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Reply to "What was your luckiest financial endeavor or gift?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Investing about $500K into TSLA stock in 2019 before it’s meteoric rise and multiple stock splits. And then selling the stock in late 2021 for Long Term Capital Gains. Never have to work again if I choose not to. And I don’t even own an EV. I admit there was a lot of luck in this but I when I saw people with lower incomes buying these cars I figured it was a good investment. The Biden administrations energy policies just added fuel to the fire. [/quote] Depending on when you bought in 2019 and sold in 2021, that’s a roughly $5M to $20M capital gain. Good for you. Ouch on the tax bill but at least it was the lower long term capital gains rate.[/quote] Anyone who has $500K to invest in an individual stock is already doing well.[/quote]
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