This is a story about stocks, options, portfolio management, capital gains, lines of credit, taxes, and retirement. If this sounds interesting to you, read on.
Disclaimer: I’m not a financial advisor. These are just my opinions. Do your own homework, blah blah blah.
This story begins in spring of 2020. The pandemic made its way to the US, initially in the Seattle/Kirkland area, and everyone started working from home. Hey, it’ll all be over in two months and we are going to be back in the office soon, right?
Starting in 2013, my wife and I had spent 7 years accumulating TSLA shares. TSLA kicked off 2020 at $450 a share, and by Feb, it had reached $900! Keep in mind these are pre-split numbers. Our portfolio is starting to become some real money, or as Larry Page would say, it was getting “uncomfortably exciting.”
We wondered if we should get a professional money manager. I watch a lot of Tesla videos on YouTube, and there was a portfolio manager who ardently defended Tesla’s valuation and vision. If there was someone who would understand our investment philosophy, it would be his company.