My TSLA position within BG funds is about £2500. Thats just the stuff I can easily pick out. Some funds are S&P funds et, so probably a bit more, but not much.
I think they are over exposed to TSLA but overall I think they are good funds. Having made 15% in 2 months with some ready cash, I pulled that out today, just in time. I’ll still have taken a beating today but not as bad as it could have been.
I have put £500 in a 3x TSLA short ETP (GraniteShares). So a 4% drop in TSLA means a 12% rise in that fund. I’ll probably increase exposure to that as time goes by and do it as day trading, but to make that worthwhile you need to put in 10k to minimise trading fees and the like. I’ll keep investigating it.
The beauty of the ETP is that it is recalibrated daily, so a longer slower (as long as it is consistent) fall is good for me as BG will rebalance and I protect against a TSLA slump. Of course that is no good if the whole tech sector sentment goes belly up, but that it is a risk I can take.
It is not a true short in that you cannot lose more than you put in.
I only started investing properly in April and have ridden a crazy wave. Trying to calm it all down a bit and head toward fundsmith and blue whale and vanguard. Nice boring ETFs. I have based all my calculations on 7% growth and that is before I account for inflation. The 22% I have made in 10 months, and that is a straight up 22% on all money put in since april, some of which was only put in a month ago, is crazy and not going to be repeatable year on year. My LISA which I have not touched this year has made 37% since April. This is a huge bubble. I am wanting a nice steady growth so I can retire early, not lose the short off my back.
I dabbled with BTC in a ETN on the swedish SE. Only 1k, and I jumped out early taking about 200 quid profit. Due a big correction and I called it too early. That was great as you could put bitcoin in a SIPP / ISA with that, but that is now illegal.
It as obvious TESLA would slump after their annnouncement today. Their shares have never picked up after an official announcement. The P/E is off the chart crazy.
