A Cynical Take On: My Strategy in Investing in the US Stock Market

I’m making a killing with it but the strategy behind it is simple and unorthodox. Most important of all, I’m happy either way it goes.

Let me begin with this. I’m not particularly fond of Elon Musk. Indeed, I’ve not known him personally, nor could I claim to say I’ve done lots of research about him. Granted, I readily admit that he had made a positive impact on the world.

He may have been a great businessman, with successes with Paypal, Tesla, and SpaceX, just to name a few. But he was never a great person, at least in my book. This is just my personal opinion. I especially dislike the storm that he had and will continue to kick up on social media, the latest being related to his attempted takeover of Twitter. To make things worse, people feed on his every word and the market is always impacted.

It was a double whammy when you see the person you dislike, and the people that follow him make a big buck in the market, and I have done anything about it for a long time.

Until I decided to take action.

I’ve finally bought Tesla shares. For the record, I don’t particularly believe in electric vehicles (EV) just yet. Not in the near future, not in this part of the world yet at least. This goes against my investing philosophy of investing in companies I trust, and for the long term.

Why?

This is a concept I learned from watching soccer with my mates a decade ago. I was always mad at my mates as any results elsewhere seem to benefit their team, and they know and never failed to rub it. I’m glad I’ve learned from the experience.

The reasoning is easy. If Tesla's price soar, I’m happy, as I made a profit. If the price drop, I’m happy, being able to say that I was right, there is too much hype on him and the company and EV in general. Yeah, I lost a bit of money but either way, I’m happy. For different reasons. No longer will I sulk when I see a storm brewing of his doing.

Disclaimer: While this is a true story and the author does own Tesla stocks at the time of writing, it is not the author’s intention to solicit any financial advice, nor encourage the readers to follow.

This story is part of A Cynical Take On series, the writer’s satirical takes on life.