Hi Guys, welcome back to another episode of SingaporeanTalksMoney. Do hit the like button and subscribe to my channel for updates on my investing journey. Let's start with today's topic, do you have a fear of averaging up your stocks, I do.
Recently, I released an article/video on my Tesla stocks journey and how it became 30% of my stock portfolio as I slowly added more shares. Of course, as I added more Tesla shares as it's price went up, it also brought my average price up. I was actually originally against adding more shares as the price was increasing because it would raise my average price substantially. But I realised eventually that if you believe the company will do well in the future, what's stopping you from getting more of it as it grows?
For me, it definitely worked well in the beginning stages as Tesla stock price ran up due to lots of positive news surrounding...