That’s what Tesla (NASDAQ: TSLA) was trading at on February 4, 2020.
I couldn’t believe it.
When I first started writing about Tesla, back before it was even a public company, I never could’ve imagined that the stock would steadily climb more than 4,700% within such a short amount of time.
Of course, some would argue that nine years is not a short amount of time. But a CAGR of roughly 50% is still pretty damn impressive.
Truth is, very few investors will ever pull off even close to that.
Still, in the world of finance, we oftentimes look for the moonshots, the “fast money.”
After all, who doesn’t want to lock in double- and triple-digit gains in a matter of months, especially when we know it’s possible?
Certainly I set aside a portion of my portfolio for those quick trading opportunities that can deliver big gains inside a small window of time. Everyone should, to be honest.
After all, why wouldn’t you want to make some quick money?
No-Brainer Trades: Locking in 26 Double-Digit Gains — Fast!
To be honest, I’m not a big fan of trading stocks for fast money.
I prefer the concept of investing.
Getting a stake in a company you believe in and trust will do well over the long term is really what investing is supposed to be about.
Tesla is the perfect example.
When I first started covering Tesla, I fully believed it could be something amazing — the next Apple (NASDAQ: AAPL) or the next Microsoft (NASDAQ: MSFT).
Management was top-notch, the product was about as disruptive as you can get, and for me, I just loved the idea of being able to support a company that was making personal transportation less harmful for the environment.
Call me a treehugger