A good friend of mine that I worked with, and have known for 40 years, has decided to put his whole life savings, and 401K into Tesla stock. I was shocked and asked him why, and he said it is the future and he wanted to invest in an eco friendly company, to help save the planet. He did buy a Nissan Leaf electric car, said he could not afford the Tesla....
I then reminded him about putting all your eggs in one basket, and the need to diversify, to no avail. Then I told him about another friend I had, that put all his retirement money in his company, Arthur Anderson, he worked there 35 years, and had over a million dollars in the account. During the financial crisis a few years ago his company went under, and did not survive, he got ZERO dollars back for his retirement. All the employees have a large class action suite against the company, but they will never get any money.
Miami,FL In a van down by the river
2014 Chevrolet SS
Red, sunroof, spare
#3,273 of 3,527 built
#272 of 291