Tesla...

Heisenberg01

Through sheer luck I've done really well with a small SIPP, I was just playing around with it these last few years,but it's gone from a few grand to a years income and a lump sum,mainly due to Tesla.
Got about 5 years to go before I'll need to touch it and know at some point soon I'll have to move it, getting jittery now when it drops 3-5 % in a day, but to be fair it keeps bouncing back.
Reading a lot about the 18th of this month when it hits the SP500, would hate to lose best part of the gains it's made, any opinions on selling it now or leaving it couple of weeks?

Heisenberg01

Not my main retirement funds by a long shot, but it's currently bought my date forward a year, which I wasn't factoring in.

Prism

The theory is that it will bounce around a lot in the first few days and then eventually settle to its current value, whatever that is. As long as its not a big chunk of your total then the Tesla story hasn't changed and maybe stock with it.

tacpot12

Are you expecting Tesla's share price to crash at some point over the next five years, or do you think their shares will continue to grow in value? Selling five years ahead of when you need the money means that you are losing out on five years of potential growth.

The shares could do well in the short term as a result of all of the Index funds that track the S&P 500 have to buy Telsa when it comes into the index. In the longer term, the shares could do well as increased scrutiny of the company's operations and governance. In the very long term, they are in good markets to be in and have a number of good products. They are also ploughing all their income into growing the business, so the value of the company should continue to increase. 

If you think losing the ability to retire a year early will sting too much to want to risk it for any amount of financial reward, I would wait until around the 20th to see what happens with the stock price. If the stock continues to rise for a couple of days, I'd wait a couple more days, I'd sell if the stock seems to have found its level or be falling through its price on 18th. If you do sell, just keep reminding yourself that you sold for a very valid reason; I'm sure you will enjoy your retirement - time is worth more than money. 

Thrugelmir

Heisenberg01 said:

getting jittery now when it drops 3-5 % in a day, but to be fair it keeps bouncing back.

That's the risk of holding a concentrated portfolio. Share prices can move very sharply without warning. 3% - 5% movement in a day isn't an uncommon occurence. 

tel_

A bit random I know, but talking of the EV market, are there any satellite funds available that specifically invest in EV's and companies connected to the EV market? (e.g charging point companies).

Fisker (NYSE:FSR)
Blink Charging (NASDAQ:BLINK)
Plug Power (NYSE:PLUG)
NIO (NYSE:NIO)

What are people's thoughts on the percentage they hold/are thinking of holding in the EV market, if any?

Heisenberg01

Thrugelmir said:

Heisenberg01 said:

getting jittery now when it drops 3-5 % in a day, but to be fair it keeps bouncing back.

That's the risk of holding a concentrated portfolio. Share prices can move very sharply without warning. 3% - 5% movement in a day isn't an uncommon occurence. 

That's fine,when the movement's upwards 😁, it's the downwards that's the problem.

Heisenberg01

tacpot12 said:

Are you expecting Tesla's share price to crash at some point over the next five years, or do you think their shares will continue to grow in value? Selling five years ahead of when you need the money means that you are losing out on five years of potential growth.

Well the money would be invested elsewhere,so hopefully still some growth.

Thrugelmir

Heisenberg01 said:

Thrugelmir said:

Heisenberg01 said:

getting jittery now when it drops 3-5 % in a day, but to be fair it keeps bouncing back.

That's the risk of holding a concentrated portfolio. Share prices can move very sharply without warning. 3% - 5% movement in a day isn't an uncommon occurence. 

That's fine,when the movement's upwards 😁, it's the downwards that's the problem.

Until you are holding cash. It's just a number on a screen.

Secret2ndAccount

This one's easy. You have made a massive gain in Tesla. Take out your initial investment and put it in something with a more predictable return. Then you are playing with the house's money. If Tesla doubles again, woohoo! If it halves, you still have all your original money, and a fair bit more.

Tesla's price is unjustifiable, but it has been for a long time, and it still keeps going up. So I don't think it's fair for anyone to say they can predict the future of Tesla stock wth any certainty. Remove the psychological stress by protecting your initial investment. Then you can enjoy the ride.

Brynsam

Heisenberg01 said:

Reading a lot about the 18th of this month when it hits the SP500, would hate to lose best part of the gains it's made, any opinions on selling it now or leaving it couple of weeks?

The trouble with opinions is they are no guide to anything except what particular individuals think, so your opinion is as valid as anyone's!