Folks, Back in 2013 I wrote on GoaNet about a company named Tesla and why people will begin to buy battery powered cars. At the time, I predicted that Tesla will go on to sound the death knell for gasoline powered cars within 20 years - give or take a few.
Well, the company is on its way to making big Moolah. You can see their latest here: https://www.thestreet.com/story/13850847/1/tesla-s-tsla-model-3-pre-orders-show-people-will-buy-electric-cars-for-right-price.html?puc=yahoo&cm_ven=YAHOO You can read my original post here: https://www.mail-archive.com/goanet@lists.goanet.org/msg95325.html As usual, the Canadian sheikh had his two cents to add to the discussion. You can see at below link, my argument about why a car running on internal combustion is heading into a death spiral. https://www.mail-archive.com/goanet@lists.goanet.org/msg95379.html I couldn't wait for their car $35,000 any longer and so I got this. https://www.google.com/search?q=jeep+white+grand+cherokee&tbm=isch&imgil=v5gAFzlegEoHmM%253A%253BJUBqk2KlqPSEgM%253Bhttps%25253A%25252F%25252Fwww.pinterest.com%25252Fap110214%25252Fcars%25252F&source=iu&pf=m&fir=v5gAFzlegEoHmM%253A%252CJUBqk2KlqPSEgM%252C_&usg=__y1Hy8Zde4SX6tRtmk3pIP-3dU04%3D&biw=1664&bih=711&dpr=0.9&ved=0ahUKEwiWq-fQktbPAhXL6xQKHVqGA-gQyjcINw&ei=cKL-V5azAcvXU9qMjsAO#imgrc=v5gAFzlegEoHmM%3A But maybe, in two or three years, I may try again. On the investment front, I was hoping OPEC would walk out of their MUNAQASHAT without any deal - which would have crushed the markets - which is what I was hoping for. Though they did walk away without any formal production cuts, they also threw a bone to gullible investors to ensure the price of their oil does not collapse. In a way, OPEC threw cold water on my expectations. But they better hold their line on production or else, oil heading back to $30. Had I relied completely on OPEC outcome to make investment decisions, I would have been still sitting on TIPS. However, just before their meeting I got thinking (what if they screw up my expectations?) and decided to dabble in some Option Calls. The move paid off handsomely. Did you guys notice AMZN rocketed to the moon lately? Yeah - I was on that space ship. On track to leave the S&P in the dust many times over. Jim Fernandes Scarsdale, New York.
