trigger. However if you haven't left a permanent job, the shock (before or after) will be tremendous and you can't underestimate it.
I resigned, not to live on the money I've made on investment. I just think my time is worth more than my salary says. I wanted to be an angel investor. Now that I have some money, I don't have to be an entrepreneur and work my butt off. I might still do it if there is a great idea, and perhaps there is one already in the making. It is just my horizon open wide when money is not an issue. Imagine if I have all these capital when I was funding my own start-up back then!�
Sep 4, 2013
justdoit Best of luck with whatever you decide to do. Being a part of a startup is an amazing ride (have been involved in two pretty early stage) and hope to also one day be able to start my own. Actually, have a non-profit idea I want to work on and if I'm fortunate I'll get the chance to take some time off and work on it full time�
Sep 4, 2013
Convert2013 I think I was the most ambitious when I was about 33 working for the largest Aerospace company in the world and had dreams of going up the ladder. But I soon realized aerospace was a dead, non-progressive, corrupt industry. This of course after getting shot down and stopped from every angle by management at work. I quit and started contracting. Contract work in Aerospace paid off. Saved and invested and for the past few years I have only had to contract 6 months out of the year and still be able to maintain a nice quality of life. With that in cruise control, my next thing is to help the poor around the world- with cash. Simple. TSLA seems to be the right catalyst to make that happen over the next 10 years.�
Không có nhận xét nào:
Đăng nhận xét