New Tech (Tesla) vs Old Tech (Energy Sector)
This is NOT a recommendation to buy TSLA stock, the stock of any automaker, or any stock or ETF representing the Energy Sector. Hopefully, by now you know my view of the world - that picking individual stocks is a losing game over longer periods of time does not justify the fees for research and tax inefficiency. Instead, you are better off lowering FEES and TAXES as much as possible and staying disciplined. In the short run there are human behaviors that can strongly influence price movements, but betting one way or another on human emotions is also a losing game. Instead, this post is a quick review of Tesla's amazing run since its inception in 2010 and a comparison to the Energy Sector. I suspected an inverse relationship between price movements in the Energy Sector and Tesla stock because in the simplest terms Tesla represents new tech and the energy sector is legacy tech. I also hope to show the fallacy in making investments just 'because t...
