BLUF: Save cash to buy the dip.

As the resident "finance guy", I just checked my portfolio in my main investing account. My 1 year growth Dec 2, 2019 to today is 184.19%. While I am a Tesla bull, I didn't even start buying Tesla until after the split! (my holdings in this account are only up 42.22%)

This is what happens when you have a "bucket" of cash to pour into the market during massive pullbacks like we saw in March. In fact I made a video about my strategy back in February 2020 that allowed me to keep dollar cost averaging in, while also saving up cash for such crashes, pullbacks, and corrections.

https://youtu.be/zaxVImXZ2ls

I've re-launched the channel for our community to provide a financial education in short 3-5 minute videos and also summarizing others who have good info, but are longwinded for one reason or another. If you can subscribe, it'll help me out tremendously as my goal is to hit 1000 subscribers by the end of the year, and I'm getting close: https://bit.ly/TLDWFinance

Moving forward, I fully expect a massive market correction, especially in the EV space, sometime in late December or January. The Presidential election and Georgia runoff are also going to greatly influence things.

My worst case scenario is with Tesla being added to the S&P 500 that the comming correction initiates a larger correction to the S&P 500, and then Biden gets inaugurated AND Dems take the Senate seats in the Georgia race. Combined we're going to see the markets go into freefall over fears of Biden getting his wishlist of changes to taxing investments and whatnot. Again, this is worst case scenario.

I still think a correction in the EV space is coming as people sell-off after the S&P 500 inclusion, which will create downward pressure. Personally I won't be selling and if anything intend to buy more during such an event.

To quote Warren Buffett and Phil Town, when it rains gold go out with a bucket, not a thimble. It's in major market crashes and corrections where real wealth is built.

This isn't investment advice per se, but rather for educational purposes only, and an insight into where I see things going and what my personal plan of action is.

FYI, we're doing a 2021 Finance Chad Challenge over on the community portal for our private community and you're welcome to follow along as I'll be including some of the progress to the finance and TRP YouTube channels. As a bonus to the community here, this is the 2021 portfolio I built for the challenge. Let's see who comes out on top.

Lastly, do NOT leave money on the table. Using referrals is an easy way to get an immediate return on your investment of opening and funding your account. You and I both get free cash and stocks for doing so.

eToro (free cash) - https://etoro.tw/3o8DrJ2
M1 Finance (free cash) - https://m1.finance/fZchNVy_gI0C
Robinhood (free stock) - https://join.robinhood.com/josephd1865
Webull (free stock) - https://act.webull.com/promotion/invitation/share.html?inviteCode=lEytvlfnMl71