Member-only story
What Tesla Shares, Dogecoin and, Now, Twitter All Have in Common
The volatility of Elon Musk
A couple of weeks ago, I read an article here in which the author shared the reason why she hadn’t been writing much recently. It was because she had bought some Tesla shares and they were making her so much more money than Medium was that she had reduced the amount of time she was working and, instead, was enjoying a newfound means of subsistence.
She ended the article by advising her readers to buy Tesla shares.
Now, I am no big investor but, in the last few years, I have taken an interest in stocks and shares, as well as precious metals and cryptocurrencies. I have bought and sold physical gold and silver, and I have owned, and still do, a number of digital assets.
I have seen what can happen in a split second in the trading market, and I have experienced losses, as well as gains, myself. I have learned that what may, in one moment, seem like a wonderful opportunity, can reveal major flaws the next.
I am far from an expert on these matters but, from my experience, I have grown to understand the nature of risk and some of the external influences that can cause the value of an asset to plummet in minutes. Which is why I read of this lady’s experience with extreme caution. Of course, I am…