Nio is selling premium cars at a higher price point compared to their rivals. Automatically the onesthat are cheaper would get more deliveries. Just because xiaomi sold more phones than the iPhone doesn't mean Xiaomi is a better investment than Apple. Author needs to do a like for like comparison for more credibility. Not saying Nio is the best EV stock out there, but in terms of growth and branding i think they are definitely at a discount right now.They are cheap for a few reasons.1. China stocks FUD (delist/crackdowns)2. Fed rate hike = growth stocks no longer attractive at this point due to higher interest rate in thefuture. 3. Tech sector gets affect the worst during the current times. EV is part of tech. 4. Supply chain shortage, this is still an ongoing issu
First 3 months has been well with the AI hype. One of the best 3 months in a long time. Made quite a bit and was actually quite surprised by it. Cash flow has been looking not too bad but still 80% invested in equities. If the feds decides to cut rate, the remaining 20% will be invested into the markets.
With the recent increase optimism of the Bitcoin ETF approval, I see it as an opportunity to buy and ride this up during 2024. Of course there could be a correction coming up before the halving, we should view that as a DCA opportunity. Personally I am loading up on several other altcoins with RNDR and XRP as the biggest position for long term upside.