Tesla will continue to thrive in the coming years.
Tesla has remained a leader in the EV market and has continued to innovate and expand its product line.
$TSLA launched several successful EV models, including the Model S, Model 3, and Model Y, and has also entered into the
renewable energy market with products such as solar panels and home battery systems.
The demand for electric vehicles will continue to grow, driven by climate change and air pollution problems, and as governments and businesses adopt policies and initiatives to encourage the
Teaching children to invest should be part of parenting because schools won't do it.
Teaching kids to invest will set them up for financial success & empower them to make better financial decisions throughout life.
🧵10 ways to teach kids investing:
1) Set up a mock stock portfolio, so kids can "invest" in real companies and track the performance of their investments.
This is an engaging way for kids to learn about investing and a great way for parents to help kids understand the concepts of buying low and selling high.
2) Read age-appropriate books about investing to kids.
There are many children's books that help kids understand the principles of investing and how the stock market works.
Reading books together is a great way to spark conversations about investing and help kids learn.
Everyone in their 20s & 30s should consider this bear market a blessing & invest for their future.
Don't let fear drive your investment decisions.
🧵7 ways to make money in a bear market:
Bear markets create opportunities for long-term investors to buy assets at lower prices.
A key benefit of being in your 20s or 30s is that you have time on your side.
Historically, the stock market has always recovered from bear markets and has gone on to achieve new highs.
Value investing:
Bear markets are a good opportunity to look for undervalued stocks that are discounted due to market conditions. Value investing is purchasing assets that are believed to be undervalued and selling them when they reach their intrinsic value.
There are 8 mistakes that first-time home buyers make. Here is how you avoid each:
1. Determine your budget:
Before you start looking at homes, know how much you can afford to spend. Take into account your current income, debts and any other financial obligations you may have.
2. Get pre-approved for a mortgage:
It's a good idea to get pre-approved for a mortgage before you start bidding on a home. This will give you an idea of how much you can borrow and help you know what you can afford.
3. Research the neighborhood:
3. Research the neighborhood:
Look into the neighborhood where you are considering buying a home.
Consider factors such as the quality of the schools, the proximity to amenities like shopping and dining, and the overall safety of the area.
Sunk cost fallacy can lead to poor decision-making because it can cause people to continue investing time, money, or other resources into something that may not be in their best interests.
To avoid this bias:
To avoid this bias, it's important to focus on the potential benefits and costs of a decision, rather than on the resources you have already invested.
For example, imagine that you have bought a ticket to a concert, but you are feeling sick on the day of the event.
If you decide to go to the concert anyway because you have already paid for the ticket, you are falling victim to the sunk cost fallacy.
The ticket cost is a sunk cost – it's money you have already spent and can't get back.